Announcement

TAG Immobilien AG: TAG Immobilien AG: Gross proceeds from successful placement of shares from capital increase and convertible bond issue exceed EUR 132 million

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TAG Immobilien AG: TAG Immobilien AG: Gross proceeds from successful placement of shares from capital increase and convertible bond issue exceed EUR 132 million

TAG Immobilien AG / Key word(s): Corporate Action
TAG Immobilien AG: TAG Immobilien AG: Gross proceeds from successful
placement of shares from capital increase and convertible bond issue
exceed EUR 132 million

08.12.2010 / 16:29

During the period from 22 November to 6 December 2010, TAG Immobilien AG
('TAG' in the following) had offered its shareholders approximately 11.6
million new shares from a capital increase, and 9 million new convertible
bonds for subscription.
The new shares and convertible bonds were also offered to selected
investors in a private placement on 2 December 2010, subject to the
exercise of subscription rights of holders of subscription rights, at a
price that corresponds to the subscription price. The subscription price
for the new shares was determined at EUR 5.70, the subscription price for
the convertible bonds was determined at EUR 7.40. Today, the results of the
rights issue have been confirmed and allocations have been finalised. Both
capital measures were successfully issued and the capital increase was
significantly oversubscribed. The issue of the new shares and convertible
bonds generated gross proceeds for the company of approximately EUR 132
million, which - after deducting the emission fees and expenses - are to be
used to finance the voluntary takeover offer to shareholders of Colonia
Real Estate AG.

The capital increase was entered in the company register today. This raises
TAG's share capital from EUR 46,959,115 by EUR 11,607,249 to EUR 58,566,364
and the company's number of shares by the same amount. The new shares are
scheduled to be admitted for trading on the Frankfurt Stock Exchange today.
The listing is based on a prospectus approved by Germany's Federal
Financial Supervisory Authority (BaFin) on 06 December 2010, and posted on
the TAG homepage at
www.tag-ag.com/investor-relations/wertpapierprospekt.html. The new
shares are scheduled for delivery on 10 December 2010.
 
The convertible bonds, which were issued at a price of EUR 7.40 each with
an interest rate of 6.5% per anno and a maturity period of five years, are
also scheduled for delivery and admission to trading on the Open Market on
10 December 2010.

Further details regarding the specification of terms for the new shares and
convertible bonds were published on the evening of 02 December 2010 as an
ad hoc release and on 03 December 2010 in the electronic Bundesanzeiger
(Federal Gazette).

'Our thanks go to our shareholders and investors, whose trust has enabled
us to take capital measures of this scope in such a short time and in a
difficult market environment. We also thank the managing syndicate of
banks, Kempen & Co. NV, Amsterdam and Close Brothers Seydler Bank AG,
Frankfurt am Main, for their professional support and implementation of the
transactions,' says Rolf Elgeti, CEO of TAG Immobilien AG.

The voluntary exchange offer to the shareholders the Colonia Real Estate AG
is scheduled to be published before the end of December 2010.

Disclaimer
This document is neither an offer to sell nor an invitation to buy or
subscribe for shares or other securities. It is not intended for
shareholders or investors in the United States, Canada, Australia and
Japan.


End of Corporate News


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Language:    English                                                    
Company:     TAG Immobilien AG                                          
             Steckelhörn 5                                              
             20457 Hamburg                                              
             Deutschland                                                
Phone:       040 380 32 300                                             
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                                                  
 
 
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