The DIC Group is one of the leading investors in the German market for commercial real estate

Press Release

DIC Asset AG appoints Jürgen Overath as Member of Management Board

Frankfurt, 02.05.2005

The Supervisory Board of DIC Asset AG, Frankfurt, has appointed Jürgen Overath as Chief Operating Officer. With effect from June 2005, Overath will succeed Rüdiger Weitzel, who has left the company. Jürgen Overath, a business economist, is considered an expert in the field of corporate real estate management, in particular in the acquisition and development of real estate portfolios.

DIC Asset AG is quoted on the Munich and Stuttgart Stock Exchanges and currently manages real estate assets totaling over Euro 300 million with excellent occupancy rates. Included in this total are the German headquarters of eBay in Berlin and a real estate portfolio of around 60 properties in good to very good locations in downtown Frankfurt acquired from Frankfurter Sparkasse.

In its recently released annual report for 2004, DIC Asset AG reported a five-fold increase in group net profit to approx. Euro 2.5 million. The Executive Board and Supervisory Board will be proposing an increase in the dividend to Euro 0.35 per share at the Annual Shareholders’ Meeting on July 19, 2005.

About DIC Asset AG (ISIN: DE0005098044, Ticker: DAZ)
DIC Asset AG is a public limited company in the real estate sector listed on the Stock Exchange, specializing in portfolio and asset management of commercially-used real estate, in particular office and retail properties. DIC Asset AG’s real estate portfolio includes, amongst others, the German headquarters of eBay in Berlin, the Head Office of Siemens Building Technologies in Frankfurt am Main and a portfolio of approx. 60 properties in good to very good locations in Frankfurt, let to Frankfurter Sparkasse as main tenant.

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