TAG AG Fiscal 2007
TAG Tegernsee Immobilien u. Beteiligungs AG / Final ResultsRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.----------------------------------------------------------------------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- undBeteiligungs-Aktiengesellschaft experienced the best year in its history in2007. Earnings before tax surged five-fold from EUR 6.4 million to EUR 31.1million on a 36 percent increase in revenues from EUR 107.3 million to EUR146.1 million. As a result, TAG has confirmed the figures which it forecastand previously announced on a preliminary basis.On the strength of this favourable performance, the Management Board andthe Supervisory Board will be asking the shareholders to approve a dividendof EUR 0.10 per share at the annual general meeting for the first time inmany years. The annual general meeting is scheduled to take place on 20June 2008 at Handwerkskammer Hamburg.Looking forward, TAG will continue on its dynamic growth curve in 2008 andplans to spend around EUR 50 million on its real estate portfolio and onportfolio and project development. A further EUR 100 million has beenearmarked for new acquisitions this year.In 2007, TAG achieved its goals thanks to strong growth in all businesssegments, thus boosting revenues, profit and margins. This outstandingresult was underpinned by stable rental income, strong expansion in thereal estate portfolio as well as profit from the sale of real estate.Andreas Ibel, CEO of TAG, is optimistic about the Company’s prospects forthis year: 'We expect the German residential and commercial real estatemarket to remain upbeat, with demand continuing to rise in all segmentswhich we address despite the persistent difficulties afflicting the capitaland financial markets. Thanks to our strategic position, we assume that wewill be able to continue benefiting from the favourable conditions in theGerman real estate market.'Press inquiries:TAG Tegernsee Immobilien- undBeteiligungs- AktiengesellschaftHead of Investor & Public Relations Kirsten SchleicherTel. +49 (0) 40 380 32 300Fax +49 (0) 40 380 32 390pr@tag-ag.comContact:TAG Tegernsee Immobilien- undBeteiligungs-AktiengesellschaftHead of investor and public relations Kirsten SchleicherTel. +49 (0) 40 380 32 300Fax +49 (0) 40 380 32 388pr@tag-ag.com24.04.2008 Financial News transmitted by DGAP---------------------------------------------------------------------- Language: EnglishIssuer: TAG Tegernsee Immobilien u. Beteiligungs AG Steckelhörn 9 20457 Hamburg DeutschlandPhone: +49 (0)40 380 32 300Fax: +49 (0)40 380 32 399E-mail: info@tag-ag.comInternet: www.tag-ag.comISIN: DE0008303504WKN: 830350Indices: SDAXListed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------