DIC Market

The DIC asset AG presents today 2009 its report on the annual result. In a still difficult market environment, the company has successfully run * operating result of EUR 47.6 million above forecast (FFO) * rental income and real estate values stable * 16.1 million euros net profit * dividend: 0.30 EUR per share the DIC asset AG (WKN 509840, ISIN DE0005098404) today presents its report on the results of the year 2009. In a still difficult market environment, the company has successfully managed: the FFO (funds from operations, earnings before depreciation, taxes, and the profits from sales and development projects) was 11 percent higher than the earnings of the previous year to EUR 47.6 million and has surpassed this original annual target as well as the latest forecast (45-46 million). Per share of FFO 1.54 EUR compared to the previous year (EUR 1.37) also has grown. The consolidated profit 2009 amounting to EUR 16.1 million shows good profitability in a still difficult market. The difference the very high prior-year result (2008: 25.2 million EUR) resulted mainly from the reduced sales activity in the face of the difficult transaction market. This corresponds to earnings per share of 0.52 EUR (2008: EUR 0.80).

Given the stable operating result, the DIC asset its shareholders involved this success with an unchanged compared to 2008 dividend of EUR 0.30 per share. The details of the annual result: 2009 the DIC asset generated total income amounting to EUR 171,3 million (2008: 207,1 million EUR). Major cause of the decline is the lower sales volume, which stood at EUR 15.2 million to EUR 34.7 million in the previous year. The stable rental income 133.6 million form the basis of the income (2008: 134.5 million EUR). Against the market trend 25 per cent were rented until the end of the year 2009 245.500 m more surfaces than in the same period last year.