ADLER Real Estate AG / Key word(s): Disposal 30.12.2013 13:24 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Notifice in Accordance with § 15 of the Securities Trading Act ADLER Real Estate sells minority interests - at-equity-Valuation from nine-months results realised - Cash inflow of EUR 3.0 million Hamburg, 30 December 2013. ADLER Real Estate AG, Frankfurt/M. (ISIN DE0005008007) has sold its 49 percent stake in a real estate portfolio which was acquired at the end of August 2013 to its joint venture partner. The transaction has no additional effect on earnings but confirms over 90 percent of the at-equity-valuation of approx. EUR 9.0 million which had already been reflected in the results of the company's third quarter report. In addition ADLER will receive liquidity in the amount of EUR 3.0 million. The sale of the investment is related to the long term strategy of retaining only majority-run portfolios. The portfolio originally included approx. 2,100 residential units and was acquired by the beginning of May 2013. As part of the acquisition of the portfolio 51 percent of the holdings were sold to a joint venture partner by the end of August. At the same time the holding company of the entire portfolio also sold 900 residential units. ADLER will use the additional liquidity for the acquisition of residential property portfolios with potential for appreciation. The Management Board For inquiries please contact: Press: german communications dbk ag Jörg Bretschneider Alsterufer 34, 20354 Hamburg, Germany Phone: +49-(0)40/46 88 33 0 Fax: +49-(0)40/47 81 80 presse@german-communications.com Investor Relations: Hillermann Consulting Christian Hillermann PoststraÃe 14, 20354 Hamburg, Germany Phone: +49-(0)40/32 02 79 10 Fax: +49-(0)40/32 02 79 114 c.hillermann@hillermann-consulting.de 30.12.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ADLER Real Estate AG Alstertor 17 20095 Hamburg Germany Phone: +49 (0)40 - 29 8130-0 Fax: +49 (0)40 - 29 8130-35 E-mail: info@adler-ag.com Internet: www.adler-ag.com ISIN: DE0005008007, DE000A1R1A42, WKN: 500800, A1R1A4 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------