Announcement

TAG AG continues investment strategy

PRESS RELEASE TAG continues expansive investment strategy Acquisition of commercial properties amounting

TAG AG continues investment strategy

TAG Tegernsee Immobilien u. Beteiligungs AG / Agreement

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------

PRESS RELEASE

TAG continues expansive investment strategy

Acquisition of commercial properties amounting to EUR 40 million for future
REIT

Hamburg, April 25, 2007 – TAG Tegernsee Immobilien- und Beteiligungs- AG is
investing a further EUR 40 million in two attractive commercial real estate
packages in central locations of Hamburg and Nuremberg. The combined real
estate assets of the future TAG Gewerbe AG will thus increase to around EUR
200 million. The transaction represents a further strategic step for the
SDAX listed company toward a REIT listing.

TAG is continuing its expansive investment strategy. Four commercial
properties with a rental space of some 21,000 square metres have been
acquired by the future TAG Gewerbe AG in top locations of Hamburg and
Nuremberg for a total of EUR 40 million.

The portfolio includes two attractive office and commercial properties in
Ottensen, a highly desirable district of Hamburg. With the acquisition of
two further office and commercial properties, the future TAG Gewerbe AG has
also extended its commercial property portfolio in Nuremberg. Both
properties are in prime commercial locations of the city.

'These current transactions represent a successful continuation of our
strategy to position a REIT with an attractive and high-growth real estate
portfolio. Further acquisitions to expand the commercial property portfolio
will follow,' says CEO Andreas Ibel.

The subsidiary Bau-Verein zu Hamburg has also expanded its real estate
portfolio with the acquisition of two residential properties (rental space
approx. 8,500 square metres). The purchase price for the two properties in
upmarket central Nuremberg locations amounts to around EUR 9 million.

Press inquires:

TAG Tegernsee Immobilien- und

Beteiligungs- Aktiengesellschaft

Public Relations

Kirsten Schleicher

Fon +49 (0)40 380 32 307

Fax +49 (0)40 380 32 388

pr@tag-ag.com






DGAP 25.04.2007 
----------------------------------------------------------------------
 
Language:     English
Issuer:       TAG Tegernsee Immobilien u. Beteiligungs AG
              Steckelhörn 9
              20457 Hamburg Deutschland
Phone:        +49 (0)40 30 60 59-40
Fax:          +49 (0)40 30 60 59-49
E-mail:       info@tag-ag.com
www:          www.tag-ag.com
ISIN:         DE0008303504
WKN:          830350
Indices:      SDAX
Listed:       Amtlicher Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------