DGAP-News: DIC Asset AG / Key word(s): AGM/EGM 2015 Shareholder Meeting of DIC Asset AG 02.07.2015 / 13:45 --------------------------------------------------------------------- Press Release Frankfurt, 02 July 2015 2015 Shareholder Meeting of DIC Asset AG: - All agenda items approved by clear majority votes - Dividend for 2014 set at EUR 0.35 per share (2013: EUR 0.35) - Two new members appointed to the supervisory board - Refinancing successfully completed - More than half of all sales planned for 2015 already transacted - Management board confirms forecast for 2015 (FFO: EUR 48 - 50 million) The shareholder meeting of DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4), which convened in Frankfurt today, ended after around 2.5 hours at 12:20 CEST. With around 64.1 percent of the share capital represented, the meeting passed the motions submitted by the senior management with clear majorities for every item on the agenda just as in previous years (for a breakdown of the voting results, see the table inserted below). One of the key items was the distribution of a dividend for the 2014 financial year in the amount of EUR 0.35 per share, which matches the prior-year dividend (2013: EUR 0.35). Based on the year-end share price for 2014, the dividend yield equals around 4.7 percent (2013: 5.2 percent). Supervisory board members Russell Platt and Bernd Wegener ended their term on the supervisory board with this year's shareholder meeting. They were succeeded by Prof. Dr. Ulrich Reuter, District Administrator for the District of Aschaffenburg, and Dr. Anton Wiegers, CFO of Provinzial Rheinland Holding. Ulrich Höller, CEO of DIC Asset AG: "We implemented the planned program in a disciplined manner, and are now well on track to achieve our set strategic goals." By mid-year 2015, the sales total already exceeded 50 percent of the year-end target at c. EUR 130 million (30/06/2014: EUR 54 million). On average, the selling prices we negotiated exceeded the most recently appraised market values by around 6 percent. Out of the total amount of EUR 372 million due for refinancing for the proprietary portfolio (commercial portfolio) in 2015, approximately EUR 315 million was already refinanced by the end of H1 2015. The average maturity of the new financing arrangements is roughly 7 years. The average interest rate for all bank loans was reduced from 3.9 percent to 3.5 percent as per the key date of 30/06/2015 (30/06/2014: 4.1 percent). The average maturity of all financial liabilities rose to 4.7 years. On occasion of today's shareholder meeting, the management board confirmed the forecast for 2015 published at the beginning of the year: - Continued expansion of the fund business (planned fund acquisitions: EUR 130-150 million) - Sales volume of c. EUR 150-170 million - The rental income is expected to amount to somewhere between EUR 134 million and EUR 136 million. - Reduction of the vacancy rate down to 10.5 percent by the end of the year (2014: 10.9 percent). - On this basis, DIC Asset AG plans to realise a FFO of EUR 48-50 million in 2015 despite the decline in rental income caused by property sales. Summary of the voting results: Agenda Item Approved in percent 1. Presentation of 2014 annual accounts no vote 2. Use of profit available for distribution 99.9 3. Discharge of the Management Board 98.3 4. Discharge of the Supervisory Board 93.9 5. Election of auditors for 2015 87.7 6.1 Election of Prof. Dr. Ulrich Reuter to the Supervisory Board 99.2 6.2 Election of Dr. Anton Wiegers to the Supervisory Board 87.0 7. Creation of new authorised capital 93.1 8. Creation of new contingent capital 94.3 For details on DIC Asset AG as well as the quarterly report for Q1 2015, please visit us on the Internet at www.dic-asset.de. About DIC Asset AG: Established in 2002, DIC Asset AG, with registered offices in Frankfurt am Main, is a real estate company with a dedicated investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The company has a total of around 230 real property assets worth approximately EUR 3.3 billion under management. The investment strategy of DIC Asset AG aims at the continuous development of a quality-driven, high-yield, and regionally diversified portfolio. The real estate portfolio is structured in two segments: the Commercial Portfolio (EUR 2.2 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The "Co-Investment" segment (EUR 0.2 billion pro rata) pools fund investments, joint venture investments, and investments in project developments. Own real estate management teams provide a direct service to tenants through six branch offices located at the regional hubs within the portfolio. This kind of market presence and expertise creates the basis for preserving and enhancing our earnings and real estate values. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies. Press contact: Thomas Pfaff Kommunikation Höchlstrasse 2 D-81675 Munich Tel. +49-89-992496-50 Fax +49-89-992496-52 Mobile +49-172-8312923 [email protected] Investor relations Peer Schlinkmann Neue Mainzer Strasse 20 - MainTor D-60311 Frankfurt am Main Tel. +49-69-274033-1221 Fax +49-69-274033-9399 [email protected] --------------------------------------------------------------------- 02.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: DIC Asset AG Neue Mainzer Straße 20 * MainTor 60311 Frankfurt Germany Phone: +49 69 9454858-1221 Fax: +49 69 9454858-9399 E-mail: [email protected] Internet: www.dic-asset.de ISIN: DE000A1X3XX4, DE000A1TNJ22, DE000A12T648 WKN: A1X3XX, A1TNJ2, A12T64 Indices: S-DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 374651 02.07.2015