alstria office REIT-AG

Transaction in Own Shares • Nov 6, 2007

News Details

Other Capital Market Information | 6 November 2007 14:31

alstria office REIT-AG: Announcement in accordance with Art. 4 para. 2 of the Commission Regulation (EC) No. 2273/2003 of December 22, 2003

alstria office REIT-AG / Disclosure of buy-back of own shares

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

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Announcement in accordance with Art. 4 para. 2 of the Commission Regulation
(EC) No. 2273/2003 of December 22, 2003

alstria office REIT-AG, Hamburg
Wertpapier-AOLD2U
ISIN DE000A0LD2U1

Disclosure of buy-back of own shares

The shareholders´ meeting of alstria office REIT-AG (alstria) authorized
the company on March 15, 2007 to buy back own shares until September 14,
2008 up to a total of 10 percent of the share capital. On November 6, 2007,
the Management Board of alstria resolved to buy back own shares on the
basis of such authorization. It is intended to buy back up to 2.5 percent
of the issued shares (this corresponds with up to 1.4 million shares).
Under the assumption of the current market price of alstria office, this
corresponds to a total amount of up to approximately EUR 15 million. With
such share buy-back, the Company will achieve the possibility, by taking
advantage of the current low stock market price, to flexibly use the
bought-back shares within the scope of the authorization granted by the
shareholders' meeting.

The buy-back of shares will commence on November 7, 2007 and will be
completed by September 14, 2008 at the latest. The share buy-back will be
effected over the stock exchange. The consideration per share must not
exceed the average market price of the shares on the Frankfurt Stock
Exchange during the last three trading days prior to the acquisition of the
shares, based on the arithmetic means of the Xetra trading's final auction
prices, by more than ten percent and must not fall short by more than
twenty percent of such arithmetic means (in each case not including
incidental acquisition costs). The share buy-back will be executed by a
credit institute which will make its trading decisions in relation to the
shares of the Company independently of, and without influence by, the
Company with regard to the timing of the purchases in accordance with Art.
6 para. 3b of the Commission Regulation (EC) No. 2273/2003 of December 22,
2003 ('Safe Harbour Regulation'). In particular, it is obliged to obey the
conditions for trading of Art. 5 of the Safe Harbour Regulation. In
connection with the calculation the permitted average daily volume pursuant
to Art. 5 para. 2 of the Safe Harbour Regulation 2 the average trading
volume during the month preceeding the month of public disclosure of the
share buy-back programme must be considered.

The Management Board can stop the share buy-back programme at any time and
- subject to the insider rules of the German Securities Trading Act (WpHG)
- reactivate it.

The Company will publicly disclose within seven trading days following a
respective acquisition under www.alstria.de information about the own
shares bought back including the date, the number of shares acquired and
the volume-weighted average share price.

Hamburg, November 6, 2007

The Management Board

06.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: alstria office REIT-AG
Fuhlentwiete 12
20355 Hamburg
Deutschland
Internet: www.alstria.de

End of News DGAP News-Service

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