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DIC Asset AG acquires real estate portfolio for EUR 320 million

DIC Asset AG / MiscellaneousRelease of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------Frankfurt-based DIC Asset AG has acquired a real estate portfolio with atotal area of around 182,000 sqm from AXA-Group Germany as well as DBVWinterthur Insurance Group. The total investment volume, includingtransaction costs, stands at EUR 320 million. Overall, the area is dividedinto 15 real estate complexes mainly in the Rhine-Main region, Wiesbaden,Düsseldorf, Berlin and Munich. Almost all of the properties are used asoffice blocks and business premises.Following the sale, Axa and DBV Winterthur will lease back around 37% ofthe space on a long-term basis. Moreover the high-quality properties aremostly leased to prime tenants such as Telekom, SAP and Saturn. The rentalarea is 94 per cent leased and has an average lease period of just undersix years. The current annual rent is approx. EUR 23 million, whichcorresponds to a rental yield of 7.1 per cent (based on the totalinvestment volume). The financing of the transaction was supported byBerlin Hyp/Landesbank Berlin, the seller was advised by CB Richard Ellis.The properties purchased for the Core and Value-added segment of DIC AssetAG will remain in the portfolio mostly in the medium to long term. In thecontext of optimised management, they are making a significant contributionto securing and increasing the cash flow. In addition, DIC will alsorealise value-added potential as a result of active management, relettingand in part, repositioning through redevelopment measures.DIC Asset AG/Investor RelationsStephan GramkowGrünhof · Eschersheimer Landstraße 22360320 Frankfurt am MainTel: +49 (0) 69 9 45 48 58-39Fax: +49 (0) 69 9 45 48 58-99ir@dic-asset.de07.10.2007  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       DIC Asset AG              Eschersheimer Landstr. 223              60320 Frankfurt              DeutschlandPhone:        +49 69 9454858-0Fax:          +49 69 9454858-99E-mail:       info@dic-asset.deInternet:     www.dic-asset.deISIN:         DE0005098404WKN:          509840Indices:      S-DAXListed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in              Berlin, München, Stuttgart, Düsseldorf End of News                                     DGAP News-Service ---------------------------------------------------------------------------