Fair Value REIT-AG

Share Issue/Capital Change • Nov 14, 2007

News Details

Ad-hoc | 14 November 2007 19:36

Fair Value Immobilien-Aktiengesellschaft has scheduled initial listing in the Prime Standard for November 16, 2007

Fair Value Immobilien-AG / IPO

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, November 14, 2007 – Fair Value Immobilien-Aktiengesellschaft (Fair
Value) is planning an initial listing on Frankfurt Stock Exchange's
regulated market (Prime Standard) on November 16, 2007. A total of
9,406,882 no-par value bearer shares are to be included in trading with
German securities code number (WKN) A0MW97 (ISIN DE000A0MW975). The shares
have a proportionate interest in the share capital of EUR 5.00 per share
and carry full dividend rights from January 1, 2007. The securities
prospectus approved today by the German Financial Services Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) can be
downloaded at www.fair-value-reit.de.

Prior to Fair Value's admission to the stock exchange, the company placed
480,000 new bearer shares at an issuing price of EUR 10.50 as part of a
private placement, increasing the share capital to EUR 47.03 million and
resulting in gross proceeds from the issue totaling EUR 5.04 million for
the company. This capital increase was entered in the commercial register
on November 9, 2007. The initial listing is being supported by WestLB AG.

Important note:

This information does not constitute an offer to sell or an instruction to
buy securities of Fair Value Immobilien-Aktiengesellschaft, neither in the
Federal Republic of Germany nor in any other countries. It is exclusively
for information purposes. Shares of Fair Value
Immobilien-Aktiengesellschaft ('the company') are not publicly offered for
purchase, in particular not in the United States of America (USA), Canada,
Japan, Australia or the United Kingdom. Securities may only be sold or
offered for sale in the USA with prior registration according to the
requirements of the U.S. Securities Act of 1933 in the current applicable
version. The company’s shares are not and will not be registered according
to the Securities Act.
The information included in this ad hoc disclosure may not be disseminated
within the United States of America, to 'U.S. persons' (within the meaning
of Regulation S, in particular Rule 902 (c) of the U.S. Securities Act of
1933 in its current relevant version) or in publications generally
distributed in the United States, Canada, Japan, Australia or the United
Kingdom.
Any violation of this restriction can constitute infringement of the
securities regulations in specific countries, in particular in the United
States, Canada, Japan, Australia or the United Kingdom. Any decision to
invest in shares of the company must be based exclusively on the securities
prospectus, which has been published at www.fair-value-reit.de and which is
available at the company’s address free of charge.

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Information and Explaination of the Issuer to this News:

Information on Fair Value for this ad hoc disclosure

Company profile
Munich-based Fair Value Immobilien-Aktiengesellschaft focuses on the
acquisition, rental, property management and sale of commercial properties
in Germany. Its investment activities focus primarily on offices, logistics
and retail properties in German regional centers. Fair Value is already
registered as a pre-REIT and thus benefits from the exit tax privilege when
making acquisitions or the waiver of corporation and trade tax. 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 the summer of
2007 the company acquired interests in 14 closed-end real estate funds,
allowing more than 2,000 investors in these real estate funds to convert
their interests into shares of Fair Value. As a result of the successful
transaction, Fair Value participates in a highly diversified portfolio of
52 properties with a total rental area of more than 450,000 m² and a market
value of around EUR 600 million. In addition, Fair Value has secured itself
a portfolio of 33 commercial properties with a rental area of more than
45,400 m² as well as an office building to be constructed at Düsseldorf
Airport with a total rental area of 4,600 m². A high rental level of more
than 90% in terms of the total rentable area ensures sustained income.

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

14.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: Fair Value Immobilien-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)

Notierung vorgesehen / designated to be listed

End of News DGAP News-Service

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