Announcement

TAG Immobilien AG today announces the start of the rump placement of new shares and convertible bonds

--------------------------------------------------------------------- Language: English

TAG Immobilien AG today announces the start of the rump placement of new shares and convertible bonds

TAG Immobilien AG / Key word(s): Miscellaneous
TAG Immobilien AG today announces the start of the rump placement of
new shares and convertible bonds

02.12.2010 / 07:28

TAG Immobilien AG today announces the start of the rump placement by way of
accelerated bookbuilding of up to 11.6 million new shares and up to app.
EUR 70 million convertible bonds not taken up by shareholders of TAG
Immobilien AG in the subscription offers
 
 
The accelerated bookbuilding process for the
new shares and convertible bonds will start with immediate effect and is
expected to close 2 December 2010, subject to acceleration. The accelerated
bookbuilding process will target selected qualified investors only, the
final allocation will be subject to the exercise of the subscription rights
of holders thereof during the subscription period. With regard to the
offering of up to 11.6 million new shares, a number of large shareholders
of TAG Immobilien AG ('TAG' in the following) including TAG's management
have already informed TAG of their intention to exercise their subscription
rights to participate in the offering pro rata to their current holdings of
approximately 30% of the equity issue. The subscription price of the new
shares and the terms for the convertible bonds will be determined on the
basis of the bookbuilding process.

On 15 November 2010, with the approval of the Supervisory Board, the
Management Board of TAG  resolved to finance the planned public offer to
the shareholders of Colonia Real Estate AG by issuing of up to EUR
11,607,249 new shares and convertible bonds in an aggregate amount of up to
approximately EUR 70 million. The new shares and convertible bonds will be
offered for subscription to shareholders during the subscription period
running from 22 November 2010 up to and including 6 December 2010.

The members of a consortium of banks consisting of Kempen & Co. NV,
Amsterdam as global co-coordinator, joint bookrunner and joint lead
manager, and Close Brothers Seydler Bank AG, Frankfurt as joint bookrunner
and joint lead manager have been commissioned to implement the process.
 
The subscription price for the new shares, at which holders of subscription
rights may subscribe for the new shares during the subscription period, the
placement price at which the new shares will be allocated to qualified
investors (subject to the exercise of subscription rights by holders
thereof), the extent to which qualified investors will be allocated new
shares and convertible bonds and also the expected final volume of the
capital increase, the expected final number of convertible bonds to be
issued and the expected final issuing conditions for the convertible bonds
will be fixed by TAG's Management and Supervisory Boards immediately after
the respective bookbuilding, i.e. probably on the evening of 2 December
2010, and communicated by way of an ad-hoc announcement and published the
following day in the Electronic Federal Gazette (elektronischer
Bundesanzeiger).



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.


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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 Hamburg, Düsseldorf, Berlin, Hannover,      
             Stuttgart                                                  
 
 
End of News    DGAP News-Service  
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