Press release

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DIC Asset AG concludes 2023 scrip dividend scheme

• Number of shares increases by around 0.5% (413,144 new no-par value shares)
• Equity base strengthened by c. EUR 2.7 million
• New shares expected to be admitted to trading on 4 May 2023

Frankfurt am Main, 27 April 2023. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, successfully offered its shareholders the choice of a scrip dividend for the sixth time. Shareholders were given the option, as in previous years, to have their dividend for the 2022 financial year distributed in whole or in part either as cash payout or in the form of new company shares. The acceptance rate was 6.06% (previous year: 40.54%), so that a total of 413,144 new shares is expected to be credited to the securities accounts of participating shareholders, and to be admitted to trading on the Regulated Market of the Frankfurt Stock Exchange on 4 May 2022. Following registration of the capital increase in the commercial register on 26 April 2023, the total number of DIC shares outstanding is 83,565,510 now (an increase of about 0.5%). The gross proceeds from the issuance of new shares add up to c. EUR 2.7 million, strengthening the equity base of DIC.

On 30 March 2023, the company set the dividend for the 2022 financial year at EUR 0.75 while once again offering the choice of cash or scrip dividend. In order to cover possible tax obligations, the amount of EUR 0.21 per share will be disbursed on 2 May 2023, regardless of whether a cash or scrip dividend was chosen. That same day, the balance from converting the dividend into shares, if any, will also be paid out in cash. Overall, a total of about 5.0 million pro-rata dividend claims in the amount of EUR 0.54 per share were exchanged for new shares in the company. The subscription price was EUR 6.588 while the subscription ratio was 12.2 to 1.

About DIC Asset AG:

DIC Asset AG is Germany’s leading listed specialist for office and logistics real estate with 25 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with nine offices on the ground in all major German markets (with VIB Vermögen AG included). We currently manage a total of 360 assets with a combined market value of EUR 14.7 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate steady cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management, and realising gains from sales.

In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields.

DIC Asset AG has been SDAX-listed since June 2006.

For more details, go to www.dic-asset.de.

IR/PR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Str. 20 • MainTor Primus

D-60311 Frankfurt am Main
T +49 69 9454858-1492
[email protected]