DGAP-News: DIC Asset AG / Key word(s): Funds/Real Estate DIC Asset AG Successfully Places Shares in Pool of Segregated Assets of 'DIC HighStreet Balance' 04.04.2018 / 08:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release DIC Asset AG Successfully Places Shares in Pool of Segregated Assets of "DIC HighStreet Balance" - Portfolio of 15 "HighStreet" properties across Germany sold to an institutional investor - Target return of the investment fund substantially exceeded - Sale of share certificates as cost-effective deal structure - DIC earns circa EUR 5.9 million in fees from the transaction in Q1 2018 Frankfurt / Main, 04 April 2018. For the first time, DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) succeeded in placing an investment fund under its management within the framework of a sale of share certificates. It was acquired by a renowned institutional investor. The "DIC HighStreet Balance" open-ended institutional fund included 15 retail properties in German main- and medium-sized centres marked by high spending power, and added up to a combined lettable area of around 85,000 square metres and an annual rent income of circa EUR 11.8 million. Launched in 2012, the investment fund returned a running yield in excess of the planned target return of 5.0 percent to its investors. As a result of the fund's sale, this performance was actually topped. In the context of the share certificates sale, the properties transferred to another economic beneficiary, and the cost effectiveness of the chosen transaction structure for both buyer and seller significantly contributed to the success. As a result, we managed to save approximately EUR 13 million in incidental sales costs for our investors. DIC Asset AG, which held a proprietary equity interest of 5.0 percent in the fund, earned transaction fees in an additional amount of EUR 5.9 million for its successful marketing effort. "Both in our interest and in our investors' interest, we took advantage of the favourable current market environment, and for the first time ever placed an entire DIC investment fund. Although share certificate sales of this type are not yet standard practice, they represent an attractive and innovative exit option that our fund management implemented successfully, not least from a cost perspective. It underlines our ambitions to expand our active and professional fund management, and our strategy of seeking to establish the fund business as trading platform on the market," said Sonja Wärntges, CEO of DIC Asset AG. During the sale, DIC was advised by CMS Hasche Sigle as well as by COMFORT München GmbH and Ernst & Young Real Estate GmbH. For more details on DIC Asset AG, visit the company's homepage at www.dic-asset.de. Investor Relations & Corporate Communications: DIC Asset AG Nina Wittkopf Head of Investor Relations & Corporate Communications Neue Mainzer Strasse 20 - MainTor D-60311 Frankfurt am Main Phone +49 69 9454858-1462 Fax +49 69 9454858-9399 [1][email protected] 1. mailto:[email protected] About DIC Asset AG: DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has around 180 assets with a combined market value of c. EUR 4.4 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues. In its Commercial Portfolio division (EUR 1.6 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.5 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 1.3 billion in assets under management) are joint venture investments, equity investments in property developments, strategic financial investments, and the management of properties in which the company holds no equity stakes. 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. --------------------------------------------------------------------------- 04.04.2018 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. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: DIC Asset AG Neue Mainzer Straße 20 * MainTor 60311 Frankfurt am Main Germany Phone: +49 69 9454858-1462 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, Tradegate Exchange; Luxemburg End of News DGAP News Service --------------------------------------------------------------------------- 671105 04.04.2018