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Deutsche Wohnen AG / Key word(s): Capital Increase 24.11.2011 11:46 Dissemination 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. --------------------------------------------------------------------------- Not for release, publication or distribution in or into the United States, Canada, Australia or Japan Frankfurt/Main and Berlin, November 24, 2011 - Today, Deutsche Wohnen AG determined the subscription price per new no par value ordinary bearer share at EUR 9.10 in connection with its cash capital increase from authorized capital resolved on November 14, 2011. Upon exercise of all subscription rights and issuance of all 20.46 million new shares offered in the subscription offering the company would receive gross proceeds in the amount of approximately EUR 186 million. The actual gross proceeds are expected to be determined during the course of November 29, 2011. The net proceeds are to be used for selective acquisitions in the company's existing core regions and in German metropolitan areas. Net proceeds of approximately EUR130 million will be used in the short term to refinance the credit lines utilized for previous portfolio acquisitions and to finance the purchase price for already signed acquisitions. Following the repayment of the credit lines, they will once again be available for additional potential acquisitions. Assuming a sustained favorable market environment for acquisitions, the company expects to invest the total net proceeds within the next 12 to 15 months. The new shares are offered to shareholders for indirect subscription at a ratio of 4:1. The subscription period ends on November 28, 2011. The company grants to any shareholders who have already placed their exercise notice, but do not elect to purchase the new shares at this subscription price, the right to revoke their exercise notice by November 28, 2011. 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. Contact: +49 (0)30 / 897 86 - 551 24.11.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt Germany Phone: +49 (0)30 89786-0 Fax: +49 (0)30 89786-507 E-mail: ir@deutsche-wohnen.com Internet: http://www.deutsche-wohnen.com ISIN: DE000A0HN5C6, DE0006283302 WKN: A0HN5C, 628330 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------