DGAP-Adhoc: Deutsche Wohnen AG announces subscription price for cash capital increase

Deutsche Wohnen AG  / Key word(s): Capital Increase

24.11.2011 11:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

Frankfurt/Main and Berlin, November 24, 2011 - Today, Deutsche Wohnen AG
determined the subscription price per new no par value ordinary bearer
share at EUR 9.10 in connection with its cash capital increase from
authorized capital resolved on November 14, 2011. Upon exercise of all
subscription rights and issuance of all 20.46 million new shares offered in
the subscription offering the company would receive gross proceeds in the
amount of approximately EUR 186 million. The actual gross proceeds are
expected to
be determined during the course of November 29, 2011.

The net proceeds are to be used for selective acquisitions in the company's
existing core regions and in German metropolitan areas. Net proceeds of
approximately EUR130 million will be used in the short term to refinance
the credit lines utilized for previous portfolio acquisitions and to
finance the purchase price for already signed acquisitions. Following the
repayment of the credit lines, they will once again be available for
additional potential acquisitions. Assuming a sustained favorable market
environment for acquisitions, the company expects to invest the total net
proceeds within the next 12 to 15 months.

The new shares are offered to shareholders for indirect subscription at a
ratio of 4:1. The subscription period ends on November 28, 2011. The
company grants to any shareholders who have already placed their exercise
notice, but do not elect to purchase the new shares at this subscription
price, the right to revoke their exercise notice by November 28, 2011.

Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main

International Securities Identification Numbers (ISINs):  DE000A0HN5C6 /
DE0006283302

Contact: 
Helge H. Hehl
Tel.: +49 (0)30 897 86-551
ir@deutsche-wohnen.com

This information neither constitutes a prospectus, nor an offer or an
invitation to purchase shares or other securities of Deutsche Wohnen AG nor
does it replace the prospectus. the prospectus approved by the German
Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht, BaFin) on November 14, 2011 has been
published and is available free of charge from Deutsche Wohnen AG and the
underwriting banks. This information does not constitute an offer to sell
or buy securities in the USA, Canada, Australia and Japan. The shares of
Deutsche Wohnen AG are allowed to be offered or sold in the USA only after
prior registration in accordance with the provisions of the U.S. Securities
Act 1993, as amended, or on the basis of a registration exemption. There
will be no public offering of shares in the USA.

This information contains forward-looking statements that are based upon
current views and assumptions of the Deutsche Wohnen AG management, which
were made to its best knowledge. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors which could cause
the earnings position, profitability, performance or the results of
Deutsche Wohnen AG or the success of the housing industry to differ
materially from the earnings position, profitability, performance or the
results expressly or implicitly assumed or described in these
forward-looking statements. In consideration of these risks, uncertainties
and other factors, persons receiving these documents are advised not to
unreasonably rely on these forward-looking statements. Deutsche Wohnen AG
does not assume any obligation to update such forward-looking statements
and to adjust them to any future results and developments.


Contact:
+49 (0)30 / 897 86 - 551




24.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Deutsche Wohnen AG
              Pfaffenwiese 300
              65929 Frankfurt
              Germany
Phone:        +49 (0)30 89786-0
Fax:          +49 (0)30 89786-507
E-mail:       ir@deutsche-wohnen.com
Internet:     http://www.deutsche-wohnen.com
ISIN:         DE000A0HN5C6, DE0006283302
WKN:          A0HN5C, 628330
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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