Corporate | 23 March 2006 13:06

Deutsche Wohnen AG: Part 1 of the deconsolidation process successful – extraordinary general meeting approved the cancellation of the control agreement

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Today the extraordinary general meeting of Deutsche Wohnen approved the cancellation of the control agreement with DB Real Estate Management GmbH, this with a majority of approx. 99% of the attending capital. Now the cancellation of the control agreement requires the agreement of DB Real Estate Management GmbH. DB Real Estate Management GmbH will agree in case, at least 90% of the current registered shares of Deutsche Wohnen will be tendered into bearer shares up to April 7, 2006. On April 13, 2006 Deutsche Wohnen will publish, whether this conversion quota is achieved. The cancellation of the control agreement is precondition for the deconsolidation of Deutsche Wohnen from Deutsche Bank Group. Deutsche Wohnen AG intends to improve the positioning on the German residential market and to increase the Net Asset Value by acquisitions of residential property portfolios. The German housing market provides good opportunities for Deutsche Wohnen. Hubert Bonn Head of Investor & Public Relations Phone: +49 6131 6397 116 Mail: ir@deuwo.com (c)DGAP 23.03.2006 ————————————————————————— language: English emitter: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt am Main Deutschland phone: 06131-6397-116 fax: 06131-6397-199 email: hubert.bonn@deutsche-wohnen.de WWW: www.deutsche-wohnen.de ISIN: DE0006283302 WKN: 628330 indexes: End of News DGAP News-Service —————————————————————————