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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. ---------------------------------------------------------------------- The present Chairman of the Management Board Andreas Lehner, will leave the company with effect from October 31, 2007 and has therefore resigned from his current position as member of the management board. The employment contract has been terminated by mutual agreement. As Chairman of the Management Board, Mr. Lehner successfully accomplished the deconsolidation of Deutsche Wohnen AG from Deutsche Bank and was responsible for the company’s listing at the official market of the Frankfurt Stock Exchange. The goal of strategic growth has recently been initiated by the acquisition of the GEHAG Group. Going forward, the Supervisory Board will assign the necessary integration and consolidation tasks to the new management team. Mr. Lehner, who has been the chairman of the company’s management board since 2004, will also standby Deutsche Wohnen AG regarding questions of strategic growth in future. The supervisory board thanks Andreas Lehner for his successful work in terms of Deutsche Wohnen AG. Hubert Bonn Head of Investor Relations Tel. +49 (0) 6131 4800 262 hubert.bonn@deuwo.com 28.09.2007 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: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------