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    DGAP-News: DIC Asset AG / Key word(s): 9-month figures
    DIC Asset AG with strong operative business

    11.11.2014 / 07:33

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    Frankfurt, 11 November 2014

    DIC Asset AG with strong operative business

    - Gross rental income up by 20 per cent, to EUR 110.7 million
    - FFO up 3 per cent, to EUR 35.4 million (9m 2013: EUR 34.3 million)
    - Strong letting performance of 155,000 sqm - vacancy rate stable, at
    11.5 per cent
    - Average interest rate declined to 3.9 per cent (31 Dec 2013: 4.1 per
    cent)
    - Forecast for 2014 FFO affirmed, at EUR 47 million to EUR 49 million


    DIC Asset AG (German Securities ID A1X3XX / ISIN DE000A1X3XX4) today
    presented its interim report for the first nine months of the 2014
    financial year. The Company maintained growth momentum in its operative
    business, and affirms its full-year forecast. Business development was
    shaped by several factors: the strong increase in rental income, combined
    with high letting performance; brisk sales activities, with additional
    transactions in the pipeline for the fourth quarter; and the Company's
    third corporate bond issue, which has replaced the higher-yielding first
    corporate bond issued in 2011.

    Continued growth in operating results

    Gross rental income rose by 20 per cent during the first nine months of the
    year, to EUR 110.7 million (9m 2013: EUR 91.9 million). Rental income from
    the joint-venture portfolio acquired at the end of 2013 exceeded the loss
    of rental income due to disposals.

    Nine-month FFO (funds from operations, defined as earnings before interest
    and taxes, and excluding profits from disposals and development projects)
    of EUR 35.4 million was up 3 per cent year-on-year (9m 2013: EUR 34.3
    million), reflecting the increase in rental income through the
    joint-venture portfolio acquired. FFO per share (including the share
    capital increase at the end of 2013) amounted to EUR 0.52 as at 30
    September 2014 (30 Sep 2013: EUR 0.73). Nine-month profit for the period of
    EUR 5.9 million (9m 2013: EUR 10.6 million) was in line with expectations.
    Key factors influencing results were lower profits on property disposals
    for the period ending on 30 September 2014, compared to the same period of
    the previous year, as well as non-recurring expenses for the placement of
    the third bond and termination of the first bond.

    Full-year forecasts affirmed

    DIC Asset AG affirms its FFO forecast of EUR 47 million to EUR 49 million
    for the 2014 financial year (2013: EUR 45.9 million), based on expected
    full-year rental income of between EUR 145 million and EUR 147 million
    (2013: EUR 125.2 million).

    Reliably strong operating income
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    DGAP-News DIC Asset AG with strong operative business DGAP-News: DIC Asset AG / Key word(s): 9-month figures DIC Asset AG with strong operative business 11.11.2014 / 07:33 --------------------------------------------------------------------- Frankfurt, 11 November 2014 DIC Asset AG with strong …

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