News Detail - DIC Assets

DIC Asset AG: Letter to Shareholders

DIC Asset AG / Miscellaneous

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This letter has been sent to shareholders and investors of DIC Asset AG today:

Dear Madam, Dear Sir, 

Prior to publication of our six-monthly report for 2006, which we shall be presenting in detail on the 21st of August, we wanted to provide you now with the major details of the very successful initial six months of 2006. In the first half of 2006, DIC Asset AG was able to further develop the success of its business through acquisitions and sales: Proportionate property acquisitions amounting to 217 million euros were contractually agreed, and properties from the Fraspa, as well as the MEAG Portfolio to the proportionate value of 6 million euros were successfully sold, that it to say with an attractive margin. As we had reported, two major acquisitions dominated our activities: At the end of June, DIC Asset AG had acquired a property portfolio of 15 properties with a total usable area of around 95,000 sqm from Häusser-Bau in Bochum. The total investment volume was around 123 million euros. At the end of May, we were also involved in taking over a property portfolio of 10 properties with a total usable area of 80,000 sqm from Hochtief.

We presume that DIC Asset AG will conclude contracts for comparable acquisitions of a similar size by the end of the year. As a result, we are well above the plan for the current year. Our success is also determined by the fact that we are able to let out our portfolio properties with an attractive return. Accordingly, in the first half of the year, we achieved a letting of 2,400 sqm to Schuhhaus Görtz in the new Bienenkorbhaus complex in Frankfurt

Yours sincerely 

Ulrich Höller, CEO  Markus Koch, CFO

DIC Asset AG/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 14.07.2006 

Language:     English
Issuer:       DIC Asset AG
              Eschersheimer Landstr. 223
              60320 Frankfurt Deutschland
Phone:        069 / 274033-0
Fax:          069 / 274033-69
ISIN:         DE0005098404
WKN:          509840
Indices:      S-DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Stuttgart, Düsseldorf  
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