PATRIZIA AG

Share Issue/Capital Change • Jan 9, 2007

News Details

Ad-hoc | 9 January 2007 19:05

PATRIZIA Immobilien AG plans to issue up to 4.73 mm new shares to finance recent and future portfolio acquisitions

PATRIZIA Immobilien AG / Capital Increase

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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Ad-hoc press release pursuant to Section 15 of the German Securities
Trading Act (WpHG):

PATRIZIA Immobilien AG plans to issue up to 4.73mm new shares to finance
recent and future portfolio acquisitions

Placement of new shares via Accelerated Bookbuilding

Augsburg, 9 January 2007: The management board of PATRIZIA Immobilien AG
(ISIN: DE000PAT1AG3) ('PATRIZIA') has decided today, with the approval of
the Supervisory board, to issue up to 4,730,000 new ordinary shares through
a capital increase against cash contributions.

The proceeds are intended to finance both already acquired real estate
portfolios and future acquisitions.

The new shares represent approx. up to 9.98% of PATRIZIA’s registered share
capital and are offered by means of an Accelerated Bookbuilding to German
and international institutional investors only.

The cash-capital increase is based on PATRIZIA’s authorised capital
resolved by the shareholders’ meeting on February 23, 2006 and is contained
in the company’s articles of association. The new shares are offered
without pre-emptive rights for existing shareholders.

The placement of the new shares is expected to close tomorrow. The exact
proceeds from the offering will be announced following the pricing of the
transaction.

Following the capital increase First Capital Partner’s share in PATRIZIA is
expected to be reduced from 50.02% to 45.48%, while the free float will
presumably increase to 54.52%. According to PATRIZIA’s CEO, Mr. Wolfgang
Egger, First Capital Partner has no intention to sell any PATRIZIA shares
in the medium term and will continue to be a long-term core shareholder in
PATRIZIA.

JPMorgan is acting as Sole Bookrunner of the transaction.

The Managing Board

Augsburg, January 9, 2007

PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
D-86150 Augsburg
Germany

Admitted to trading on the Official Market (Prime Standard) of the
Frankfurt Stock Exchange.

ISIN: DE000PAT1AG3
SIN: PAT1AG

The information contained herein may be not be, directly or indirectly,
published or distributed in the United States of America, Canada, Australia
or Japan. This announcement is not an offer to sell or to issue securities
and not soliciting an offer to buy or to subscribe for the securities named
herein and does not form part of any such offer or solicitation. The
placement of shares and the distribution of this announcement and further
information in connection with the placement may be subject to legal
restrictions in certain jurisdictions and persons who receive documents
referred to in this announcement or any other information are responsible
to comply with and inform themselves about the applicable legal
restrictions. The non-compliance with any of these restrictions may violate
the securities laws in the relevant jurisdiction.

All securities referred to in this announcement have not been, and will not
be, registered under the U. S. Securities Act of 1933.(the 'Securities
Act') and may not be offered or sold within the U. S or to or for the
account or benefit of U.S.- Persons (as defined in the Securities Act)
unless they have been registered or exempt from the registration
requirement under the Securities Act. The company does not and will not
offer any securities within the United States.

This announcement is neither an offer to sell securities within Germany nor
a prospectus in accordance with the German Securities Prospectus Act
('Wertpapierprospektgesetz'), the Commission Regulation (EC) No 809/2004 of
April 29, 2004 or any other legal provisions applicable in Germany with
respect to the issue, offer and sale of securities.

Contact:

Investor Relations

Claudia Kellert
Phone +49 (0)821 509 10-360
Fax:+49 (0)821 509 10-399
investor.relations@patrizia.ag

Press

Astrid Schüler
Phone +49 (0)821 509 10-623
Fax +49 (0)821 509 10-695
presse@patrizia.ag

DGAP 09.01.2007

Language: English
Issuer: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg Deutschland
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
WWW: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, München, Hamburg, Düsseldorf, Stuttgart

End of News DGAP News-Service

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