TAG AG continues investment strategy

TAG Tegernsee Immobilien u. Beteiligungs AG / AgreementRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------PRESS RELEASETAG continues expansive investment strategyAcquisition of commercial properties amounting to EUR 40 million for futureREITHamburg, April 25, 2007 – TAG Tegernsee Immobilien- und Beteiligungs- AG isinvesting a further EUR 40 million in two attractive commercial real estatepackages in central locations of Hamburg and Nuremberg. The combined realestate assets of the future TAG Gewerbe AG will thus increase to around EUR200 million. The transaction represents a further strategic step for theSDAX listed company toward a REIT listing.TAG is continuing its expansive investment strategy. Four commercialproperties with a rental space of some 21,000 square metres have beenacquired by the future TAG Gewerbe AG in top locations of Hamburg andNuremberg for a total of EUR 40 million.The portfolio includes two attractive office and commercial properties inOttensen, a highly desirable district of Hamburg. With the acquisition oftwo further office and commercial properties, the future TAG Gewerbe AG hasalso extended its commercial property portfolio in Nuremberg. Bothproperties are in prime commercial locations of the city.'These current transactions represent a successful continuation of ourstrategy to position a REIT with an attractive and high-growth real estateportfolio. Further acquisitions to expand the commercial property portfoliowill follow,' says CEO Andreas Ibel.The subsidiary Bau-Verein zu Hamburg has also expanded its real estateportfolio with the acquisition of two residential properties (rental spaceapprox. 8,500 square metres). The purchase price for the two properties inupmarket central Nuremberg locations amounts to around EUR 9 million.Press inquires:TAG Tegernsee Immobilien- undBeteiligungs- AktiengesellschaftPublic RelationsKirsten SchleicherFon +49 (0)40 380 32 307Fax +49 (0)40 380 32 388pr@tag-ag.comDGAP 25.04.2007 ---------------------------------------------------------------------- Language:     EnglishIssuer:       TAG Tegernsee Immobilien u. Beteiligungs AG              Steckelhörn 9              20457 Hamburg DeutschlandPhone:        +49 (0)40 30 60 59-40Fax:          +49 (0)40 30 60 59-49E-mail:       info@tag-ag.comwww:          www.tag-ag.comISIN:         DE0008303504WKN:          830350Indices:      SDAXListed:       Amtlicher Markt in Frankfurt (Prime Standard), München;              Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart End of News                                     DGAP News-Service ---------------------------------------------------------------------------