DIC and Morgan Stanley purchase property from the FALK-Fonds 80

DIC Asset AG / Miscellaneous

Announcement transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

A consortium of MSREF (Morgan Stanley Real Estate Funds) and the Frankfurt
property investor DIC (Deutsche Immobilien Chancen) has purchased all six
estates of the Falk-Fonds 80 as part of an asset deal. The holdings consist
of office and service industry properties in München, Heilbronn, Würzburg,
Nürnberg and Mainz with a total usable area of around 105,000 sqm. The
individual properties are let long-term to impeccable tenants such as
Siemens, BMW or Telekom. The total volume of investments is around 160
million euro. The stock exchange listed DIC Asset AG has a 20% share in the

Falk-Fonds 80 is one of the closed-end funds of Falk Capital, which is not
insolvent. The properties have an outstanding rating and are virtually 100%

More information about the properties: 
- Property 1: München; Main tenant Siemens; Usable area 37,000 sqm
- Property 2: München; Main tenant BMW; Usable area 8,700 qm
- Property 3: Heilbronn; Main tenant Deutsche Telekom; Usable area 15,000
- Property 4: Würzburg; Main tenant Mediamarkt; Usable area 9,500 qm
- Property 5: Nürnberg; Main tenant Deutsche Telekom; Usable area 25,500 qm
- Property 6: Mainz; Main tenant Deutsche Telekom; Usable area 8,500 qm

DIC Asset AG
Stephan Gramkow - Investor Relations
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main
Tel. (069) 27 40 33-10
Fax (069) 27 40 33-70

DGAP 17.08.2006 
Language:     English
Issuer:       DIC Asset AG
              Eschersheimer Landstr. 223
              60320 Frankfurt Deutschland
Phone:        069 / 274033-0
Fax:          069 / 274033-69
E-mail:       info@dic-asset.de
WWW:          www.dic-asset.de
ISIN:         DE0005098404
WKN:          509840
Indices:      S-DAX
Listed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
              Berlin-Bremen, München, Stuttgart, Düsseldorf
End of News                                     DGAP News-Service