DIC Asset AG — Share Issue/Capital Change 2007

Nov 19, 2007

News Details

Ad-hoc | 19 November 2007 07:51

DIC Asset: 10 per cent capital increase to support further growth

DIC Asset AG / Capital Increase

Release of an 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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This announcement must not be distributed in the United States of America,
Canada, Japan or Australia.

To maintain scope for further growth, DIC Asset AG will increase its issued
share capital by approx. € 2.85 million, from Euro 28.5 million to approx.
Euro 31.35 million, by issuing new shares. The 2,849,999 new shares will be
offered to shareholders for subscription at a price of Euro 21.90, and
subject to a subscription ratio of one new share for each ten shares held.
The subscription period for the new shares will commence on 21 November
2007, and is expected to end on 4 December 2007. The new shares carry full
dividend rights from 1 January 2007. The Company is conducting this rights
issue as part of the Authorised Capital approved by the Annual General
Meeting on 6 June 2007. The issue proceeds will be of approx. Euro 62
million. There are no plans for trading in subscription rights.

The Company’s major shareholders – Deutsche Immobilien Chancen AG & Co.
KGaA, DIC ML GmbH, and Morgan Stanley Real Estate Funds (MSREF) – have
indicated that they will each exercise the subscription rights available on
their respective stake in full, and will subscribe to an aggregate of
approx. 1.13 million new shares at the subscription price, within the scope
of the subscription offer. They have also indicated their intention to
purchase any shares not taken up, at the subscription price. Reflecting the
willingness of major shareholders to exercise their own subscription
rights, and to acquire shares not taken up by free-float shareholders at
the subscription price – thus securing the desired inflow of funds raised –
the subscription price was set at Euro 21.90, close to last Fridays closing
price of Euro 21.94.

DIC Asset AG will apply the issue proceeds predominantly to finance further
acquisitions of real estate assets. The Company values the readiness of its
major shareholders to exercise subscription rights as a clear sign of
approval for its strategy. Regarding the actual situation in the finance
markets DIC Asset AG will establish the conditions to increase the share of
capital resources when financing attractive transactions, if necessary.

Deutsche Bank and Morgan Stanley have been mandated as joint lead managers.

This announcement constitutes neither an offer to sell nor a solicitation
of an offer to buy any securities.
This announcement and the information contained herein are not for
distribution in or into the United States of America and must not be
distributed or forwarded to U. S. persons (as defined in Regulation S of
the U. S. Securities Act of 1933, as amended ('Securities Act')) or to
publications with a general circulation in the United States. This
announcement does not constitute an offer or invitation to purchase any
securities in the United States. The securities of DIC Asset AG have not
been registered under the Securities Act and may not be offered, sold or
delivered within the United States or to U. S. persons absent registration
or an exemption from the registration requirements of the Securities Act.
There will be no public offering of securities in the United States of
America.
This information is directed at and/or for distribution only (i) to persons
located outside the United Kingdom, (ii) 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 (iii) 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 information is directed only at relevant
persons. Any person who is not a relevant person should not act or rely on
this document or any of its contents. Any investment or investment activity
to which this information relates is available only to relevant persons and
will be engaged in only with relevant persons.

Investor Relations:
Stephan Gramkow
Grünhof - Eschersheimer Landstraße 223
60320 Frankfurt am Main
Fon. +49-69-9454858-39
Fax +49-69-9454858-99
ir@dic-asset.de

19.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: DIC Asset AG
Eschersheimer Landstr. 223
60320 Frankfurt
Deutschland
Phone: +49 69 9454858-0
Fax: +49 69 9454858-99
E-mail: info@dic-asset.de
Internet: www.dic-asset.de
ISIN: DE0005098404
WKN: 509840
Indices: S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart, Düsseldorf

End of News DGAP News-Service

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