DIC Asset AG Successfully Places EUR 130 Million Corporate Bond

Press Release

DIC Asset AG Successfully Places EUR 130 Million Corporate Bond

Frankfurt/Main, 05 July 2017. DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) completed the placement of another corporate bond within a few hours. Based on the order book, the volume totals EUR 130 million, thereby exceeding the target volume of EUR 100 million. The coupon was fixed at 3.25 percent, and thus priced at the lower end of the marketing range. The maturity is five years. With the private placement successfully concluded, there will be no additional public offering of the corporate bond on 06 July 2017.

“Following the successful refinancing of the Commercial Portfolio in late 2016, the refinancing of the 2018 bond marks the next step in our ongoing effort to optimise the capital structure of DIC,” said Sonja Wärntges, CFO of DIC Asset AG.

The issuer intends to use the collected net issue proceeds to repay its outstanding debt, specifically its outstanding 5.750 percent bond over EUR 100,000,000 (ISIN: DE000A1TNJ22) and for general corporate purposes.

The listing application on the official list of the Luxembourg Stock Exchange and the admission of the bonds for trading on the regulated market of “Bourse de Luxembourg” has been filed. First trading day is expected to be 11 July 2017.

The private placement was handled by the Bankhaus Lampe KG and Citi as joint lead managers.

Disclaimer (Exclusion of Liability)

This document is intended solely for information purposes, and constitutes neither an offer of securities for sale nor a solicitation of an offer to purchase or subscribe securities.

This document constitutes neither an offer of securities for sale nor a solicitation to submit an offer for the purchase of securities in the United States of America, nor is it part of such an offer or such a solicitation. The securities have not been and will not be registered pursuant to the provisions of the United States Securities Act, and may not be sold or offered for sale in the United States of America except after prior registration pursuant to the provisions of the US Securities Act as amended or else on the basis of an exemption from the registration requirement.

The information provided in this publication must not be forwarded to or within the United States of America, Canada, Japan or Australia.

Unless expressly stated otherwise, all of the information, data, assumptions and forward looking statements contained in this document refer to information, data and forecasts that were available to the company at the time of publication. In accordance with applicable laws, DIC Asset AG assumes no obligation to, and will not, update this document in any form whatsoever.

For more details on DIC Asset AG, visit the company’s homepage at www.dic-asset.de.

About DIC Asset AG:
Established in 2002, DIC Asset AG, with registered offices in Frankfurt am Main, is a real estate company with investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The Company’s investment strategy is geared to the continued development of a high-quality, highly profitable, and regionally diversified portfolio. The company has around 200 real estate assets under management with an aggregate market value of EUR 3.6 billion. The real estate portfolio is structured in two segments: the “Commercial Portfolio” (EUR 2.0 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The “Co-Investments” segment (EUR 1.6 billion) comprises fund investments (pro-rata share of EUR 1.3 billion), joint-venture investments, and interests in development projects. In-house real estate management teams provide a direct service to tenants, working out of six different locations in each of the portfolio focus regions. This kind of market presence and expertise creates the basis for preserving and enhancing our earnings and real estate values. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company’s shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.