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

Press Release

DIC Asset AG plans corporate bond

Frankfurt, 13.04.2011

The SDAX-listed real estate company DIC Asset AG (WKN 509840 / ISIN DE0005098404) has decided in principle to issue a five-year corporate bond with a volume of up to EUR 100 million. The debt securities are intended for private and institutional investors in Germany and Austria within the framework of a public offer. It is set to be available for subscription from early May 2011 onwards in denominations of EUR 1,000. The company is planning to admit the bond in the Segment Entry Standard for bonds of Deutsche Börse AG.

DIC Asset AG is therefore the first listed real estate company in Germany to offer such a large-volume corporate bond to the capital market. Issuing a corporate bond also gives the company an additional flexible and attractive option for debt financing in addition to the classic mortgage loan.

Further details about the bond are expected to be announced in late April 2011. The prospectus necessary for the public offer is also set to be published in late April 2011 on the website of DIC Asset AG. The company has commissioned Berenberg Bank as the global coordinator and bookrunner for placing the bond.

Ulrich Höller, CEO of DIC Asset AG: “With this first large-scale corporate bond from a German real estate company, we are giving ourselves greater financing scope at corporate level, which will also help our growth plans. At the same time, we are underlining our claim to be a leading innovator in the German real estate sector.”

This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities of DIC Asset AG.

The public offering of the notes will only be made in the Federal Republic of Germany and the Republic of Austria and will be made on the basis of a securities prospectus which is yet to be approved by the German Bundesanstalt für Finanzdienstleistungsaufsicht which will be published one bank working day prior to the offer at the latest. The prospectus will be available for download on the website of the company (www.dic-asset.de/investor-relations), and on the website of Deutsche Börse AG. This securities prospectus will be the exclusive controlling document for purposes of the proposed offer and will contain the information legally required to be provided to investors. Printed copies of the prospectus will also be available from the company.

The securities of DIC Asset AG referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 and the company does not intend to make an offer of such securities in the United States of America.

This document contains forward-looking statements. Forward-looking statements are all statements that do not refer to historical facts or events, but contain wording such as “believes”, “estimates”, “assumes”, “expects”, “anticipates”, “foresees”, “intends”, “hopes”, “could” or similar expressions. These forward-looking statements are subject to risks and uncertainties, as they relate to future events and are based on current assumptions by DIC Asset AG, which may not occur at all in the future or may not occur as assumed. They do not represent a guarantee for future results or performance of DIC Asset AG and the actual financial condition and results of operations of DIC Asset AG, as well as the development of economic and legal conditions, may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding DIC Asset AG.

DIC Asset AG assumes no obligation to update or revise any forward-looking statement contained herein or to adapt them to future events or developments.

About DIC Asset AG:
Established in 2002, DIC Asset AG, with its registered office in Frankfurt am Main, is a real estate company with a dedicated investment focus on investing in commercial real estate in Germany, pursuing a return-oriented investment policy. The complete real estate portfolio amounts to approximately EUR 3.2 billion with around 290 properties. The portfolio is divided into three segments. The Core plus portfolio includes the proprietary portfolio held on a long-term basis and offering stable, attractive rental yields. The Value-Added portfolio contains real estate with promising performance potential over the medium term; while the Co-Investments portfolio comprises minority investments in other real estate segments. This includes opportunistic investments, development projects as well as the Funds business segment, where the company invests in first-class core properties. DIC Asset AG has been listed on the SDAX index since June 2006 and is represented in the international EPRA Index.

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