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

Press Release

DIC Asset AG: Shareholders emphasize their trust in the company development – around 50% acceptance rate for scrip dividend

Frankfurt, 26.04.2019

• Scrip dividend acceptance rate of around 50%, increase of 13% year-on-year
• Equity capital strengthened by EUR 16.1 million for future growth
• 1,687,527 new no-par value shares issued (capital increase of around 2.4%)

Frankfurt am Main, 26 April 2019. DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4), one of Germany's leading listed property companies, successfully concluded its offer of a scrip dividend for the 2018 financial year with an acceptance rate of almost 50%. A total of 1,687,527 new no-par value shares with full dividend entitlement will be issued, which are expected to be booked into shareholders' securities accounts and included in the existing listing of the company's shares on the Frankfurt Stock Exchange as of 30 April 2019. Issuance of the new share certificates will bring the subscribed capital of DIC Asset AG up to a total of EUR 72,213,775 and imply an increase of around 2.4%.

"The high acceptance rate of almost 50% represents an increase over prior year and is a strong vote of confidence for us. The positive response to the scrip dividend shows that our shareholders have faith in the intrinsic value of their investment in DIC Asset AG and intend to expand it further. The company's equity grows by EUR 16.1 million, which we will use for further growth," said Sonja Wärntges, CEO, as she commented on the end of the offer period.

Just like last year, all shareholders had the option of receiving the dividend either in cash or in the form of new shares. The cash dividend is expected to be disbursed on 29 April 2019. Overall, 35.1 million pro-rata dividend claims in the amount of EUR 0.46 per share were exchanged for new shares in the company. A basic dividend of EUR 0.02 per share will be paid out in cash to meet possible tax obligations. The subscription price was EUR 9.57 while the subscription ratio was 20.8 to 1. The distribution is to 90% tax-exempt. The total dividend for the 2018 financial year adds up to EUR 0.48 per share, which implies a dividend yield of 5.3% on the year-end closing price of 2018.

For more details on DIC Asset AG, go to the internet at www.dic-asset.de.

Contact:
DIC Asset AG
Nina Wittkopf
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20 – MainTor
D-60311 Frankfurt am Main
Phone +49 69 9454858-1462
Fax +49 69 9454858-9399
ir@dic-asset.de

About DIC Asset AG:
DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate. With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has 178 assets with a combined market value of c. EUR 5.6 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues.
In its Commercial Portfolio division (EUR 1.7 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.8 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 2.1 billion in assets under management) are strategic financial investments, the management of properties in which the company holds no equity stakes, equity investments in property developments and joint venture investments. DIC Asset AG has been included in the SDAX® segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies. (as of: 31/12/2018)

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