DIC Asset AG / Quarter ResultsRelease 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.----------------------------------------------------------------------DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) todaypresented its first quarterly report for the 2007 financial year. With astrong increase in profitability – both in absolute terms, and in terms ofreturn on capital – the results reflect the top quality and extraordinaryearnings performance of investments made during the last year, worthapproximately one billion euros. At EUR 4.9 million (up 277 per cent), DICAsset AG’s consolidated net income was almost four times the figurerecorded for the first quarter of 2006. Earnings per share improvedsignificantly, from EUR 0.12 to EUR 0.17 (up 42 per cent).Total revenues for the first quarter of 2007 were EUR 6.8 million higherthan during the same period of the previous year, at EUR 21.8 million (up221 per cent). Rental income was up strongly, by EUR 6.0 million (up 217per cent) to EUR 19.0 million, mainly as a result of the significantexpansion in the real estate portfolio. 91 per cent of properties in theportfolio are let.At the same time, the increase in total expenses – up by EUR 6.2 million,or 172 per cent, to EUR 9.8 million – was clearly lower than revenuegrowth.EBITDA (earnings before interest, income taxes, depreciation andamortisation) rose by 277 per cent during the first three months, to EUR16.2 million. Operating profit (funds from operations, calculated asearnings before depreciation, taxes, profits from disposals and developmentprojects) increased by 259 per cent to EUR 10.4 million. In terms of theaverage number of shares outstanding during the quarter, the operatingprofit figure improved significantly, up 29 per cent from EUR 0.28 to EUR0.36 per share. Cash flow from operating activities tripled, from EUR 3.0million in the first quarter of the previous year, to EUR 9.0 million.DIC Asset AG profit margin (profit for the period in relation to totalrevenues) grew by 2.9 percentage points to 22.2 per cent.At EUR 1.4 billion, DIC Asset AG’s total assets slightly exceeded thelevels at the end of last year (31 Dec 2006: EUR 1.3 billion). The equityratio stands at a comfortable 38.7 per cent.Having initiated further major transactions after the quarterly reportingdate, DIC Asset AG’s aggregate investments in real estate portfolios duringthe first five months of 2007 have already exceeded a level of EUR 550million.The DIC Asset AG share was included in the GPR 250 index in April: theindex tracks the performance of the 250 most actively-traded listed realestate companies.The company’s results for the first quarter of 2007 had exceeded its ownprojections: Given the benign market environment, and thanks to itsexcellent reputation as a professional real estate investor, DIC Asset AGhas the opportunity to maintain this strong momentum in its business. DICAsset AG is planning further acquisitions of at least EUR 700 million forthe remainder of 2007 and confirms its targets for 2007.Investor Relations:Stephan GramkowGrünhof - Eschersheimer Landstraße 22360320 Frankfurt am MainFon. +49-69-9454858-39Fax +49-69-9454858-99ir@dic-asset.de DGAP 14.05.2007 ---------------------------------------------------------------------- Language: EnglishIssuer: DIC Asset AG Eschersheimer Landstr. 223 60320 Frankfurt DeutschlandPhone: +49 69 9454858-0Fax: +49 69 9454858-99E-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 ---------------------------------------------------------------------------