TAG Tegernsee Immobilien u. Beteiligungs AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

TAG Tegernsee Immobilien u. Beteiligungs AG / Release of an announcement according to Article 21 of the WpHG [the German Securities Trading Act] (share)Release of a Voting Rights announcement, transmitted by DGAP - a company ofEquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------Morgan Stanley, Wilmington,  USA,  has notified us on its own behalf and onbehalf of such further subsidiaries as mentioned blow pursuant Section 21para. 1 and Section 24 WpHG that:1. Morgan Stanley & Co. International plc, London, United Kingdom, onSeptember 13, 2007 has exceeded the threshold of 3% and of 5% of the votingrights of TAG Tegernsee Immobilien und Beteiligungs AG, Steckelhörn 9,20457 Hamburg, Germany, ISIN: DE0008303504, WKN: 830350, and on that dayheld 6.21% of the voting rights (= 2,021,839 shares, each carrying onevoting right); and2. Each of the following holding entities of Morgan Stanley & Co.International plci. Morgan Stanley, (Wilmington/USA)ii. Morgan Stanley International Incorporated (Wilmington/USA)iii. Morgan Stanley International Holding Inc. (Wilmington/USA)iv. Morgan Stanley International Limited (London/UK)v. Morgan Stanley Group (Europe) (London/UK)vi. Morgan Stanley UK Group (London/UK)on September 13, 2007, has also exceeded the threshold of 3% and 5% of thevoting rights of TAG Tegernsee Immobilien u. Beteiligungs AG, Hamburg,Germany, ISIN: DE0008303504, WKN: 830350.Each of the holding entities mentioned unter (ii) to (vi) on that day hold6.21% (= 2,021,839 shares, each carrying one voting right), whereby 6.21%of the aforementioned voting rights, which are directly held by MorganStanley & Co. International plc, London have to be attributed to each ofthe entities mentioned above under (ii) to (vi), which hold 3% or more ofthe voting rights, pursuant to Section 22 para. 1 sent. 1 no.1 WpHG. Ineach case the attribution to each of the entities set forth under (ii) to(vi) above occurs through each of the entities mentioned below therespective entity.The holding entity mentioned unter (i) on that day holds 6.24 % (=2,030,729 shares, each carrying one voting right), whereby 6.21% of theaforementioned voting rights, have to be attributed to the entity mentionedunder (i), pursuant to Section 22 para. 1 sent. 1 no. 1 WpHG. The chain ofcontrolled undertakings (which hold 3% or more of the voting rights)through which the shares are held is: Morgan Stanley & Co. Internationalplc, Morgan Stanley UK Group, Morgan Stanley Group (Europe), Morgan StanleyInternational Limited, Morgan Stanley International Holdings Inc. andMorgan Stanley International Incorporated.3. Morgan Stanley & Co. International plc, London, United Kingdom, onSeptember 14, 2007, has fallen below the threshold of 5% and 3% of thevoting rights of TAG Tegernsee Immobilien u. Beteiligungs AG, Hamburg,Germany, ISIN: DE0008303504, WKN: 830350 and on that day holds 0% of thevoting rights (=0 shares); and4. Each of the following holding entities of Morgan Stanley & Co.International plc(i). Morgan Stanley, The Corporation Trust Company (Wilmington/USA)(ii). Morgan Stanley International Incorporated (Wilmington/USA)(iii) Morgan Stanley International Holding Inc. (Wilmington/USA)(iv). Morgan Stanley International Limited (London/UK)(v). Morgan Stanley Group (Europe) (London/UK)(vi). Morgan Stanley UK Group (London/UK)on September 14, 2007, has also fallen below the threshold of 5% and 3% ofthe voting rights of TAG Tegernsee Immobilien u. Beteiligungs AG, Hamburg,Deutschland, ISIN: DE0008303504, WKN: 830350 and on that day holds 0% ofthe voting rights (=0 shares).15.10.2007  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       TAG Tegernsee Immobilien u. Beteiligungs AG              Steckelhörn 9              20457 Hamburg              DeutschlandInternet:     www.tag-ag.com End of News                                     DGAP News-Service ---------------------------------------------------------------------------