DGAP-News

TLG IMMOBILIEN AG's Annual General Meeting sets course for further growth

DGAP-News: TLG IMMOBILIEN AG / Key word(s): AGM/EGM/Real Estate
TLG IMMOBILIEN AG's Annual General Meeting sets course for further growth

01.06.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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Press release

TLG IMMOBILIEN AG's Annual General Meeting
sets course for further growth

- Resolutions proposed by the Management Board and the Supervisory Board
passed with large majorities

- EUR 0.72 dividend per share resolved

- Management Board authorised to implement further corporate actions

- Helmut Ullrich elected as a member of the Supervisory Board

- Alexander Heße resigned from the Supervisory Board with effect from the
conclusion of the Annual General Meeting

Berlin, 1 June 2016 - Yesterday, the second Annual General Meeting of TLG
IMMOBILIEN AG since the Company's IPO set the course for the Company's
further growth. All resolutions proposed by the Management Board and the
Supervisory Board were passed by a large majority of shareholders in
attendance.

The proposal on the allocation of net retained profits for financial year
2015 amounting to approx. EUR 50.6 m was adopted by the Annual General
Meeting with a 99.9998% majority of the voting shareholders. In accordance
with this resolution, a total amount of approx. EUR 48.6 m will be
distributed as a dividend to the shareholders. That corresponds to a EUR
0.72 dividend per share. The remainder of approx. EUR 2.0 m will be carried
forward to new account. Since the dividend will be paid entirely from the
contribution account for tax purposes within the meaning of § 27 of the
German Corporation Income Tax Act (Körperschaftsteuergesetz), it will be
distributed without any tax on investment income or solidarity surcharge
being withheld, and the dividend payment will not result in taxable
investment income pursuant to § 20 (1) sentence 1 no. 1 of the German
Income Tax Act (Einkommensteuergesetz).

The actions of the members of the Management Board and the Supervisory
Board in 2015 were approved by significant majorities of 99.9% and 99.4%,
respectively, of the Company's voting share capital represented at the
Annual General Meeting.

The Annual General Meeting again elected Ernst & Young
Wirtschaftsprüfungsgesellschaft GmbH, Berlin, as auditor of the annual and
consolidated financial statements for financial year 2016 and to review the
2016 half-yearly financial report; the firm was elected by a 98.1% majority