DIC Asset AG — Board/Management Information 2005

May 2, 2005

News Details

Corporate | 2 May 2005 11:14

DIC Asset AG appoints Jürgen Overath as Member of the Management Board

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— The Supervisory Board of DIC Asset AG, Frankfurt, has appointed Jürgen Overath as Chief Operating Officer. With effect from June 2005, Overath will succeed Rüdiger Weitzel, who has left the company. Jürgen Overath, a business economist, is considered an expert in the field of corporate real estate management, in particular in the acquisition and development of real estate portfolios. DIC Asset AG is quoted on the Munich and Stuttgart Stock Exchanges and currently manages real estate assets totaling over Euro 300 million with excellent occupancy rates. Included in this total are the German headquarters of eBay in Berlin and a real estate portfolio of around 60 properties in good to very good locations in downtown Frankfurt acquired from Frankfurter Sparkasse. In its recently released annual report for 2004, DIC Asset AG reported a five- fold increase in group net profit to approx. Euro 2.5 million. The Executive Board and Supervisory Board will be proposing an increase in the dividend to Euro 0.35 per share at the Annual Shareholders” Meeting on July 19, 2005. About DIC Asset AG (ISIN: DE0005098044, Ticker: DAZ) DIC Asset AG is a public limited company in the real estate sector listed on the Stock Exchange, specializing in portfolio and asset management of commercially-used real estate, in particular office and retail properties. DIC Asset AG”s real estate portfolio includes, amongst others, the German headquarters of eBay in Berlin, the Head Office of Siemens Building Technologies in Frankfurt am Main and a portfolio of approx. 60 properties in good to very good locations in Frankfurt, let to Frankfurter Sparkasse as main tenant. Ansprechpartner DIC DIC Asset AG Grünhof · Eschersheimer Landstraße 223 60320 Frankfurt am Main Germany Tel. +49 69 27 40 33-10 Fax +49 69 27 40 33-70 http://www.dic-ag.de Press contact Jochen Goetzelmann LinusContent AG Tel. +49 69 90 74 88 80 Fax +49 69 74 22 16 17 goetzelmann@linuscontent.com Important Notice regarding Forward-Looking Statements: This press release contains statements concerning the future based on assumptions and estimates. Actual future developments and actual future results may differ considerably from these assumptions and estimates due to a range of uncertain factors. Should any of these uncertain factors or other unpredictable developments take effect, or the assumptions on which the statements were based prove to be incorrect, the actual results could differ substantially from the results quoted in these statements or implicitly expressed therein. We undertake no obligation to up-date forward-looking statements on an on-going basis, as such statements are based solely on circumstances on the day of their publication. Furthermore, DIC Asset AG makes no warranties and assumes no liability that the future development and the future results actually achieved will conform to the assumptions and estimates expressed in this press release. End of announcement (c)DGAP 02.05.2005 —————————————————————————— WKN: 509840; ISIN: DE0005098404; Index: Listed: 021114 Mai 05