TAG Immobilien AG: TAG Immobilien AG now holds 49.70 % of voting rights in Colonia Real Estate AG

TAG Immobilien AG / Key word(s): Offer

09.02.2011 / 08:15

* TAG's shareholding in Colonia Real Estate AG now close to 50% 
* Takeover is on track

Hamburg (9 February 2011) - TAG Immobilien AG (TAG in the following)
announces that the voluntary public takeover offer extended to Colonia Real
Estate AG shareholders (CRE in the following) has been successfully
concluded. Including the CRE shares already held by TAG on the date the
offer document was published and the shares acquired on the stock market by
the end of the additional offer period, TAG now holds a total of 49.70
percent of the voting rights in CRE, which puts it in a comfortable
position. By the end of the additional acceptance period, which expired on
4 February, a total of 9.16 percent of shares in CRE had been tendered to
TAG under the terms of the takeover offer.

'We very nearly reached our goal of acquiring the majority in Colonia and
are pleased that many of Colonia's shareholders accepted our takeover
offer. The results of the takeover are gratifyingly in line with our
expectations,' says Rolf Elgeti, CEO of TAG.

The takeover procedure itself, i.e. the transfer of the tendered CRE shares
and payments to Colonia shareholders, will take place on 11 February

Press enquiries:
TAG Immobilien AG
Investor & Public Relations
Britta Lackenbauer / Dominique Mann
Tel. +49 40 380 32 300
Fax +49 40 380 32 390

End of Corporate News


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Language:    English                                                    
Company:     TAG Immobilien AG                                          
             Steckelhörn 5                                              
             20457 Hamburg                                              
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,      
End of News    DGAP News-Service  
111514 09.02.2011