DGAP-Adhoc

Deutsche Wohnen AG: Consensus on the Amount of Compensation and Settlement for the Planned Conclusion of the Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG

Deutsche Wohnen AG / Key word(s): Contract

23.04.2014 11:29

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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Consensus on the Amount of Compensation and Settlement for the Planned
Conclusion of the Domination Agreement between Deutsche Wohnen AG and GSW
Immobilien AG

Frankfurt/Main and Berlin, 23 April 2014. As announced on 7 March 2014,
Deutsche Wohnen AG and GSW Immobilien AG intend to conclude a Domination
Agreement with Deutsche Wohnen AG as the controlling entity and GSW
Immobilien AG as the controlled entity.

After completion of the work of the jointly appointed valuation expert,
Deutsche Wohnen AG and GSW Immobilien AG have agreed, subject to the
findings of the court-appointed contract auditor and the approval by the
supervisory boards of Deutsche Wohnen AG and GSW Immobilien AG, to offer
the minority shareholders under the Domination Agreement a settlement in
the amount of 7 Deutsche Wohnen AG shares for each 3 GSW Immobilien AG
shares. In addition, Deutsche Wohnen AG and GSW Immobilien AG have agreed,
subject to the aforementioned reservations, that a fixed annual payment in
the form of a guaranteed dividend in the amount of EUR 1.40 (after
deduction of current corporate income tax plus solidarity surcharge) per
GSW Immobilien AG share for each full business year for the minority
shareholders of GSW Immobilien AG shall be agreed upon in the Domination
Agreement.

In order to be valid, the Domination Agreement requires, in addition to the
aforementioned committee decisions, in particular the approval of the
general shareholders' meetings of Deutsche Wohnen AG and GSW Immobilien AG,
that are planned for 11 June 2014 and 18 June 2014, respectively, as well
as entry into the Commercial Register of GSW Immobilien AG.

Contact:
Helge H. Hehl, CFA
Tel.: [phone]
[e-mail]

This information contains forward-looking statements that are based upon
current views and assumptions of the Deutsche Wohnen AG management, which
were made to its best knowledge. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors. In consideration
of these risks, uncertainties and other factors, persons receiving these
documents are advised not to unreasonably rely on these forward-looking
statements.


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Language: English
Company: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6, DE000A1X3R56, DE0006283302,
WKN: A0HN5C, A1X3R5, 628330
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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