DGAP-News: Announcement Pursuant to Art. 4 para. 2 of Commission Regulation (EC) No. 2273/2003: DIC Asset AG decides to conduct share buyback

DIC Asset AG / Share Buyback

09.10.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The Management Board of DIC Asset AG has resolved with the consent of the
Supervisory Board to buy back shares of the company of up to 5% of the
share capital, corresponding to up to 1,567,499 shares. The share buyback
shall start on October 10, 2008 and is to be ended on February 10, 2009 at
the latest.

With this move, the Management Board makes use of the authorization to
acquire own shares granted by the Annual General Meeting of DIC Asset AG
held on May 14, 2008 in accordance with Sec. 71 para. 1 No. 8 German Stock
Corporation Act. The shares that are bought back may be used for any
purpose set forth in the authorization resolution of the Annual General
Meeting of May 14, 2008. This includes the redemption of the shares.

The share buyback will be carried out on behalf and account of the company
through a bank commissioned by the company. The bank will decide on the
timing of the purchase of the shares and the purchase volume independently,
without being influenced by the company. The share buyback will be
conducted via the stock exchange, as favourably as possible for DIC Asset
AG. The purchase price per share (excluding transaction ancillary costs)
may not be more than 10% over or under the price determined on the trading
day by the opening auction in the Xetra trading system (or a comparable
successor system) on the Frankfurt Stock Exchange.

Furthermore the bank has been committed to comply with the conditions for
trading as per Art. 5 of the Commission Regulation (EC) No. 2273/2003 dated
December 22, 2003. The purchase price must not be above the higher of the
price of the last independent trade and the highest current independent bid
on the relevant stock exchange. The bank must not purchase more than 25 %
of the average daily volume of the shares in any one day on the regulated
market on which the purchase is carried out; this volume must be based on
the average daily volume traded in the 20 trading days preceding the date
of purchase.

To the extent required and legally permissible, the buyback program may be
suspended and resumed at any time.

The transactions will be disclosed in accordance with Art. 4 para. 4 of the
Commission Regulation (EC) No. 2273/2003 no later than on the seventh
trading day following their conclusion. In addition, DIC Asset AG will
provide regular updates on the progress of the share buyback at
www.dic-asset.de.

Frankfurt, October 9, 2008


DIC Asset AG
The Management Board

DIC Asset AG / Investor Relations

Ina Lack
Tel.  +49 69 9 45 48 58-58
Fax  +49 69 9 45 48 58-99
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main


DGAP 09.10.2008 
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Language:     English
Issuer:       DIC Asset AG
              Eschersheimer Landstr. 223
              60320 Frankfurt
              Deutschland
Phone:        +49 69 9454858-0
Fax:          +49 69 9454858-99
E-mail:       info@dic-asset.de
Internet:     www.dic-asset.de
ISIN:         DE0005098404
WKN:          509840
Indices:      S-DAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Hannover,
              Hamburg; Freiverkehr in Berlin, Düsseldorf, München,
              Stuttgart
End of News                                     DGAP News-Service
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