TAG Tegernsee Immobilien- und Beteiligungs-AG:

Preliminary figures TAG looking back on a successful year in 2007 - Consolidated profit (EBT) up five-fold

TAG Tegernsee Immobilien- und Beteiligungs-AG:

TAG Tegernsee Immobilien u. Beteiligungs AG / Preliminary Results

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Preliminary figures

TAG looking back on a successful year in 2007

- Consolidated profit (EBT) up five-fold to EUR 31.1 million

- Revenues up by more than one third

- Asset management activities reinforced by means of a joint venture

- Dividend payment planned

(Hamburg, March 20, 2008) On the basis of its preliminary figures, TAG
Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft achieved a
five-fold increase in EBT to EUR 31.1 million in 2007 (2006: EUR 6.4
million). As a result, it clearly confirmed its earnings forecast for 2007.
In 2007, TAG achieved its goals thanks to strong growth in all business
segments, thus boosting earnings and profitability. This pleasing result
was underpinned by stable rental income, strong expansion in the real
estate portfolio as well as profit from the sale of real estate. Pending
the approval of the annual financial statements by the Supervisory Board on
April 17, 2008, the shareholders will be asked to approve a dividend of EUR
0.10 per share at the annual general meeting on June 20, 2008.

Revenues rose by 36 percent from EUR 107.3 million in 2006 to EUR 146.1
million in 2007. Earnings before taxes (EBT) surged five-fold to EUR 31.1
million (2006: EUR 6.4 million). At the same time, TAG’s total assets
climbed by 29 percent to approximately EUR 890 million. Ongoing project and
portfolio development efforts at all locations helped to unlock sustained
added value across the entire real estate portfolio.

Says Andreas Ibel, chairman of TAG’s management board: 'We successfully
reached our ambitious targets in 2007. As a result, TAG’s earnings rose by
a disproportionately strong rate, creating the basis for steady growth.
However, there is a major discrepancy between real estate companies’
operating performance and their market capitalization.'

TAG Gewerbeimmobilien-Aktiengesellschaft, which is registered as a
pre-REIT, systematically continued to focus on office real estate. In order
to optimize its REIT portfolio, it acquired attractive packages of
commercial real estate in metropolitan regions around Germany. At the end
of 2007, the portfolio had a volume of around EUR 400 million and is
generating stable cash flows. At the same time, it offers considerable
potential for development thanks to different lease durations.

In the residential real estate segment, TAG focused on project and
portfolio development activities via its subsidiary Bau-Verein zu Hamburg
and generated attractive earnings and cash flows. With the sale of the
'Wohnen und Arbeiten am Stadtpark' project in Hamburg in December 2007, it
was able to realize good earnings following successful project development

By strategically pooling its service activities in TAG Asset Management
GmbH, TAG has been able to boost income from service business
substantially. In addition, TAG set up a joint venture with HSH Real Estate
AG, a subsidiary of HSH Nordbank AG, in the property and asset management
area for commercial real estate, thus strengthening its service activities.
The new company manages a portfolio of commercial real estate worth an
initial EUR 1.2 billion.

The final figures for fiscal 2007 will be released on April 24, 2008.

Press inquiries:

TAG Tegernsee Immobilien- und
Head of investor and public relations 
Kirsten Schleicher

Tel. +49 (0) 40 380 32,300
Fax +49 (0) 40 380 32 388

20.03.2008  Financial News transmitted by DGAP
Language:     English
Issuer:       TAG Tegernsee Immobilien u. Beteiligungs AG
              Steckelhörn 9
              20457 Hamburg
Phone:        +49 (0)40 380 32 300
Fax:          +49 (0)40 380 32 399
ISIN:         DE0008303504
WKN:          830350
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News                                     DGAP News-Service