DIC Asset AG successfully concluded its second capital increase in 2006

DIC Asset AG / Capital Increase

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

This press release must not be distributed to, or within, the United States
of America, Canada, Japan, and Australia.

DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) announced
today that it has successfully concluded its capital increase. The company
raised approx. € 185 million net proceeds by issuing 8.16 million of new
shares, increasing the company’s share capital from € 20.34 million to €
28.5 million. The subscription ratio was 99.96 per cent. The subscription
period for the new shares commenced on 29 November 2006 and ended on 12
December 2006. In addition, approx. 2.1 million new shares not subscribed
for by the major shareholders were successfully placed with domestic and
international investors, at a price of € 27.00 per share.

The shareholder structure of DIC Asset AG has changed upon conclusion of
the capital increase and the placement of the shares, with the free float
increasing from 39.2 per cent to 46.6 per cent. The holdings of DIC
Deutsche Immobilien Chancen Group is now 37.6 per cent (previously: 42.8
per cent); Forum S.à.r.l holds 6.6 per cent (previously: 7.5 per cent), and
Morgan Stanley Real Estate Funds approx. 9.2 per cent (previously: 10.5 per

Ulrich Höller, Chairman of the Management Board of DIC Asset AG, said that
'Our two successful capital increases have raised approx. € 400 million in
new funds this year. This is visible proof of the strong confidence our
shareholders have in DIC Asset AG’s future. We have therefore built a sound
foundation for continued dynamic growth. At the same time, we have
sufficient scope for manoeuvre to participate in the opportunities which
will arise in the German real estate markets.'

The 8,160,000 new shares were offered to shareholders for subscription at a
price of € 23.50, and subject to a subscription ratio of two new shares for
each five shares held (excluding a fractional amount of 24,000 shares). The
new shares carry full dividend rights for the financial year 2006. Deutsche
Bank and Morgan Stanley acted as joint bookrunners.

DIC Asset AG will use the net issue proceeds to finance further
acquisitions of real estate assets up to one billion Euro. Initial
transactions are expected to be concluded shortly.

DIC Asset AG had already increased its equity base by € 214 million net
proceeds through a capital increase in the spring of 2006 to enable the
company to capitalise more fully on market opportunities as they arose.
With an aggregate transaction volume of approximately one billion Euro
since May 2006, these funds have been invested to a large extent already.
The new capital increase will provide the resources required to
successfully maintain the growth momentum in DIC Asset AG’s business.

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
810,000 m² of floor space, spread over 269 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. € 2,1 billion.
DIC Asset AG has been included in the SDAX segment of the Frankfurt Stock
Exchange since June 2006.

This publication constitutes neither an offer to sell nor a solicitation to
buy securities of DIC Asset AG. The securities have already been sold.
This press release does not constitute an offer to buy securities in the
US. In the US, securities may only be sold or offered for sale after
registration in accordance with the provisions of the U.S. Securities Act
of 1933 as amended or, without prior registration, if an exemption applies.
DIC Asset AG does not intend to register the offer, in whole or in part, in
the US or to carry out a public offer in the US.
This message is exclusively intended for persons who are either (i) outside
the United Kingdom; or (ii) who are investment professionals as defined in
article 19 (5) of the UK Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the 'Order); or (iii) who fulfil the
definitions in article 49 (2) lit. (a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (persons meeting the criteria
in (i) to (iii) are jointly referred to as 'Relevant Persons' below). No
person other than a Relevant Person may take action based upon this notice
or the content thereof, nor rely upon the notice. Any investment or
investing activity in relation to this notice shall only be available to
Relevant Persons, and will exclusively be entered into with Relevant

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

DGAP 13.12.2006 
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