Fair Value REIT-AG

Regulatory Filings • Dec 6, 2007

News Details

Ad-hoc | 6 December 2007 19:26

Fair Value Immobilien-Aktiengesellschaft obtains REIT status

Fair Value REIT-AG / Miscellaneous

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, December 06, 2007 – Fair Value Immobilien-Aktiengesellschaft, a
real estate company focusing on the acquisition of interests in closed-end
real estate funds and the direct acquisition of commercial properties, was
today registered as a REIT (Real Estate Investment Trust)
Aktiengesellschaft (German Public Limited Company) in the commercial
register. The company will thus be known as Fair Value REIT-AG as of today.
The shares of Fair Value currently listed in Frankfurt Stock Exchange's
regulated market (Prime Standard) shall be traded in Deutsche Börse AG's
REITs segment in future. Fair Value REIT-AG is exempt from corporation and
trade tax retroactively as of January 1, 2007.

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Information and Explaination of the Issuer to this News:

Company profile

Fair Value REIT-AG is an independent real estate company and focuses on the
acquisition and management of top quality commercial properties. The
investment focus lies on office, retail and logistics premises with
long-term leases and commercial parks in attractive locations. These
include, in particular, medium-sized cities and regional centers. As a
REIT-AG, Fair Value benefits from the Exit Tax privilege when acquiring
real estate. Under certain conditions, profits generated by companies from
the sale of real estate to a REIT-AG are 50% tax-free (exit tax privilege).
Fair Value REIT-AG is exempt from corporation and trade tax retroactively
as of January 1, 2007. The participation in both closed-end funds and
direct investments are distinctive features of Fair Value. In summer 2007,
the company has acquired participation in 14 closed-end IC/BBV real estate
funds, when approximately 2,100 investors made use of the possibility to
exchange their units against shares of Fair Value. Moreover, fund
investor’s availed of Fair Value’s offer of selling their interest against
payment of the purchasing price. After this successful transaction Fair
Value participates in a widely diversified portfolio of 52 properties with
a total rental area of more than 450,000 sqm and a market value of
approximately 600 million EUR (Fair Value’s share equals approximately 246
million EUR). In addition, Fair Value has secured itself a portfolio of 33
commercial properties (mostly used as branch banks) with a rental area of
more than 45,400 m² as well as an office building to be constructed with a
total rental area of 4,600 m². A high economic occupancy rate of more than
95% with regards to attainable rents enables sustainable profits.

Investor & Media Relations
cometis AG
Ulrich Wiehle
Tel.: +49(0)611 – 205855-11
Fax: +49(0)611 – 205855-66
e-mail: wiehle@cometis.de
06.12.2007 Financial News transmitted by DGAP

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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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Stuttgart, München

End of News DGAP News-Service

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