DGAP-Adhoc

IVG Immobilien AG: Financial year 2011 publication / Changes in the Supervisory Board

IVG Immobilien AG  / Key word(s): Final Results/Change of Personnel

28.03.2012 07:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Return to profitability through expansion of real estate and cavern
business and innovative fund products

Financial year 2011: Consolidated net loss of EUR126 million primarily
attributable to substantial impairment losses on the nearly completed major
project ´THE SQUAIRE´

New Chairman of the Supervisory Board: Stefan Jütte, CEO of Postbank AG,
set to succeed Detlef Bierbaum

New Group management team systematically presses ahead with IVG´s
development into an integrated real estate and infrastructure investor:

* Debt reduced by EUR460 million in 2011; a further reduction of EUR1
billion and a corresponding rise in the equity ratio from the current level
of 20% to almost 30% is planned for the period from 2012 to 2014
* New real estate business: Focus on Germany and co-investments for
selected IVG fund products
* Expansion of cavern and energy infrastructure business: 14 new oil and
gas storage caverns in 2012/13
* IVG aims to break even in 2012 and record a substantial net profit in
2013

Frankfurt a.M. / Bonn, 28 March 2012 - IVG Immobilien AG closed the
financial year 2011 with a consolidated net loss of EUR126 million, largely
as a result of non-recurring impairment losses on its phase out development
business. Driven by the accelerated expansion of storage facilities for oil
and natural gas (caverns), the continuation of the successful co-investment
strategy in the real estate sector and new, innovative fund products for
institutional and private investors, IVG intends to return to clear
profitability by 2013 at the latest. The Board of Management expects to
break even in 2012. The real estate group will also be expanded into an
integrated real estate and infrastructure investor through additional
investments in the area of energy infrastructure.

New Chairman of the Supervisory Board
At the Annual General Meeting on 15 May 2012 it is planned that  the
current Chairman of the Board of Management of Postbank AG, Stefan Jütte
will be elected as a new member of IVG´s Supervisory Board. Mr. Jütte is
expected to take over as Chairman of the Supervisory Board, succeeding
Detlef Bierbaum, who will step down from the Board.

Operational success across all divisions and significant reduction in debt
despite net loss for the year
The consolidated net loss for the year, which was attributable to
impairment losses on the major project ´THE SQUAIRE´, should not distract
from the important strategic measures and operational successes recorded in