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Deutsche Wohnen AG / Merger 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. ---------------------------------------------------------------------- In its last session this year, the Berlin Parliament unanimously approved the application of HSH Real Estate AG, Hamburg, for the transfer of the remaining 15% of the shares in GEHAG GmbH to Deutsche Wohnen Group. GEHAG GmbH is thus entirely under the ownership of Deutsche Wohnen Group, apart from the 0.01 per cent which remains with the State of Berlin. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: On July 2, 2007, Deutsche Wohnen AG reached agreement, in the form of a notarized agreement, with the investment companies administered by Oaktree Capital Management LLC on a merger of the Deutsche Wohnen Group with the GEHAG Group, Berlin, which originally belonged to the State of Berlin. Under the merger terms, Deutsche Wohnen Group initially and indirectly took over nearly 85 per cent of GEHAG GmbH. The transfer of the remaining 15 per cent of the shares, held by HSH Real Estate AG, Hamburg, was an integral part of the merger agreement, but was subject to the suspensory approval of the State of Berlin. This approval has now been obtained within the period stipulated and is in the interest of both the selling and the purchasing company. Hubert Bonn Head of Investor Relations Phone: +49 (0)4800 262 email: hubert.bonn@deuwo.com 07.12.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt am Main Deutschland Phone: +49 (0)6131 4800 262 Fax: +49 (0)6131 4800 4441 E-mail: hubert.bonn@deuwo.com Internet: www.deutsche-wohnen.de ISIN: DE000A0HN5C6, DE0006283302 WKN: A0HN5C, 628330 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------