Corporate | 30 June 2006 08:15

Deutsche Wohnen independent as of today

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— * Control agreement with DB Real Estate cancelled effective today * Resolutions on capital increase and share split are agenda items for Annual General Meeting on 10 August 2006 * Bearer shares to be traded on stock exchange as of 3 July 2006 As of today, 30 June 2006, Deutsche Wohnen AG is no longer consolidated within Deutsche Bank Group. Deutsche Wohnen AG will take advantage of this new situation by continuing to enhance its position on the German residential property market and increasing the Company’s intrinsic value by way of portfolio acquisitions. In order to finance growth, the Management Board and the Supervisory Board will propose to the Annual General Meeting on 10 August 2006 inter alia to create an authorised capital of up to 50 percent of the share capital then resolved as to authorise the Management Board to issue convertible bonds and bonds with warrants of up to 500 million EUR. A further item for which a resolution is to be adopted at the General Meeting is a 1:5 share split associated with an increase in the share capital to 20 million EUR from corporate funds. This share split improves the tradability of Deutsche Wohnen’s shares and facilitates the approach of additional investor groups. The Management Board and the Supervisory Board will propose to the Annual General Meeting that the Company pays a tax-free dividend in the amount of EUR 8.75 per share (this corresponds to a dividend yield of approximately 4 percent). As of 3 July 2006, the bearer shares resulting from the share conversion conducted during the past months will be listed on the stock exchange. The intended change from the OTC segment and the admission of Deutsche Wohnen’s shares to the Official Market of the Frankfurt Stock Exchange with commencement of trading in the Prime Standard segment is still envisaged to occur within the next couple of weeks. Hubert Bonn (Head IR), phone: +49 6131 6397 116, e-mail: ir@deuwo.com (c)DGAP 30.06.2006 ————————————————————————— Language: English Issuer: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt am Main Deutschland Phone: 06131-6397-116 Fax: 06131-6397-199 E-mail: hubert.bonn@deutsche-wohnen.de WWW: www.deutsche-wohnen.de ISIN: DE0006283302 WKN: 628330 Indices: Listed: Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart; Open Market in Frankfurt End of News DGAP News-Service —————————————————————————