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Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EquityStory AG.
The person with duty of notification is solely responsible for the content of this announcement.
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Details of the person subject to the disclosure requirement
Last name: Ullrich
First name: Helmut

Position: Member of a managing body

Information about the transaction with duty of notification

Description of the financial instrument: Deutsche Wohnen AG Bearer Share
ISIN/WKN of the financial instrument: DE000A0HN5C6
Type of transaction: Share purchase
Date: 29.08.2007
Price: 26.00
Currency: EUR
No. of items: 1000
Total amount traded: 26000.00
Place: Xetra

Explanation for publication:

Purchase of 960 shares for EUR 26.00 per share; purchase of 40 shares for
EUR 25.99 per share.

Information about the company with duty of publication

Issuer: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Deutschland
ISIN: DE000A0HN5C6
WKN: A0HN5C


End of Directors' Dealings Notification (c) DGAP 30.08.2007 

Financial News transmitted by DGAP
ID 3416