Deutsche Wohnen SE — Capital/Financing Update 2009

Oct 8, 2009

News Details

Corporate | 8 October 2009 11:23

Deutsche Wohnen AG: Rights issue of Deutsche Wohnen AG successful – take-up quota of new shares at 132.3%

Deutsche Wohnen AG / Capital Increase

08.10.2009

Dissemination of a Corporate News, transmitted by
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The issuer / publisher is solely responsible for the content of this announcement.

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CORPORATE NEWS

Rights issue of Deutsche Wohnen AG successful - take-up quota of new shares
at 132.3%

Frankfurt am Main, 8 October 2009. The capital increase of Deutsche Wohnen
AG, the subscription period of which terminated yesterday, was positively
received by the shareholders of the company. In the course of the capital
increase 55,440,000 new ordinary bearer shares without par value
(non-par-value shares), each representing a pro rata amount of the share
capital of EUR 1.00 per share and carrying dividend rights from 1 January
2009 were issued against contributions in cash. Shareholders of the company
were granted subscription rights. The subscription price was set at EUR
4.50 per share. The new shares are expected to be traded on the Frankfurt
Stock Exchange from 9 October 2009.

Holders of subscription rights were able to acquire 21 new shares in return
for ten subscription rights held. OCM Luxembourg Real Estate Investments
S.à r.l. and OCM Luxembourg Opportunities Investments S.à r.l. have
subscribed for shares in the total amount of EUR 54.8 m corresponding to
22.0 % of the total volume of the transaction.

The take-up quota (including additional subscription rights) was approx.
132.3 %, thereof 99.9 % were subscribed for by exercising subscription
rights and an additional 32.3 % by exercising additional subscription
rights in the subscription offer. New shares, for which the subscription
rights were exercised, will be fully allocated to the subscription right
holders. With regard to the exercised additional subscription rights, the
remaining new shares will be allocated as described in the German Offering
Circular published on 22 September 2009. The share capital of Deutsche
Wohnen AG has been increased by EUR 55.44 m from EUR 26.4 m to EUR 81.8 m,
upon the registration of the implementation of the capital increase with
the commercial register on 7 October 2009. The offer is expected to
conclude on 9 October 2009.

The aggregate gross proceeds from the capital increase will amount to
approx. EUR 249.5 m. It is envisaged that about half of the expected
aggregate net proceeds of approx. EUR 236.5 m will be used to reduce
liabilities of the Deutsche Wohnen Group.

Michael Zahn, Chairman of the Management Board of Deutsche Wohnen AG,
comments on the capital increase: 'The capital increase strengthens our
financial resources and allows us to benefit from the currently unsettled
property market by means of selective asset purchases. We are pleased that
the shareholders of Deutsche Wohnen fully support our strategy, including
the capital increase.'

BofA Merrill Lynch and UBS Investment Bank fully underwrote the capital
increase and managed the transaction as Joint Global Coordinators and Joint
Bookrunners.

This information is available on the internet at www.deutsche-wohnen.com

Deutsche Wohnen AG

Deutsche Wohnen AG is, according to its own estimates, Germany's
second-largest publicly traded residential real estate company, measured in
terms of market capitalization, and property portfolio, which currently
includes 50,611 units (50,122 of which are residential units). Its business
strategy focuses on attractive residential properties, currently in the
important business centers of Berlin and the Rhine-Main area. The Deutsche
Wohnen Group is, inter alia, the owner of the Hufeisensiedlung in Britz,
the Weiße Stadt in Berlin-Reinickendorf and the Ringsiedlung Siemensstadt,
which were declared UNESCO World Heritage sites in July 2008.

Deutsche Wohnen AG

Pfaffenwiese 300

65929 Frankfurt am Main

Germany

International Securities Identification Numbers (ISINs): DE000A0HN5C6 /
DE0006283302 / DE000A0XFUU5

Contact:

Tanja Kurz

Vorstandsassistenz IR

Tel.: +49 (0)30 897 86-551

ir@deutsche-wohnen.com

This information neither constitutes a prospectus, nor an offer or an
invitation to purchase shares or other securities of Deutsche Wohnen AG nor
does it replace the prospectus. Subject to the approval of the Federal
Agency for Financial Services Supervision (Bundesanstalt für
Finanzdienstleistungsaufsicht; BaFin), a prospectus was published before
the commencement of the subscription period, which is available free of
charge from Deutsche Wohnen AG and the underwriting banks. This information
does not constitute an offer to sell or buy securities in the USA, Canada,
Australia and Japan. The shares of Deutsche Wohnen AG are allowed to be
offered or sold in the USA only after prior registration in accordance with
the provisions of the U.S. Securities Act 1993, as amended, or on the basis
of a registration exemption. There will be no public offering of shares in
the USA.

This information contains forward-looking statements that are based upon
current views and assumptions of Deutsche Wohnen AG's management and were
made to its best knowledge. Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors which could cause the
earnings position, profitability, performance or the results of Deutsche
Wohnen AG or the success of the housing industry to differ materially from
the earnings position, profitability, performance or the results expressly
or implicitly assumed or described in these forward-looking statements. In
consideration of these risks, uncertainties and other factors, persons
receiving these documents are advised not to unreasonably rely on these
forward-looking statements. Deutsche Wohnen AG does not assume any
obligation to update such forward-looking statements and to adjust them to
any future results and developments.

08.10.2009 Financial News transmitted by DGAP

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Language: English
Company: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt
Deutschland
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-509
E-mail: ir@deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hamburg, Stuttgart

End of News DGAP News-Service

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