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DIC Asset AG raises profit forecast

DIC Asset AG / MiscellaneousRelease of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------The Management Board of DIC Asset AG (German Securities ID 509840 / ISINDE0005098404) has raised its forecast for the Company’s 2007 profits(earnings after taxes and depreciation) to Euro 36 to 38 million; theprevious forecast was Euro 32 to 35 million. The increase is predominantlydue to the positive business development during the first half of 2007:thanks to success in acquisitions, DIC Asset AG has already invested inexcess of Euro 550 million this year. These investments will have anadequate impact on results for the second half of 2007. Business during thefirst six months was also characterised by continued high-quality growth inasset management and property management. The sale of the ‘Mustang’portfolio to two Luxembourg-based investors – notarised in April, andsubsequently closed – also contributed significantly to the gratifyingresults. Moreover, a residential portfolio and several individualproperties were sold during the second quarter.According to preliminary figures, second-quarter EBITDA (earnings beforeinterest, income taxes, depreciation and amortisation) was approx. Euro 29million (Q2 2006: Euro 5.1 million), bringing EBITDA for the first half of2007 to approx. Euro 45 million (first half of 2006: Euro 9.4 million).Six-month earnings before taxes (EBT) are expected to amount to Euro 22million (first half of 2006: Euro 4.9 million).DIC Asset AG will publish a detailed report on the first half of 2007 on 13August 2007. Investor Relations:Stephan GramkowGrünhof - Eschersheimer Landstraße 22360320 Frankfurt am MainFon. +49-69-9454858-39Fax +49-69-9454858-99ir@dic-asset.de DGAP 03.07.2007 ---------------------------------------------------------------------- Language:     EnglishIssuer:       DIC Asset AG              Eschersheimer Landstr. 223              60320 Frankfurt DeutschlandPhone:        +49 69 9454858-0Fax:          +49 69 9454858-99E-mail:       info@dic-asset.deInternet:     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 ---------------------------------------------------------------------------