The DIC Group is one of the leading investors in the German market for commercial real estate

Press Release

DIC Asset AG to increase ordinary share capital to EUR 20.34 million

Frankfurt, 07.02.2006

On 3 February 2006, the shareholders’ meeting of DIC Asset AG (WKN 509840) voted to increase ordinary share capital from EUR 10.17 million to EUR 20.34 million. The new shares will be offered to shareholders in the form of indirect subscription rights in the ratio of 1:1. It is expected that any new shares not taken up in this way will be distributed widely by means of a public offering. The resolution to increase the share capital has been registered in the companies’ register. Details regarding the implementation of the capital increase will be published by DIC Asset AG in the coming months.
 
This increase brings DIC Asset AG’s capital into line with the company’s new size following a phase of dynamic, solidly grounded expansion. At the same time, it lays the foundation for exploiting to the full the potential offered by imminent market developments for DIC Asset AG’s continued steady growth in the interests of its shareholders.

DIC Asset AG’s share price reached EUR 25,12 today (09:03 h). Shares are listed on the over-the-counter markets at the Frankfurt, Munich and Stuttgart stock exchanges and have been included in the electronic Xetra trading system since December. It is planned to apply for authorization for the full share capital amount to be dealt on the Prime Standard list at the Frankfurt Stock Exchange. This would involve quarterly financial reporting and the preparation of financial statements according to IAS/IFRS standards in future.  

Notes on DIC
The Frankfurt-based company DIC (Deutsche Immobilien Chancen) Asset AG, is the stock-exchange listed subsidiary of the DIC real estate group, Frankfurt, founded in 1998. It is active in the acquisition, sale, management and development of commercial real estate in the German market. The DIC group uses DIC Asset AG primarily as the vehicle for its real estate asset portfolio, which has undergone major expansion over the last few years. Among the most important transactions completed in the recent past were the acquisition of eBay’s German headquarters in Berlin, the real estate portfolio of Frankfurter Sparkasse, the Degussa site in Frankurt and the Rhine-Main-Neckar portfolio of Rheinischer Grundbesitz & Beteiligungs AG, attracting considerable interest within the real estate sector. 

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