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Deutsche Wohnen AG / Change of Personnel Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Effective from 01 August 2007, the Supervisory Board of Deutsche Wohnen AG has appointed Mr. Helmut Ullrich as new Chief Financial Officer. Before joining the company’s Management Board, Mr. Ullrich served as managing director of RREEF Management GmbH (formerly DB Real Estate Management GmbH) and RREEF Investment GmbH (formerly DB Real Estate Investment GmbH), where he was also responsible for finances. Upon his appointment as member of the Management Board, Mr. Ullrich resigns as Chairman of the Supervisory Board of Deutsche Wohnen AG. In addition, the Supervisory Board of Deutsche Wohnen AG has declared its intention to appoint Mr. Michael Zahn as member of the Management Board, responsible for business operations. Currently, Mr. Zahn is the sole managing director of GEHAG GmbH, Berlin, the company in which Deutsche Wohnen AG recently indirectly acquired an interest of approximately 85%. A formal appointment is to take place after the merger with GEHAG group has been executed, which is still subject to certain conditions. Dr. Michael Gellen has resigned as member of the company’s Management Board, effective at the end of 31 July 2007. Following a vacancy that had arisen at short notice, Dr. Gellen had been appointed as member of the company’s Management Board in April this year, a step that all parties concerned had intended from the start as an interim measure pending the restructuring of the Management Board, which has now been completed. Hubert Bonn Head of Investor & Public Relations Deutsche Wohnen AG Phone: +49 (0)173 9699 262 email: hubert.bonn@t-online.de Change of offices: New contact details effective from 23 July 2007 - see IR-Contact at http://www.deutsche-wohnen.de DGAP 20.07.2007 ---------------------------------------------------------------------- Language: English Issuer: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt am Main Deutschland Phone: +49 (0)6131-6397-116 Fax: +49 (0)6131-6397-199 E-mail: hubert.bonn@deuwo.com Internet: www.deutsche-wohnen.de ISIN: DE000A0HN5C6, DE0006283302 WKN: A0HN5C, 628330 Indices: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------