IMW Immobilien AG / Half Year Results/Miscellaneous 28.11.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- IMW Immobilien Aktiengesellschaft Stresemannstr. 78 10963 Berlin ISIN-Nr. DE 000 A0BVWY6 und DE 000 A0BVWZ3 Announcement according § 15 WpHG In the period under review 01 April 2008 bis 30 September 2008 (half year report 2008/2009) the rental income improved slightly to 29.0 million Euro (prior year: 28.9 million Euro) and the result from operation to 16.4 million Euro (prior year: 15.0 mil-lion Euro). From the valuation of investment property as of 30 September 2008 there were unrealized losses of 73.3 million Euro in total. The interest result of -14.6 million Euro lay under the prior year result of 13.8 million Euro. The Group net loss for the first six months of the current financial year was 61.6 million Euro. For the prior year period there was a group net income of 22.4 million Euro which was mainly driven by tax effects. In the valuation we had to account an additional depreciation of 7.8 million for a small portfolio. This was necessary due to the business failure of the subsidiary Valbonne Real Estate 7 B.V. which we have to indicate to the court of Charlottenburg (Berlin) today. The insolvency process has to start because the bank has refused the extension of remaining of 1.6 million Euro. The fair value of this portfolio was 19.6 million Euro and due to the IFRS-regulations we have to valuate this portfolio at a forced sale level. End of announcement Mr. Poehlmann, 0170/2288009 DGAP 28.11.2008 --------------------------------------------------------------------------- Language: English Issuer: IMW Immobilien AG Stresemannstraße 74 10963 Berlin Deutschland Phone: +49 (0)30 889 2269-0 Fax: +49 (0)30 889 2269-99 E-mail: info@imw-ag.de Internet: www.imw-ag.de ISIN: DE000A0BVWY6, DE000A0BVWZ3 WKN: A0BVWY Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: IMW Immobilien AG:unrealized losses from valuation
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