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DGAP-Ad-hoc: PATRIZIA Immobilien AG plans to issue up to 4.73 mm new shares to finance recent and future portfolio acquisitions

The management board of PATRIZIA Immobilien AG (ISIN: DE000PAT1AG3) ('PATRIZIA') has decided today, with the approval of the Supervisory board, to issue up to 4,730,000 new ordinary shares through a capital increase against cash contributions.

The proceeds are intended to finance both already acquired real estate portfolios and future acquisitions.

The new shares represent approx. up to 9.98% of PATRIZIA’s registered share capital and are offered by means of an Accelerated Bookbuilding to German and international institutional investors only.

The cash-capital increase is based on PATRIZIA’s authorised capital resolved by the shareholders’ meeting on February 23, 2006 and is contained in the company’s articles of association. The new shares are offered without pre-emptive rights for existing shareholders.

The placement of the new shares is expected to close tomorrow. The exact proceeds from the offering will be announced following the pricing of the transaction.

Following the capital increase First Capital Partner’s share in PATRIZIA is expected to be reduced from 50.02% to 45.48%, while the free float will presumably increase to 54.52%. According to PATRIZIA’s CEO, Mr. Wolfgang Egger, First Capital Partner has no intention to sell any PATRIZIA shares in the medium term and will continue to be a long-term core shareholder in PATRIZIA.

JPMorgan is acting as Sole Bookrunner of the transaction.

The Managing Board
Augsburg, January 9, 2007

PATRIZIA Immobilien AG
Fuggerstrasse 26
86150 Augsburg 

Listing:  Frankfurt Official Market (Prime Standard)

Investor Relations    
Claudia Kellert

Phone:+49 (0) 821 5 09 10-360 
Fax:+49 (0) 821 5 09 10-399


Andreas Menke

Phone:+49 (0) 821 5 09 10-655
Fax:+49 (0) 821 5 09 10-695


Financial News transmitted by DGAP

Issuer:PATRIZIA Immobilien AG
 Fuggerstraße 26
 86150 Augsburg
Phone:+49 (0)821 - 509 10-000
Fax:+49 (0)821 - 509 10-999
Listed:Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hamburg, Düsseldorf, Stuttgart

Ende of News - DGAP News-Service

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