Deutsche Wohnen SE — Earnings Release 2007

May 3, 2007

News Details

Corporate | 3 May 2007 13:19

Q1-results Deutsche Wohnen: Privatization effects lead to a loss of EUR 3.2 million

Deutsche Wohnen AG / Quarter Results

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For the first quarter 2007 Deutsche Wohnen will show a loss of
approximately EUR 3.2 million within Groups income statement (first quarter
2006: profit after tax of EUR 3.1 million).

One reason is an obviously decreased number of residential privatizations
with effect on the balance sheet. 156 privatizations have been notarized in
Q1 2007, but only four privatizations (compared to 128 in Q1 2006) had an
effect on the balance sheet as at March 31, 2007.

A further reason is based on the situation regarding an undeveloped area
within the property portfolio. This area was sold in 2005, but with
sufficient probability it can not longer be assumed that the sales contract
will become effective in law (this issue was already mentioned in the
Management Reports 2005 and 2006). Due to this a value adjustment of EUR
2.2 million was made.

An influence of these privatization effects for the forecasted profit after
tax 2007 of EUR 15 million ceteris paribus can not be excluded by the
Management Board.

Publication date of the Q1-report is May 29, 2007.

Hubert Bonn
Head of Investor & Public Relations
Phone: +49 6131 6397 116
email: hubert.bonn@deuwo.com

DGAP 03.05.2007

Language: English
Issuer: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main Deutschland
Phone: +49 (0)6131-6397-116
Fax: +49 (0)6131-6397-199
E-mail: hubert.bonn@deuwo.com
www: www.deutsche-wohnen.de
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart

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