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DIC Asset AG: Letter to Shareholders

DIC Asset AG / MiscellaneousCorporate news transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------This letter has been sent to shareholders and investors of DIC Asset AGtoday:Dear Madam, Dear Sir, Prior to publication of our six-monthly report for 2006, which we shall bepresenting in detail on the 21st of August, we wanted to provide you nowwith the major details of the very successful initial six months of 2006.In the first half of 2006, DIC Asset AG was able to further develop thesuccess of its business through acquisitions and sales: Proportionateproperty acquisitions amounting to 217 million euros were contractuallyagreed, and properties from the Fraspa, as well as the MEAG Portfolio tothe proportionate value of 6 million euros were successfully sold, that itto say with an attractive margin. As we had reported, two majoracquisitions dominated our activities: At the end of June, DIC Asset AG hadacquired a property portfolio of 15 properties with a total usable area ofaround 95,000 sqm from Häusser-Bau in Bochum. The total investment volumewas around 123 million euros. At the end of May, we were also involved intaking over a property portfolio of 10 properties with a total usable areaof 80,000 sqm from Hochtief.We presume that DIC Asset AG will conclude contracts for comparableacquisitions of a similar size by the end of the year. As a result, we arewell above the plan for the current year. Our success is also determined bythe fact that we are able to let out our portfolio properties with anattractive return. Accordingly, in the first half of the year, we achieveda letting of 2,400 sqm to Schuhhaus Görtz in the new Bienenkorbhaus complexin FrankfurtYours sincerely Ulrich Höller, CEO  Markus Koch, CFODIC Asset AG/Investor RelationsStephan GramkowGrünhof · Eschersheimer Landstraße 22360320 Frankfurt am MainFon. (069) 27 40 33-10Fax (069) 27 40 DGAP 14.07.2006 ---------------------------------------------------------------------- Language:     EnglishIssuer:       DIC Asset AG              Eschersheimer Landstr. 223              60320 Frankfurt DeutschlandPhone:        069 / 274033-0Fax:          069 / 274033-69E-mail:       info@dic-asset.deWWW:          www.dic-asset.deISIN:         DE0005098404WKN:          509840Indices:      S-DAXListed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in              Berlin-Bremen, München, Stuttgart, Düsseldorf End of News                                     DGAP News-Service ---------------------------------------------------------------------------