Fair Value REIT-AG

Board/Management Information • Aug 31, 2009

News Details

Ad-hoc | 31 August 2009 10:24

Fair Value REIT-AG: Member of the Managing Board Manfred Heiler resigns from office by his own request as of September 30, 2009

Fair Value REIT-AG / Change of Personnel

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Munich, August 31, 2009 - Due to reaching retirement age, Manfred Heiler,
Member of the Managing Board of Fair Value REIT-AG, will resign from office
by his own request as of September 30, 2009.

The Supervisory Board and the Managing Board thank Mr. Heiler for the good
and trustful collaboration. Mr. Heiler will stay in close contacts with the
company. For the time being the company does not intend to restaff the
position.

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Information and Explaination of the Issuer to this News:

Company profile

Munich-based Fair Value REIT-AG focuses on the acquisition, leasing,
property management and sale of commercial properties in Germany. Its
investment activities focus primarily on offices, logistics and retail
properties in German regional centers. As a REIT-AG, Fair Value is not
subject to corporation or trade tax and benefits from the exit tax
privilege when purchasing properties. Fair Value's USP is that - in
addition to investing directly in real estate - it also acquires interests
in closed-end real estate funds.

In it's 'Participations' segment Fair Value currently holds interests in a
highly diversified portfolio of 48 properties with a total rental area of
413.658 m² and a market value of around EUR 499 million as of December 31,
2008 (Fair Value's interest in this portfolio currently totals around EUR
197.4 million).

In its 'Direct Investments' segment, Fair Value owns a portfolio of 32
commercial properties in Schleswig-Holstein. These have a rental area of
more than 42,948 m² and are mostly used as bank branches. These properties
had a total market value of around EUR 47.3 million as of December 31,
2008.

On June 30, 2009, Fair Value's share of the entire portfolio had a market
value of around EUR 245 million. As of June 30, 2009, this proportionate
portfolio had an occupancy level of 95.0% of the potential rent of EUR 21.0
million. The rental agreements had a weighted remaining term of 6.5 years
on June 30, 2009. Around 45% of the potential rent stem from retail
facilities, 40% from offices, 9% are from logistics facilities and 6% from
other facilities.

Contact

Investor & Media Relations
cometis AG
Dirk Stauer
Phone: +49(0)611 - 205855-22
Fax: +49(0)611 - 205855-66
E-mail: stauer@cometis.de

31.08.2009 Financial News transmitted by DGAP

Language: English
Issuer: Fair Value REIT-AG
Leopoldstraße 244
80807 München
Deutschland
Phone: +49 (0)89 9292 815-01
Fax: +49 (0)89 9292 815-15
E-mail: info@fair-value-reit.de
Internet: www.fair-value-reit.de
ISIN: DE000A0MW975
WKN: A0MW97
Indices: RX REIT All Share Index, RX REIT Index
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Stuttgart

End of News DGAP News-Service

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