DIC Asset AG sells portfolio of residential properties – total volume of placements in the first half of this year increased

DIC Asset AG / Miscellaneous

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

Frankfurt-based DIC Asset AG has just sold a portfolio of 353 residential
property units and a total area measuring 19,500 sqm to Deutsche Wohnen AG
in Mainz, at a price of EUR 19.5 million. The residential properties are
located in the cities of Mainz, Wiesbaden and Oberursel; almost 94% of them
are currently let.

With this transaction, DIC Asset AG is divesting its portfolio of
residential property, which had been acquired as a result of a number of
portfolio transactions in recent years but which does not form part of the
company's clearly defined core business. It means that DIC Asset AG has
further reduced the residential portion of its portfolio, which now stands
at 2.7%. The company's business strategy is focused exclusively on
commercial property in Germany.

Together with additional recent sales of several individual properties (in
Frankfurt, Hamburg and Ludwigsburg) worth approximately EUR 15 million, DIC
Asset AG placed a number of properties, valued at EUR 167 million in total,
in the first half of this year. These transactions, underlining the
company's active portfolio management strategy, were based on individual
portfolio and subportfolio sales.

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. DIC Asset AG’s real estate portfolio currently includes around 1.1
million sqm of floor space, spread over 337 properties. The portfolio is
divided into three segments: the Core 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 Opportunistic
Co-Investments portfolio is comprised of real estate investments that have
a more pronounced risk/return profile, which will be placed with third
parties following a repositioning under an individual business plan. Real
estate assets under management currently amount to approx. EUR 3 billion.
DIC Asset AG has now been listed on the SDAX index for one year.

Investor Relations:
Stephan Gramkow
Grünhof - Eschersheimer Landstraße 223
60320 Frankfurt am Main
Fon. +49-69-9454858-39
Fax +49-6969-9454858-99

DGAP 02.07.2007 
Language:     English
Issuer:       DIC Asset AG
              Eschersheimer Landstr. 223
              60320 Frankfurt Deutschland
Phone:        +49 69 9454858-0
Fax:          +49 69 9454858-99
E-mail:       info@dic-asset.de
Internet:     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