PATRIZIA AG

Share Issue/Capital Change • Apr 4, 2006

News Details

Corporate | 4 April 2006 18:29

PATRIZIA Immobilien AG: Greenshoe option fully exercised

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— IPO of PATRIZIA Immobilien AG: Greenshoe option fully exercised Augsburg/Frankfurt – April 4, 2006. Today, Deutsche Bank fully exercised the Greenshoe option, granted to the underwriters in connection with the initial public offering of PATRIZIA Immobilien AG (“PATRIZIA”), to subscribe for up to approximately 13.9% of the original issue volume of 19,120,000 shares at the offer price (EUR 18.50 per share). As a result, the total issue volume increased by 2,650,000 shares to 21,770,000 shares. At the offer price, the total issue volume, including the Greenshoe shares, amounts to approximately EUR 403 million. Due to the exercise of the Greenshoe option, the stabilization period is terminated. No stabilization measures were undertaken by Deutsche Bank as stabilization manager during the stabilization period. Principal shareholder First Capital Partner GmbH, which is controlled by the family of PATRIZIA founder and CEO Wolfgang Egger, provided the shares for the exercise of the Greenshoe option. As a result, the stake of First Capital Partner GmbH in PATRIZIA was reduced to slightly over 50.0%. The total number of shares placed in the initial public offering of PATRIZIA, and, accordingly, PATRIZIA’s free float, amounts to approximately 45.9% of PATRIZIA’s share capital. ISIN: DE000PAT1AG3 WKN: PAT1AG Admission: Official Market (Prime Standard), Frankfurt Stock Exchange The information contained in this press release is not for publication or distribution in the United States of America. This press release does not constitute an offer to sell or the solicitation of an offer to purchase the shares of Patrizia Immobilien AG. The shares offered in connection with the initial public offering have already been placed. This press release is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities to be made in the United States of America will be made by means of a prospectus that may be obtained from PATRIZIA Immobilien AG and that will contain detailed information about the company and management, as well as financial statements. The information contained in this press release is not for publication or distribution in the United States of America. This press release is directed at and/or for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being together referred to as “relevant persons”). This ad hoc announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this ad hoc announcement or any of its contents. Any investment or investment activity to which this ad hoc announcement relates is available only to relevant persons and will be engaged in only with relevant persons. The information contained in this press release is not an offer of securities for sale and is not for publication or distribution in the United States of America, Canada, Australia or Japan. Contact: Astrid Schüler PATRIZIA Immobilien AG Tel: (0821) 5 09 10-623 Fax: (0821) 5 09 10-695 astrid.schueler@patrizia.ag The information contained in this press release is not for publication or distribution in the United States of America. (c)DGAP 04.04.2006 ————————————————————————— language: English emitter: PATRIZIA Immobilien AG Fuggerstraße 26 86150 Augsburg Deutschland phone: +49 (0)821 – 509 10-000 fax: +49 (0)821 – 509 10-999 email: investor.relations@patrizia.ag WWW: www.patrizia.ag ISIN: DE000PAT1AG3 WKN: PAT1AG indexes: stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, München, Stuttgart End of News DGAP News-Service —————————————————————————