Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG approves stable dividend of EUR 0.20 per share

The shareholders of TTL Beteiligungs- und Grundbesitz-AG ("TTL AG", "TTL") (ISIN DE0007501009) approved all agenda items which were presented by the Management Board and the Supervisory Board with large majorities at the virtual Annual General Meeting on 26 May 2023.

As proposed, TTL AG will distribute a dividend of EUR 0.20 per share for the financial year 2022. Based on the 2022 year-end Xetra price of the TTL share, this corresponds to a dividend yield of around 11 percent. As the dividend payment will be made from TTL AG's tax deposit account, it will not be subject to any deduction of capital gains tax.

With 78.82 percent of the share capital being represented at the Annual General Meeting, the shareholders approved the discharge of the Executive Board and the Supervisory Board as well as all other proposed resolutions with more than 97.4 percent.

Michael Bock and Jan Benedikt Rombach were reappointed to the Supervisory Board of TTL AG. Furthermore, the Annual General Meeting discussed the remuneration report for the Management Board and Supervisory Board and elected Rödl & Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Nuremberg, as auditors for the 2023 financial year.

All relevant documents regarding the Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG for the financial year 2022 are available in German on the Company's website https://www.ttl-ag.de/en/investor-relations/shareholders-meeting.html.
 

About TTL

TTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009/Stock exchange symbol TTO) is a listed holding company focusing on the German commercial real estate market. As a holding company, its aim is to enter into profitable investments, to accompany and develop them in order to participate in their value enhancement and to sustainably increase the earning power of TTL AG in the interest of its shareholders. TTL invests in both privately held and listed real estate companies with high dividends. In addition, TTL also participates in real estate projects and properties via platforms, whereby TTL Group provides mezzanine financing for these investments in addition to equity.

The Munich-based company holds 50 % in TTL Real Estate GmbH, which has a direct stake of around 8.2 % in the SDAX-listed DIC Asset AG. Since the end of 2020, TTL AG has held a stake in Montano Real Estate GmbH, also based in Munich, one of the leading independent real estate investment and management companies in the German commercial real estate market with offices in Munich, Frankfurt and Berlin.

Media and Investor Relations contact

Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-23
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