TAG Tegernsee Immobilien- und Beteiligungs-AG:

TAG Tegernsee Immobilien u. Beteiligungs AG / Quarter ResultsRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.----------------------------------------------------------------------Report on the first nine months of 2007TAG with continued growth in the third quarter- Sharp rise in rental and management income- Fourfold increase in consolidated profit- Guidance for 2007 confirmed(Hamburg, 15 November 2007). TAG Tegernsee Immobilien- undBeteiligungs-Aktiengesellschaft continued on its successful businesstrajectory in the third quarter, with revenues in the first nine months of2007 rising from EUR 57.6 million to EUR 58.3 million. Consolidated profitincreased fourfold from EUR 1.7 million in 2006 to EUR 7.0 million in 2007.The encouraging performance was underpinned by the rise in rental andmanagement income as well as extensions to the real estate portfolio.Rental and management income climbed by 91 percent year on year from EUR23.8 million to EUR 45.5 million. The strong growth was due to extensionsto service business as well as the steady increase in rental income.In the period under review, TAG particularly concentrated on project andportfolio development at all locations. In connection with the buy, buildand hold strategy, this aims at unlocking long-term value in portfolioproperties. The implementation of this strategy yielded fair value gains ofEUR 23.2 million, up from EUR 9.2 million in the previous year.The volume of investment properties tripled in value from EUR 172.1 millionat the end of 2006 to EUR 532.5 million as of 30 September 2007. At thesame time, total assets widened from EUR 693.3 million to a current figureof EUR 799.8 million.Earnings before taxes (EBT) tripled in the first nine months of the year,rising from EUR 5.2 million to EUR 15.8 million. TAG’s Management Boardconfirms its forecast of full-year EBT of EUR 31 million for 2007. In thisconnection, it assumes that the subprime crisis and the resultant morerestrictive lending practices on the part of German banks will not have anyimpact on its current business activities and ongoing negotiations.Bau-Verein zu Hamburg AG, the TAG subsidiary specialising in residentialreal estate in German metropolitan regions, also performed encouragingly,reporting consolidated profit of EUR 4.7 million on a 16 percent increasein revenues to EUR 42.4 million. Further acquisitions of residential realestate are currently in the pipeline.The pooling of service activities under the roof of TAG Asset ManagementGmbH was also successful, with management income surging from EUR 0.8million in 2006 to EUR 5.5 million in the period under review.With the establishment of TAG Gewerbeimmobilien-Aktiengesellschaft and itsregistration as a pre-REIT, the conditions for the placement of a REIT havebeen fulfilled. The portfolio of office real estate is generating stablecash flows from leases of different durations.'Our preparations for the placement of the TAG commercial property REIT areproceeding according to schedule. As soon as conditions in the stock marketpermit a fair valuation, we plan to float the company as a REIT,' says CEOAndreas Ibel.Press inquiries:TAG Tegernsee Immobilien- undBeteiligungs- AktiengesellschaftHead of Investor & Public Relations Kirsten SchleicherTel. +49 (0) 40 380 32 300Fax +49 (0) 40 380 32 388pr@tag-ag.com15.11.2007  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       TAG Tegernsee Immobilien u. Beteiligungs AG              Steckelhörn 9              20457 Hamburg              DeutschlandPhone:        +49 (0)40 30 60 59-40Fax:          +49 (0)40 30 60 59-49E-mail:       info@tag-ag.comInternet:     www.tag-ag.comISIN:         DE0008303504WKN:          830350Indices:      SDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), München;              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News                                     DGAP News-Service ---------------------------------------------------------------------------