DGAP-News

2014 Shareholder Meeting of DIC Asset AG

DGAP-News: DIC Asset AG / Key word(s): AGM/EGM
2014 Shareholder Meeting of DIC Asset AG

02.07.2014 / 12:26

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Press Release

Frankfurt, 02 July 2014

2014 Shareholder Meeting of DIC Asset AG:

- All agenda items approved by clear majority votes

- Dividend set at EUR 0.35 per share

- Management Board confirms forecast for 2014 (FFO: EUR 47 - 49 million)


Today's shareholder meeting of DIC Asset AG (WKN A1X3XX / ISIN
DE000A1X3XX4) in Frankfurt am Main ended after about 1.5 hours at 11:32am
CET. With around 64.39 percent of the share capital represented it passed
the motions submitted by the senior management with clear majorities for
every item on the agenda just like in previous years (for a breakdown of
the voting results, see the table below), among them the distribution of a
dividend amounting to EUR 0.35 per share (2013: EUR 0.35). Based on
yesterday's share price, the dividend yield equals around 4.4 percent
(2013: 4.4 percent).

The Management Board confirmed the forecast for 2014:

- continued growth in earnings through further portfolio optimisation and
the expansion of the fund business (planned fund acquisitions on the
order of EUR 150 - 200 million).

- The elevated sales volume of approximately EUR 150 million will play a
definitive role in the ongoing effort to bring down the loan-to-value
ratio.

- The rental income is expected to amount to between EUR 145 million and
EUR 147 million.

- On this basis, DIC Asset AG plans to realise a FFO of EUR 47-49 million
in 2014.


Summary of the voting results:

Agenda Item                                                      Approved

                                                                 in percent



1. Presentation of 2013 annual accounts                          no vote



2. Use of profit available for distribution                      99.99



3. Discharge of the Board of Directors                           99.85



4. Discharge of the members of the Supervisory Board             99.30



5. Election of auditors for 2014                                 96.27

For details on DIC Asset AG as well as the quarterly report for Q1 2014,
please visit us on the Internet at www.dic-asset.de.

About DIC Asset AG:

Established in 2002, DIC Asset AG, with registered offices in Frankfurt am
Main, is a real estate company with a dedicated investment focus on
commercial real estate in Germany, pursuing a return-oriented investment
policy. The company has a total of around 250 real property assets worth