Announcement

Takeover process brings TAG Immobilien AG's share in Colonia Real Estate AG to over 30%

TAG Immobilien AG / Key word(s): Miscellaneous05.01.2011 / 18:47 PRESS RELEASE TAG Immobilien AG has

Takeover process brings TAG Immobilien AG's share in Colonia Real Estate AG to over 30%


TAG Immobilien AG / Key word(s): Miscellaneous

05.01.2011 / 18:47

PRESS RELEASE

TAG Immobilien AG has already exceeded 30% threshold for share capital and voting rights in Colonia Real Estate AG

- Offer price per CRE share to remain at EUR 5.55

- Offer period runs through 18 January 2011

Hamburg (5 January 2011) - The management of TAG Immobilien AG ('TAG' in the following) announces that further shareholders of Colonia Real Estate AG ('CRE' in the following) have tendered their shares to TAG in connection with the voluntary public takeover bid. Including the shares it already held earlier, and pending the completion of the takeover process, TAG now holds more than 30% of the share capital and voting rights in CRE.

Against this backdrop, TAG has ruled out a subsequent increase of the price of EUR 5.55 per CRE share. TAG also points out that its agreement to support CRE in possibly refinancing the convertible bond that will become due in the event of a change of control and/ or in November 2011, doesn't come into force until TAG's holding exceeds 50%.

Reaching the 30% threshold means that the company is no longer required to extend a mandatory takeover offer to CRE shareholders.

The next reporting date in accordance with §23 Section 1 Sentence 1 No. 1 is 10 January 2011. TAG will publish an update on its holdings of CRE share capital and voting rights on this day. The deadline for accepting this takeover offer is midnight on 18 January 2011 (CET), provided it is not extended by the legal provisions of Germany's Takeover Act.

Press enquiries:
TAG Immobilien AG
Investor & Public Relations
Britta Lackenbauer / Dominique Mann
Phone. +49 40 380 32 300
Fax +49 40 380 32 390
pr@tag-ag.com



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
End of News DGAP News-Service

108252  05.01.2011