News

Press Release: Deutsche Wohnen AG generates gross proceeds of EUR 186.5 million with very successful capital increase

Not for release, publication or distribution in or into the United States, Canada, Australia or Japan

Frankfurt/Main and Berlin, 29 November 2011 – Deutsche Wohnen AG’s cash capital increase from authorized capital resolved on November 14, 2011, for which the subscription period ended yesterday, has been completed with great success in a difficult market environment. The take-up quota for the offered new shares was 96%. The new shares not subscribed for as part of the subscription offer have entirely been placed for a price of EUR 9.45 per share with institutional investors in private placements arranged by the banks involved in the capital increase.
Following the registration of the implementation of the capital increase with the commercial register, which is expected to take place on November 30, 2011, the company’s share capital will be increased from EUR 81,840,000 by EUR 20,460,000 to EUR 102,300,000 through the issue of 20,460,000 new no par value bearer shares, each with a notional value of the company’s share capital of EUR 1.00. The new shares will carry full dividend rights from the fiscal year beginning January 1, 2011. The new shares are expected to be included in the existing quotation for the company’s listed bearer shares on the Frankfurt Stock Exchange on December 1, 2011.
The aggregate gross proceeds from the capital increase will amount to approximately EUR 186.5 million and will enable to continue the growth strategy of the last months.

The successful placement – in particular the high take-up quota of 96% - despite difficult market conditions shows on the one hand the trust of the shareholders in Deutsche Wohnen and shows on the other hand the attractiveness of the asset class “Residential”.

Credit Suisse, Morgan Stanley and UBS Investment Bank were acting as Joint Global Coordinators and Joint Bookrunners for the capital increase.

Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main

International Securities Identification Numbers (ISINs):  DE000A0HN5C6 / DE0006283302
Contact:
Helge H. Hehl
Tel.: +49 (0)30 897 86-551
ir@deutsche-wohnen.com

This information neither constitutes a prospectus, nor an offer or an invitation to purchase shares or other securities of Deutsche Wohnen AG nor does it replace the prospectus. The prospectus approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) on November 14, 2011 has been published and is available free of charge from Deutsche Wohnen AG and the underwriting banks. This information does not constitute an offer to sell or buy securities in the USA, Canada, Australia and Japan. The shares of Deutsche Wohnen AG are allowed to be offered or sold in the USA only after prior registration in accordance with the provisions of the U.S. Securities Act 1993, as amended, or on the basis of a registration exemption. There will be no public offering of shares in the USA.

This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Wohnen AG management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Deutsche Wohnen AG or the success of the housing industry to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements. Deutsche Wohnen AG does not assume any obligation to update such forward-looking statements and to adjust them to any future results and developments.