Deutsche Wohnen and RREEF agree on compensation for losses

Deutsche Wohnen AG  / Key word(s): Scheme of Arrangement

28.12.2011 14:13

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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Frankfurt/Main and Berlin, 28 December 2011 - Deutsche Wohnen AG and RREEF
Management GmbH (RREEF) have agreed on a court settlement in order to
conclude court proceedings relating to loss compensation claims with regard
to the financial years 1999 to 2001 and 2004 to 2006 (first half year).
Subject to the settlement being binding and a court notification on the
withdrawal of the company's appeal RREEF will make a payment of EUR 20
million to the company. Each party will bear the cost of their legal
counsel and the costs of the court will be split equally.

Until mid-2006 RREEF and the company were parties to a Beherrschungsvertrag
(domination agreement). The dispute between the parties is, whether the
losses of those financial years, in total about EUR 63 million, were
compensated in accordance with the German stock corporation act by means of
withdrawals from the company's capital reserves. The Landgericht (district
court) Frankfurt found this type of loss compensation to be legal and
dismissed the company's action for compensation in cash in August this
year. The company had filed an appeal against this judgement with the
Oberlandesgericht (court of appeals) Frankfurt.

The settlement is subject to a special resolution of the shareholders being
passed in a general assembly and to no objection being lodged in such
assembly by a minority comprising shares of one tenth of the capital
represented. The company intends to submit the settlement for approval to
its ordinary general assembly 2012. In case of an approval and subject to
its
share in the cost of the proceedings, the company receives a respective
return from the settlement.

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




28.12.2011 DGAP's Distribution Services include Regulatory Announcements,
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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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