TAG Immobilien AG will repurchase three series of its outstanding convertible notes

TAG Immobilien AG  / Key word(s): Miscellaneous

29.07.2013 08:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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29 July 2013

NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON OR ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES OF AMERICA

TAG Immobilien AG will repurchase 
three series of its outstanding convertible notes

The management board of TAG Immobilien AG (the Company) has resolved to
invite the holders of three series of Notes to tender for purchase at the
respective Repurchase Price (as defined below) for cash as described below
(the Repurchase Invitation). For this purpose, the Company intends to use
parts of the net proceeds from the issue of the corporate bond in the
amount of up to EUR 200 million and a term of five years, the offer of
which was also resolved today.

The Repurchase Invitation relates to the following series of convertible
notes (the Notes):



Description           ISIN      Denomin-  Outstandi-  Minimum Repurchase
                                ation     ng          Price
                                          Principal
                                          Amount

EUR 30,000,000 6.375  DE000A1E  EUR       EUR         EUR 177.86 (excluding
per cent.             LQF0      100.00    29,945,100  accrued interest)
Convertible Notes                         .00
due May 2015

EUR 66,600,000 6.50   DE000A1E  EUR 7.40  EUR         EUR 10.23 (including
per cent.             89W7                66,598,764  accrued interest to
Convertible Notes                         .20         the Settlement Date)
due December 2015

EUR 85,300,000 5.50   DE000A1P  EUR       EUR         EUR 127,490.74
per cent.             GZM3      100,000.  85,300,000  (excluding accrued
Convertible Notes               00        .00         interest)
due June 2019


The respective final repurchase price of each series of Notes (the Repurchase Price) will be determined following the Close of Invitation (as defined below) and will be equal to an amount equal to or above the respective Minimum Repurchase Price for such series of Notes (as set out in the table). The Company has limited the Notes to be repurchased pursuant to the Repurchase Invitation such that the cash amount to be paid in consideration for the Notes (including of accrued interest to theSettlement Date) will not exceed EUR 120,000,000 (the Maximum Cash Consideration). The Repurchase Invitation will be valid from its publication and presumably until 6 pm CET on 30 July 2013 (the Close of Invitation). The settlement of the Notes is expected to occur on 7 August 2013 (the Settlement Date). Disclaimer THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO ANY PERSON NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES). THE OFFER REFERENCED HEREIN IS NOT BEING MADE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR BY USE OF THE MAILS, OR BY ANY MEANS OR INSTRUMENTALITY OF INTERSTATE OR FOREIGN COMMERCE, OR OF ANY FACILITY OF A NATIONAL SECURITIES EXCHANGE, OF THE UNITED STATES AND THE OFFER CANNOT BE ACCEPTED BY ANY SUCH USE, MEANS, INSTRUMENTALITY OR FACILITY OR FROM WITHIN THE UNITED STATES. This release does not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States. The securities referred to herein (including the Notes and the shares of TAG Immobilien AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act) or the laws of any state within the U.S., and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons, except in a transaction not subject to, or pursuant to an applicable exemption from, the registration requirements of the Securities Act or any state securities laws. This release and the information contained herein may not be distributed or sent into the United States, or in any other jurisdiction in which offers or sales of the securities described herein would be prohibited by applicable laws and should not be distributed to United States persons or publications with a general circulation in the United States. No offering of the Notes is being made in the United States. 29.07.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: TAG Immobilien AG Steckelhörn 5 20457 Hamburg Germany Phone: 040 380 32 0 Fax: 040 380 32 390 E-mail: ir@tag-ag.com Internet: www.tag-ag.com ISIN: DE0008303504 WKN: 830350 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------