ADLER Real Estate AG

Declaration of Voting Results & Voting Rights Announcements • Feb 20, 2008

News Details

Voting Rights Announcements | 20 February 2008 15:18

Adler Real Estate AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Adler Real Estate AG / Release of an announcement according to Article 21, Section 1 of the WpHG [the German Securities Trading Act] (share)

Release of a Voting Rights announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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The following notifications of voting rights ('Stimmrechtsmitteilung') in
our company Adler Real Estate AG according to Sec. 21, 22 WpHG were sent to
us on February 8, 2008:

Third Avenue Real Estate Opportunities Fund, L.P., New York, NY 10017, USA:

We hereby give notice, pursuant to sec. 21 para. 1 of the German Securities
Trading Act ('WpHG'), that on February 7, 2008 our voting interest in Adler
Real Estate AG, Neuer Wall, 20354 Hamburg, Germany (the 'Issuer'), exceeded
the treshold of 5% and amounts to 5.31% (corresponding to 795,892 voting
rights of the Issuer) on this day.

W. James Hall,
on behalf of Third Avenue Real Estate Opportunities Fund, L.P.

Third Avenue Management LLC, New York, NY 10017, USA:

We hereby give notice, pursuant to sec. 21 para. 1 of the WpHG, that on
February 7, 2008 our voting interest in Adler Real Estate AG, Neuer Wall
77, 20354 Hamburg, Germany, exceeded the threshold of 5% and amounts to
5.31% (corresponding to 795,892 voting rights of the Issuer) on this day.

5.31% of the voting rights (corresponding to 795,892 voting rights) are
attributable to us in accordance with sec. 22 para. 1 sent. 1 no. 1 and
sec. 22 para. 1 sent. 1 no. 6 of the WpHG. Voting rights are attributed to
us through Third Avenue Real Estate Opportunities Management LLC and Third
Avenue Real Estate Opportunities Fund, L.P. as controlled undertakings and
by Third Avenue Real Estate Opportunities Fund, L.P. which holds directly
3% or more of the voting rights.

W. James Hall,
on behalf of Third Avenue Management LLC

Third Avenue Real Estate Opportunities Management LLC, New York, NY 10017,
USA:

We hereby give notice, pursuant to sec. 21 para. 1 of the WpHG, that on
February 7, 2008 our voting interest in Adler Real Estate AG, Neuer Wall
77, 20354 Hamburg, Germany, exceeded the threshold of 5% and amounts to
5.31% (corresponding to 795,892 voting rights of the Issuer) on this day.

5.31% of the voting rights (corresponding to 795,892 voting rights) are
attributable to us in accordance with sec. 22 para. 1 sent. 1 no. 1 of the
WpHG. The chain of controlled undertakings through which the voting rights
are held is: Third Avenue Real Estate Opportunities Fund, L.P.

W. James Hall,
on behalf of Third Avenue Real Estate Opportunities Management LLC

20.02.2008 Financial News transmitted by DGAP

Language: English
Issuer: Adler Real Estate AG
Neuer Wall 77
20354 Hamburg
Deutschland
Internet: www.adler-ag.de

End of News DGAP News-Service

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