Announcement

TAG AG Fiscal 2007

TAG striving for continued growth in 2008 - Preliminary earnings of EUR 31.1 million confirmed - Shareholders

TAG AG Fiscal 2007

TAG Tegernsee Immobilien u. Beteiligungs AG / Final Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
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TAG striving for continued growth in 2008

- Preliminary earnings of EUR 31.1 million confirmed

- Shareholders to be asked to authorise a dividend

- Capital spending of EUR 150 million planned for 2008

(Hamburg, 24 April 2008). TAG Tegernsee Immobilien- und
Beteiligungs-Aktiengesellschaft experienced the best year in its history in
2007. Earnings before tax surged five-fold from EUR 6.4 million to EUR 31.1
million on a 36 percent increase in revenues from EUR 107.3 million to EUR
146.1 million. As a result, TAG has confirmed the figures which it forecast
and previously announced on a preliminary basis.

On the strength of this favourable performance, the Management Board and
the Supervisory Board will be asking the shareholders to approve a dividend
of EUR 0.10 per share at the annual general meeting for the first time in
many years. The annual general meeting is scheduled to take place on 20
June 2008 at Handwerkskammer Hamburg.

Looking forward, TAG will continue on its dynamic growth curve in 2008  and
plans to spend around EUR 50 million on its real estate portfolio and on
portfolio and project development. A further EUR 100 million has been
earmarked for new acquisitions this year.

In 2007, TAG achieved its goals thanks to strong growth in all business
segments, thus boosting revenues, profit and margins. This outstanding
result was underpinned by stable rental income, strong expansion in the
real estate portfolio as well as profit from the sale of real estate.

Andreas Ibel, CEO of TAG, is optimistic about the Company’s prospects for
this year: 'We expect the German residential and commercial real estate
market to remain upbeat, with demand continuing to rise in all segments
which we address despite the persistent difficulties afflicting the capital
and financial markets. Thanks to our strategic position, we assume that we
will be able to continue benefiting from the favourable conditions in the
German real estate market.'

Press inquiries:

TAG Tegernsee Immobilien- und
Beteiligungs- Aktiengesellschaft
Head of Investor & Public Relations 
Kirsten Schleicher

Tel. +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 390
pr@tag-ag.com



Contact:
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



24.04.2008  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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