Ad-hoc | 14 November 2007 19:36
Fair Value Immobilien-AG / IPO Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Munich, November 14, 2007 – Fair Value Immobilien-Aktiengesellschaft (Fair Value) is planning an initial listing on Frankfurt Stock Exchange's regulated market (Prime Standard) on November 16, 2007. A total of 9,406,882 no-par value bearer shares are to be included in trading with German securities code number (WKN) A0MW97 (ISIN DE000A0MW975). The shares have a proportionate interest in the share capital of EUR 5.00 per share and carry full dividend rights from January 1, 2007. The securities prospectus approved today by the German Financial Services Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) can be downloaded at www.fair-value-reit.de. Prior to Fair Value's admission to the stock exchange, the company placed 480,000 new bearer shares at an issuing price of EUR 10.50 as part of a private placement, increasing the share capital to EUR 47.03 million and resulting in gross proceeds from the issue totaling EUR 5.04 million for the company. This capital increase was entered in the commercial register on November 9, 2007. The initial listing is being supported by WestLB AG.Important note: This information does not constitute an offer to sell or an instruction to buy securities of Fair Value Immobilien-Aktiengesellschaft, neither in the Federal Republic of Germany nor in any other countries. It is exclusively for information purposes. Shares of Fair Value Immobilien-Aktiengesellschaft ('the company') are not publicly offered for purchase, in particular not in the United States of America (USA), Canada, Japan, Australia or the United Kingdom. Securities may only be sold or offered for sale in the USA with prior registration according to the requirements of the U.S. Securities Act of 1933 in the current applicable version. The company’s shares are not and will not be registered according to the Securities Act. The information included in this ad hoc disclosure may not be disseminated within the United States of America, to 'U.S. persons' (within the meaning of Regulation S, in particular Rule 902 (c) of the U.S. Securities Act of 1933 in its current relevant version) or in publications generally distributed in the United States, Canada, Japan, Australia or the United Kingdom. Any violation of this restriction can constitute infringement of the securities regulations in specific countries, in particular in the United States, Canada, Japan, Australia or the United Kingdom. Any decision to invest in shares of the company must be based exclusively on the securities prospectus, which has been published at www.fair-value-reit.de and which is available at the company’s address free of charge. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Information on Fair Value for this ad hoc disclosure Company profile Munich-based Fair Value Immobilien-Aktiengesellschaft focuses on the acquisition, rental, property management and sale of commercial properties in Germany. Its investment activities focus primarily on offices, logistics and retail properties in German regional centers. Fair Value is already registered as a pre-REIT and thus benefits from the exit tax privilege when making acquisitions or the waiver of corporation and trade tax. Fair Value's USP is that – in addition to investing directly in real estate – it also acquires interests in closed-end real estate funds. In the summer of 2007 the company acquired interests in 14 closed-end real estate funds, allowing more than 2,000 investors in these real estate funds to convert their interests into shares of Fair Value. As a result of the successful transaction, Fair Value participates in a highly diversified portfolio of 52 properties with a total rental area of more than 450,000 m² and a market value of around EUR 600 million. In addition, Fair Value has secured itself a portfolio of 33 commercial properties with a rental area of more than 45,400 m² as well as an office building to be constructed at Düsseldorf Airport with a total rental area of 4,600 m². A high rental level of more than 90% in terms of the total rentable area ensures sustained income. Investor & Media Relations cometis AG Ulrich Wiehle Tel.: +49(0)611 – 205855-11 Fax: +49(0)611 – 205855-66 e-mail: wiehle@cometis.de 14.11.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Fair Value Immobilien-AG Leopoldstraße 244 80807 München Deutschland Phone: +49 (0)89 9292 815-01 Fax: +49 (0)89 9292 815-15 E-mail: info@fair-value-reit.de Internet: www.fair-value-reit.de ISIN: DE000A0MW975 WKN: A0MW97 Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / designated to be listed End of News DGAP News-Service ---------------------------------------------------------------------------