IPO Corporate News

PRESS RELEASE

POLIS Immobilien AG: Greenshoe option exercised completely

Berlin, March 23, 2007 – In the context of the IPO of POLIS Immobilien AG (ISIN: DE0006913304 / WKN: 691330) the sole bookrunner UniCredit Markets & Investment Banking (Bayerische Hypo- und Vereinsbank) and POLIS announce, that the greenshoe option was exercised prematurely completely with effect from March 23, 2007 because of the strong demand. The 771,000 greenshoe-shares have been subscribed at the offer price of EUR 14.50. This results in additional funds of approx. EUR 11.2 million before transaction costs. With the exercise of the greenshoe option, the stabilisation period is concluded. During this period, no stabilisation measures were implemented by Bayerische Hypo- und Vereinsbank as stabilisation manager.

In total 6,191,572 no-par value bearer shares of the company, specialising in office properties, have been placed. The gross proceeds from the sale of approx. 5.1 million new shares resulting from a capital increase plus greenshoe option amount to approx. EUR 85.7 million before transaction costs.

The freefloat is now approx. 43.4 percent.

PRESS RELEASE

Successful initial public offering of POLIS Immobilien AG

Initial price approx. 3 percent above offer price

Berlin, March 21, 2007 – POLIS Immobilien AG (ISIN: DE0006913304 / WKN: 691330), headquartered in Berlin, Germany, managed a successful initial public offering: The shares were initially traded at EUR 14.90 on today’s first day of trading on the official market (Prime Standard) of the Frankfurt Stock Exchange and approx. 3 percent above offer price of EUR 14.50. The shares were oversubscribed 2.8 times.

Dr. Alan Cadmus, CEO of POLIS, said: “We are delighted about the good reception of our shares in the market. We will use the proceeds from the IPO in order to expand our property portfolio.” Altogether the company receives gross proceeds of approx. EUR 74.5 million (before transaction costs and greenshoe option). Furthermore, the lead manager UniCredit Markets & Investment Banking has a greenshoe option for up to 771,000 shares, which may be exercised within 30 days after listing. Exercising the greenshoe option (approx. 0.8 million shares) will result in an increase in funds of EUR 11.2 million (before transaction costs) for the company.
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PRESS RELEASE

POLIS plans listing on March 21, 2007:

Capital to finance further growth
- Up to 5,140,000 shares from a capital increase against cash contributions
- Up to 280,572 shares from two small institutional investors
- Up to 771,000 greenshoe shares

Berlin/Frankfurt, March 08, 2007 – POLIS Immobilien AG (ISIN: DE0006913304 / WKN: 691330), headquartered in Berlin, Germany, today announced its intention to have its shares listed on the Prime Standard of the Official Market of the Frankfurt Stock Exchange from March 21, 2007: The company plans to offer a total of 6,191,572 no-par value bearer shares, each representing a notional value of EUR 10 of the company's share capital. Of these, up to 5,140,000 shares stem from a capital increase against cash contributions, and up to 280,572 shares are offered by two small institutional shareholders. Up to a further 771,000 shares are offered under a possible greenshoe option, from the portfolio of the major shareholders Bouwfonds Asset Management Deutschland GmbH and Mann Immobilien-Verwaltung AG.
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