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

Press Release

Annual General Meeting of DIC Asset AG Approves Dividend Increase by 8 Percent

Frankfurt, 11.07.2017

• Dividend for 2016 raised to EUR 0.40 per share (2015: EUR 0.37)
  
• Management Board raises FFO forecasts for 2017 to EUR 59-61 million, a year-on-year increase by 30 percent
• All agenda items approved by the majority of shareholders
• Prof. Dr. Gerhard Schmidt, Klaus-Jürgen Sontowski and Michael Bock re-elected to the Supervisory Board
• RAG Foundation expands its equity stake in DIC Asset AG to over 10 percent

Frankfurt/Main, 11 July 2017. During its annual general meeting in Frankfurt am Main today, DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) resolved to distribute a dividend of EUR 0.40 per share for the 2016 financial year (2015: EUR 0.37). The company thus maintains the continuity of dividends it has shown in recent years as it raised its distribution for the third consecutive time. Based on the share price at the end of June, the dividend yield equals more than 4 percent. The Management Board also announced that the FFO forecast has been raised to EUR 59-61 million for the financial year to date, which implies a significant increase by 30 percent over prior year. Moreover, the Management Board advised the shareholders in attendance that RAG Foundation has expanded its equity interest in DIC Asset AG to more than 10 percent.

Attendance at the annual general meeting represented 58.07 percent of the share capital. All agenda items were adopted by majority vote (for a detailed list of the voting results, please see the table below). Prof. Dr. Gerhard Schmidt, Klaus-Jürgen Sontowski and Michael Bock were re-elected to the company’s Supervisory Board.

“2016 was another successful financial year for us. The basis underlying this success is our growth strategy with its hybrid business model, which consists of the Commercial Portfolio and Fund Management. Our long-term objective is to generate revenues in equal parts from our directly held properties and from our indirectly held fund properties as income from management fees. This two-pillar strategy has been consistently profitable and largely uncoupled from market cycles,” said Aydin Karaduman, the CEO of DIC Asset AG.

DIC remains an extremely attractive real estate investment marked by a reliable continuity of dividends, and once again ranking in the top segment of listed companies in Germany.

“The performance is bolstered by the palpable trust our shareholders have shown us. The recent decision of the RAG Foundation to raise its equity stake in DIC to 10.01 percent is warmly welcomed by us, as we believe it reaffirms our work so far and our sustainable growth strategy,” Aydin Karaduman went on to say.

About DIC Asset AG:

Established in 2002, DIC Asset AG, with registered offices in Frankfurt am Main, is a real estate company with investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The Company's investment strategy is geared to the continued development of a high-quality, highly profitable, and regionally diversified portfolio. The company has around 200 real estate assets under management with an aggregate market value of EUR 3.6 billion. The real estate portfolio is structured in two segments: the “Commercial Portfolio” (EUR 2.0 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The “Co-Investments” segment (EUR 1.6 billion) comprises fund investments (pro-rata share of EUR 1.3 billion), joint-venture investments, and interests in development projects. In-house real estate management teams provide a direct service to tenants, working out of six different locations in each of the portfolio focus regions. This kind of market presence and expertise creates the basis for preserving and enhancing our earnings and real estate values. 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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