DGAP-News

DIC Asset AG: Successful 2014 Financial Year - Strategy Plan 2016 Progressing according to Plan - Seite 2

has laid the ground for completing its largest property developments in
Frankfurt and Hamburg, thereby implementing a key factor of its planned
strategy through 2016. In the next step, the company will now position
itself in line with this strategy by realising the following major
mile-stones:

- Intensifying the strategic focus on the active management and the cash
flow of the directly held commercial portfolio.

- Phasing out the equity investments in property developments, the idea
being to focus future property development activities on the
redevelopment of assets held in the proprietary portfolio.

- In the ongoing year of 2015, we will continue with our efforts to bring
down our debt rate to an LTV ratio of 60% by year-end 2016 through
stepped up property sales from the entire DIC Asset AG portfolio,
current income from the proprietary portfolio, added growth of the fund
business, and profits from realising our property developments.

- Going forward, DIC Onsite, which operates nationwide, will also provide
services to selected third-party clients. Opening the Company to
third-party business will realise economies of scale and further
enhance the profitability of this line of business while expanding the
management with an eye to a larger high-key real estate portfolio.

- This means that the prerequisites are in place to systematically
evaluate consolidation tendencies and existing strategic options on the
commercial real estate market.

The Deutsche Immobilien Chancen-Group, known for its successful joint
investments together with DIC Asset AG in property developments, for
instance, will collaborate with the KKR investment company through the
recently formed German Estate Group AG (GEG) to engage in future property
developments and opportunistic investments. Ulrich Höller (49) will assume
the position of CEO of GEG; at the same time he will resign as CEO of
Deutsche Immobilien Chancen-Group (for details, see the press release by
GEG on the subject). GEG will also count among the future clients of DIC
Onsite as service provider for the real estate management.


Senior Management Changes for DIC in 2016 and thereafter

The proven senior management team headed by Ulrich Höller (49) will
continue to pursue the corporate strategy with its clear focus on the
portfolio property business in 2015. At the end of 2015, at the expiration
of his current contract as CEO, Ulrich Höller will leave the management