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

Press Release

DIC Asset AG Plans to Issue Corporate Bond

Frankfurt, 14.06.2013

The SDAX-listed real estate company DIC Asset AG (WKN 509840/ ISIN DE0005098404) has decided in principle to issue a second five-year corporate bond with a volume of at least EUR 75 million. The corporate bond shall be included in the Prime Standard for corporate bonds at Deutsche Börse AG. The company intends to use the issue proceeds to refinance existing bank debt on the portfolio and property level as well as for general corporate purposes.

As the positive experience with the first corporate bond demonstrated, this form of capital market financing has been established as a flexible and cost-efficient component in the financing activities of DIC Asset AG. It further enhances and diversifies the company’s financing structure. Moreover, it will permit further optimisation of the company’s financing conditions by reducing its bank debt on the portfolio and property level. On this level, the issue proceeds can be used as equity and therefore serve as an attractive alternative to classic junior or mezzanine loans. That way, the overall debt level and the net debt equity ratio of the company remain unchanged.

The corporate bond will be issued through a public offering of the company in Germany, Luxembourg and Austria as well as through an international private placement with qualified investors in Germany and certain other countries. Details on the bond are expected to be announced until early July 2013. Once approved, the prospectus required for the public offering will then be published on the website of DIC Asset AG.

The company has appointed Bankhaus Lampe KG and Baader Bank AG to act as joint bookrunner for the placing of the bonds.

Ulrich Höller, CEO of DIC Asset AG: “The planned issue will help us to base our  debt financing on an even broader basis and to expand our financial leeway. We take advantage of the high degree of flexibility and the proven cost effectiveness of this financing instrument in line with our mid- and long-term corporate objectives.”


Disclaimer
This document constitutes neither an offer of securities for sale nor a solicitation to purchase or subscribe securities. Any possible future public offering of a debenture bond will be submitted exclusively in the form, and on the basis, of a listing prospectus to be published pending its approval by the respective supervisory authority. The information legally required to be disclosed to investors is provided exclusively by the listing prospectus. At a time yet to be set, the listing prospectus will be published on the Internet on the homepage of DIC Asset AG (www.dic-asset.de).

This document constitutes neither an offer of securities for sale nor a solicitation to submit an offer for the purchase of securities in the United States of America, nor is it part of such an offer or such a solicitation. The securities are not, nor will they be, registered pursuant to the provisions of the United States Securities Act, and may not be sold or offered for sale in the United States of America except after prior registration pursuant to the provisions of the US Securities Act in its latest version or else on the basis of an exemption clause without prior registration.

The information provided in this publication must not be forwarded to or within the United States of America, Canada, Japan or Australia.

Unless expressly stated otherwise, all of the information, data, assumptions and forward looking statements contained in this document refer to information, data and forecast that were available to the company at the time of publication. In accordance with applicable laws, DIC Asset AG assumes no obligation to, and will not, update this document in any form whatsoever.



About DIC Asset AG:
Established in 2002, DIC Asset AG, with registered offices in Frankfurt/Main, is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. Real estate assets under management currently amount to approx. EUR 3.4 billion, comprising around 260 properties. The Company's investment strategy is geared to the continued development of a high-quality, highly profitable and regionally diversified portfolio. The real estate portfolio is structured in two segments: the Commercial Portfolio (EUR 1.9 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The Co-Investments segment (pro-rata share of EUR 0.3 billion) comprises fund investments, joint-venture investments, and interests in development projects. DIC Asset AG provides a direct service to tenants through its own real estate management teams in six branch offices located at the regional hubs within the portfolio. This provides DIC Asset AG with an edge in terms of market presence and expertise, and builds the foundation for maintaining and increasing income and the value of its real estate assets. DIC Asset AG has been included in the SDAX® segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.

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