DIC Asset AG — Share Issue/Capital Change 2011

Mar 31, 2011

News Details

Ad-hoc | 31 March 2011 19:21

DIC Asset AG: Capital increase more than five times oversubscribed

DIC Asset AG / Key word(s): Capital Increase

31.03.2011 19:21

Dissemination 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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NOT FOR DISTRIBUTION IN THE UNITED STATES
NICHT ZUR VERBREITUNG IN DEN VEREINIGTEN STAATEN VON AMERIKA

Shareholders of DIC Asset AG (WKN 509840 / ISIN DE0005098404) fully
subscribed to all 6,531,249 shares issued under the rights issue resolved
on 15 March 2011, by exercising their subscription rights as well as their
right to oversubscribe. As a result of the rights issue, DIC Asset AG's
issued share capital increased from approx. EUR 39.2 million to approx. EUR
45.7 million. The issue proceeds for the Company totalled approx. EUR 52.2
million.

Given an exercise of the subscription rights to subscribe for 5,727,962
shares and therefore a subscription ratio of about 88 per cent, 803,287
shares were available for additional subscrip¬tions (approx. 12 per cent).
Oversubscription orders were placed for a total of 27,550,380 shares. Due
to this high oversubscription any order for additional subscriptions placed
effectively will be serviced by around 3 per cent. Aggregate demand
amounted to approx. EUR 266 million; the capital increase in total was thus
5.1 times oversubscribed. Proceeds from the placement are expected to be
used to create additional financial headroom and for further acquisition
opportunities.

The 6,531,249 new shares were offered to shareholders for subscription at a
price of EUR 8.00, with a subscription ratio of one new share for each six
shares held. The subscription period for the new shares opened on 17 March
2011 and ended on 30 March 2011 as scheduled. The rights issue was aimed
exclusively at existing share¬holders; there was no exchange trading of
subscription rights. The new shares will be admitted to trading once the
capital increase has been entered into the Commercial Register; this is
expected to occur on 5 April 2011. The new shares carry full dividend
rights for the financial year 2010.

Commerzbank and Berenberg Bank acted as joint lead managers.

This document is not an offer of securities for sale nor the solicitation
of an offer to purchase securities in the United States or in any other
jurisdiction where such offer may be restricted. Securities may not be
offered or sold in the United States unless they are registered under the
US Securities Act of 1933, as amended (the 'US Securities Act'), or exempt
from registration. The securities of DIC Asset AG referred to in this
press release have not been, and are not being, registered under the US
Securities Act, and DIC Asset AG will not make a public offer of such
securities in the United States. There will be no public offering of
securities in the United States or anywhere else.

This communication is directed only at persons who: (i) are qualified
investors within the meaning of the Financial Services and Markets Act 2000
(as amended) and any relevant implementing measures; and/or (ii) are
outside the United Kingdom; and/or (iii) have professional experience in
matters relating to investments who fall within the definition of
'investment professionals' contained in article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)
(the 'Order'), or are persons falling within article 49(2)(a) to (d) (high
net worth companies, unincorporated associations, etc) of the Order, or
fall within another exemption to the Order (all such persons referred to in
(i) to (iii) above together being referred to as 'Relevant Persons'). Any
person who is not a Relevant Person must not act or rely on this
communication or any of its contents. Any investment or investment activity
to which this communication relates is available only to Relevant Persons
and will be engaged in only with Relevant Persons.

31.03.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: 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, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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