Announcement

TAG Immobilien AG announces EUR 110m increase in its 2013/2018 corporate bond

Press release Not for distribution in the United States, Australia, Canada or Japan. TAG Immobilien

TAG Immobilien AG announces EUR 110m increase in its 2013/2018 corporate bond

DGAP-News: TAG Immobilien AG / Key word(s): Bond

10.02.2014 / 08:00

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Press release

Not for distribution in the United States, Australia, Canada or Japan.
 
TAG Immobilien AG announces EUR 110m increase in its 2013/2018 corporate
bond

Hamburg, 10 February 2014 - The Management Board of TAG Immobilien AG
('TAG' or 'the Company' in the following) announces that it has increased
the WKN A1TNFU/ ISINXS0954227210 corporate bond issued in August 2013 by
another EUR 110 million through a private placement. The original volume of
the bond, which matures in August 2018 and pays a coupon of 5.125% per
year, was EUR 200 million. The bond is traded in the Open Market, the Entry
Standard of the Frankfurt Stock Exchange, with participation in the Prime
Standard for corporate bonds. The bond increase was issued at 103% of par
value, which is about the current price of the bond.

The proceeds from the bond increase will primarily be used to further
optimise the Company's capital and financing structure, and in particular
to pay down higher interest-bearing bank loans without incurring prepayment
penalties. The Board expects interest savings of a little over EUR 1
million per year, starting as early as Q2 2014.

Furthermore, the Company intends to use the net proceeds to finance TAG's
continued growth and for other general business purposes.

Close Brothers Seydler Bank AG, Frankfurt am Main, is the sole global
coordinator and sole bookrunner for the transaction / placement.


Disclaimer

This announcement is neither an offer to sell nor a call for offers to
purchase securities of TAG Immobilien AG, and is no substitute for a
securities prospectus. All of the securities issued as part of the increase
have already been placed.
The securities referred to in this announcement may only be sold or offered
for sale in the United States of America or for the account or benefit of
U.S. persons by prior registration under the U.S. Securities Act of 1933,
in its currently valid version (U.S. Securities Act) or only based on an
exemption without prior registration.
Except from certain exemptions, the securities referred to in this
announcement may not be sold or offered for sale in Australia, Canada or
Japan, or for the account of Australian, Canadian or Japanese residents.
The securities referred to in this announcement will not be registered in
accordance with the U.S. Securities Act and/or the respective statutory
provisions in Australia, Canada and Japan. There will be public offering of
the securities in these countries.

 
Press enquiries:

TAG Immobilien AG
Head of Investor & Public Relations
Dominique Mann
Tel. +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 390
pr@tag-ag.com


End of Corporate News

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10.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                                    
Company:     TAG Immobilien AG                                          
             Steckelhörn 5                                              
             20457 Hamburg                                              
             Germany                                                    
Phone:       040 380 32 0                                               
Fax:         040 380 32 390                                             
E-mail:      ir@tag-ag.com                                              
Internet:    www.tag-ag.com                                      
ISIN:        DE0008303504, XS0954227210                                 
WKN:         830350, A1TNFU                                             
Indices:     MDAX                                                       
Listed:      Regulierter Markt in Frankfurt (Prime Standard), München;  
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,      
             Stuttgart                                                  
 
 
End of News    DGAP News-Service  
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