THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION IN THE
UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA.
Today, the Management Board of Colonia Real Estate AG (ISIN:
DE0006338007, WKN 633800), with the approval of the Supervisory Board,
has resolved to increase the Company's share capital from EUR
15,704,000 to EUR 21,985,600 by issuing 6,281,600 new ordinary shares
from authorized capital. Existing shareholders will be granted
subscription rights. New ordinary shares will be offered to existing
shareholders of Colonia Real Estate AG at a subscription ratio of two
new shares for each five shares held.
The subscription price was set at EUR 28.50 per new share, and
Colonia Real Estate AG expects to generate approx. EUR 179 million of
gross proceeds from the capital increase. The subscription period will
commence on 26 April 2007 and is expected to end on 09 May 2007.
Rights trading will also commence on 26 April 2007 and is expected to
end on 4 May 2007. The new shares carry full dividend rights as from 1
January 2006. The new shares are expected to be included in the
quotation of the Frankfurt stock exchange as of 11 May 2007.
Swiss Real Estate AG, the 32.5% shareholder of Colonia Real Estate
AG, has notified Colonia Real Estate AG, that it is intending to
participate in the capital increase with at least an 'Operation
Blanche', using the proceeds from the disposal of the majority of its
subscription rights to exercise the remaining subscription rights,
thus increasing its absolute number of ordinary shares held.
Colonia Real Estate will use the proceeds to further expand and
implement its strategic goals. In particular, Colonia Real Estate AG
will partially re-finance the recent acquisitions of majority stakes
in two residential real estate companies with approximately 9,850
residential units in aggregate (including the potential future
acquisition of the remaining stakes of 49% each, not yet acquired).
Furthermore, Colonia Real Estate AG intends to use parts of the
proceeds for its strong pipeline of potential investments in
residential real estate portfolios and co-investments in commercial
real estate in order to take advantage of the current favorable market
conditions. Additionally, Colonia Real Estate AG will use the proceeds
to further develop its strong market position in the German asset
management market, to strengthen its overall equity base and for
general corporate purposes.
UBS Limited as Global Co-ordinator, Merrill Lynch International as
Joint Bookrunner and UniCredit Markets & Investment Banking as Co-Lead
Manager are the underwriters on Colonia Real Estate AGs indirect
rights offering. Silvia Quandt Bank - Reprasentanz der biw Bank fur
Investments und Wertpapiere AG will act as Selling Agent.
About Colonia Real Estate AG
Colonia Real Estate AG (Reuters: KBUG.DE / Bloomberg: KBU GY) is a
listed real estate investment and management company focusing on the
German market. Its integrated business model consists of three
synergistic cornerstones: The Investment Division focuses on
high-yield residential property portfolios held for the company's
account and opportunistic co-investments in commercial real estate
together with prominent partners. Resolution GmbH has operations
across Germany and specializes in asset management for the Group as
well as for supraregional real estate portfolios held by international
investors, whom it also advises on transactions. The focus is on yield
optimization and the realization of appreciation potential. CRE Fonds
Management GmbH's core business is the conception, marketing and
management of structured investment products such as closed-end real
estate funds for institutional investors and private clients.
This announcement is not a prospectus and, to the extent that it
may constitute an advertisement, does not constitute an offer to sell
or the solicitation of an offer to purchase the shares or other
securities of Colonia Real Estate AG. Subject to the approval of the
relevant regulator, it is anticipated that a prospectus will be
published on 25 April 2007 and investors will be able to obtain a free
copy from Colonia Real Estate AG and the Global Coordinator.
This announcement is not an offer of securities for sale in the
United States. Securities may not be offered or sold in the United
States absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. Any public offering of
securities to be made in the United States of America will be made by
means of a prospectus that may be obtained from Colonia Real Estate AG
and that will contain detailed information about the company and
management, as well as financial statements. Colonia Real Estate AG
does not intend to register any part of the offering in the United
States.
This announcement is directed at and/or for distribution in the
United Kingdom: only to (i) persons who have professional experience
in matters relating to investments falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the 'Order') or (ii) high net worth entities falling within
article 49(2)(a) to (d) of the Order (all such persons being together
referred to as 'relevant persons'). This announcement is directed only
at relevant persons. Any person who is not a relevant person should
not act or rely on this announcement or any of its contents. Any
investment or investment activity to which this announcement relates
is available only to relevant persons and will be engaged in only with
relevant persons.
The information contained in this announcement is not for
publication or distribution in Canada, Australia or Japan and does not
constitute an offer of securities for sale in such countries.
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Contact: Christoph D. Kauter Head of Investor Relations
Colonia Real Estate AG Zeppelinstr. 4-8 50667 Koln
Telefon: +49 (0)221 71 60 71 0 Fax: +49 (0) 221 71 60 71 99
E-Mail: ir@cre.ag
Sylvia Faber
Citigate Dewe Rogerson GmbH Goethestrasse 26-28 60313
Frankfurt am Main
Tel: 0049-69 90 500 - 100 Fax: 0049-69 90 500 - 101
E-Mail: sylvia.faber@citigatedr.de
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Language: English
Issuer: Colonia Real Estate AG Zeppelinstr. 4 - 8 50667 Koln
Deutschland
Phone: 0221-716071-0
Fax: 0221-716071-99
E-mail: info@cre.ag
www: www.cre.ag
ISIN: DE0006338007
WKN: 633800
Indices: SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/
NAREIT, E&G DIMAX
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Dusseldorf; Freiverkehr in Hamburg, Munchen, Stuttgart
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