Announcement

TAG Immobilien AG sells its shares in ESTAVIS AG

TAG Immobilien AG / Key word(s): Miscellaneous02.02.2012 / 17:30 PRESS RELEASE TAG Immobilien AG sells

TAG Immobilien AG sells its shares in ESTAVIS AG


TAG Immobilien AG / Key word(s): Miscellaneous

02.02.2012 / 17:30


PRESS RELEASE

TAG Immobilien AG sells its shares in ESTAVIS AG

(Hamburg, 2 February 2012) - TAG Immobilien AG ('TAG' in the following) has sold its 20-percent stake in ESTAVIS AG at an attractive price. The transaction was executed at the end of January; the parties have agreed to keep the purchase price confidential.

TAG Immobilien AG will continue to regard ESTAVIS AG as a partner following the sale of its holding, and will continue to work with the company on specific projects.

TAG Immobilien AG CEO Rolf Elgeti says: 'Though we continue to have great confidence both in Estavis's management and its business model, it made sense for us to sell our share package at a good price. TAG's focus and future is the continued expansion of its residential portfolio.'

About TAG Immobilien AG:

TAG Immobilien AG (TAG) is a publicly listed real-estate company with a 125-year history. The SDAX-listed company currently has a market cap of approx. EUR 450 million. Its primary businesses are residential and commercial properties in German metropolises, as well as property-related services. Through active asset management and targeted inventory development, TAG gradually leverages existing potential, which optimises the rental profits and increases the value of the portfolio. Above and beyond this, TAG's business strategy focuses on continued growth. Here, the company focuses on sites where it already has investments, such as Berlin, Hamburg, Leipzig, NRW and Salzgitter, so that asset and property management for the newly acquired properties can be handled with existing resources.

Press enquiries:
TAG Immobilien AG
Investor & Public Relations
Britta Lackenbauer / Dominique Mann
Tel. +49 40 380 32 0
Fax +49 40 380 32 390



End of Corporate News


02.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de


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
WKN: 830350
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart
End of News DGAP News-Service

154995  02.02.2012