DGAP-News: DIC Asset AG / Key word(s): Change in Forecast DIC Asset AG Raises FFO Forecast for 2016 29.09.2016 / 07:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release Frankfurt, 29 September 2016 DIC Asset AG Raises FFO Forecast for 2016 - FFO forecast for 2016 raised to EUR 46-47 million - Rental income of c. EUR 109-111 million now anticipated - Positive net absorption and rental income from warehousing for retail fund leads to revision of outlook Frankfurt-based real estate company DIC Asset AG (German securities code number: WKN A1X3XX / ISIN DE000A1X3XX4) has raised its FFO (funds from operations) year-end forecast for 2016 from EUR 43-45 million to EUR 46-47 million. The upward revision of the annual forecast is explained by the successful letting performance that led to a better-than-expected take-up. For the 2016 financial year, DIC Asset is now projecting a rental income of approx. EUR 109-111 million rather than EUR 105-107 million. The increase is due not least to the rent revenues expected from the property that were notarised in July 2016 in conjunction with the warehousing for the planned new retail property fund. Moreover, the transfer of rights and duties for the properties that were sold out of the commercial portfolio will be delayed, so that the company will collect rental income from them longer than predicted. Aydin Karaduman, CEO of DIC Asset AG: "The FFO growth in 2016 demonstrates that our property management platform and our active asset management have succeeded in enhancing our cash flow from the commercial portfolio. During the marketing stage of the planned new retail property fund, we additionally benefit from the lucrative rental income generated by the recently acquired properties." DIC Asset will publish its quarterly statement for Q3 on 04 November 2016. About DIC Asset AG: Established in 2002, DIC Asset AG, with registered offices in Frankfurt/ Main, is a real estate company with an investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The Company's investment strategy is geared to the continued development of a high-quality, highly profitable and regionally diversified portfolio. Real estate assets under management comprise 210 properties with an aggregate market value of EUR 3.2 billion. The real estate portfolio is structured in two segments: the Commercial Portfolio (EUR 1.7 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The Co-Investments segment (EUR 1.5 billion) comprises fund investments (accounting for a share of EUR 1.2 billion), joint-venture investments, and interests in development projects. In-house real estate management teams provide a direct service to tenants, working out of six different locations in each of the portfolio focus regions. This market presence and expertise creates the basis for preserving and enhancing 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. Media contact RUECKERCONSULT GmbH Jan Schweiger Wallstrasse 16 10179 Berlin Germany Phone: +49 30 2844987-65 Fax +49 30 2844987-99 [email protected] Investor Relations DIC Asset AG Peer Schlinkmann Neue Mainzer Strasse 20 - MainTor 60311 Frankfurt/Main Germany Phone: +49 69 9454858-1221 Fax +49 69 9454858-9399 [email protected] --------------------------------------------------------------------------- 29.09.2016 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 9454858-1221 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, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 506733 29.09.2016