TAG Tegernsee Immobilien- und Beteiligungs-AG:

TAG Tegernsee Immobilien u. Beteiligungs AG / Preliminary Results

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TAG Tegernsee: Preliminary figures for 2007

- Consolidated profit (EBT) up five-fold to EUR 31.1 million

- 36 percent increase in revenues to EUR 146.1 million

- Dividend payment planned

(Hamburg, March 19, 2008). On the basis of its preliminary figures, TAG
Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft achieved a
five-fold increase in EBT to EUR 31.1 million in 2007 (2006: EUR 6.4
million). As a result, it clearly confirmed its earnings forecast for 2007.
In 2007, TAG achieved its goals thanks to strong growth in all business
segments, thus boosting earnings and profitability. This pleasing result
was underpinned by stable rental income, strong expansion in the real
estate portfolio as well as profit from the sale of real estate.

At 146.1 million, TAG’s revenues were up a substantial 36 percent on the
previous year (2006: EUR 107.3 million). Earnings before taxes (EBT) in
2007 surged five-fold to EUR 31.1 million (2006: EUR 6.4 million). Thanks
to the strategic extensions to TAG’s portfolio together with project
development activities, total assets climbed by 29 percent to approximately
EUR 890 million.

Pending the approval of the annual financial statements by the Supervisory
Board on April 17, 2008, the shareholders will be asked to approve a
dividend of EUR 0.10 per share at the annual general meeting on June 20,
2008.

The final figures for fiscal 2007 will be released on April 24, 2008. 

Further information can be found in the press release which will be
published on March 20, 2008.



Press inquiries:

TAG Tegernsee Immobilien- und
Beteiligungs-Aktiengesellschaft
Head of investor and public relations 
Kirsten Schleicher

Tel. +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 388
pr@tag-ag.com




19.03.2008  Financial News transmitted by DGAP
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Language:     English
Issuer:       TAG Tegernsee Immobilien u. Beteiligungs AG
              Steckelhörn 9
              20457 Hamburg
              Deutschland
Phone:        +49 (0)40 380 32 300
Fax:          +49 (0)40 380 32 399
E-mail:       info@tag-ag.com
Internet:     www.tag-ag.com
ISIN:         DE0008303504
WKN:          830350
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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