Tuesday, March 29, 2011

alstria office REIT-AG successfully executed capital increase, 18,200,000 shares from majority shareholder Captiva placed in the broad market

- Not for release, publication or distribution in the United States, Australia, Canada or Japan -


• alstria takes in gross proceeds of EUR 95 million
• Proceeds intended to be used to fund future growth
• Significantly increased free float enhances alstria’s investment profile

HAMBURG, March 29, 2011 – alstria office REIT-AG (ISIN DE000A0LD2U1) successfully placed 10,000,000 new shares in the market. The company increased its nominal share capital from EUR 61,599,999 to EUR 71,599,999, having partially used its authorized capital. Furthermore 18,200,000 shares from alstria’s majority shareholder Captiva were placed in the broad market, thereof 2,200,000 greenshoe shares. The company’s free float therefore increased significantly.

The placement price of the shares is EUR 9.50 per share. The company will receive gross proceeds in the amount of approximately EUR 95 million. The funds raised through the capital increase – after deduction of fees and expenses from the capital increase in connection with the issuance – are intended to be used to finance further growth and to take advantage of acquisition opportunities which are observed in the market. "The successful capital increase is testimony to the confidence of investors in alstria’s business model," says Olivier Elamine, CEO of alstria office REIT-AG. "We are looking forward to take advantage of acquisition opportunities we see in the market, and invest the new funds in an accretive manner".

The new shares are expected to be admitted to trading on the Regulated Market segment of the Frankfurt Stock Exchange and the sub-segment of the Regulated Market with further post-admission obligations of the Frankfurt Stock Exchange (Prime Standard) and will carry full dividend rights for the fiscal year 2010.
Settlement and delivery of the new shares is expected to take place on April 4, 2011.

The transaction was managed by J.P. Morgan and UBS as Joint Global Coordinators and Joint Bookrunners.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. alstria office REIT-AG owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 74 properties with an aggregate lettable space of approximately 821,000 sqm and is valued at approximately EUR 1.4 bn. alstria intends to expand its portfolio in the upcoming years as part of a sustainable growth strategy. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key tenants and decision makers. alstria focuses on long-term real estate value creation.

For further information, please see: http://www.alstria.com/

Contact alstria office REIT-AG:
Ralf Dibbern IR /PR
Tel: +49 - 40 - 226 341 329
Email: rdibbern@alstria.de

Disclaimer:

"This press release constitutes neither an offer to sell nor a solicitation of an offer to buy any securities. The securities have already been sold.

This press release and the information contained herein are not for distribution in or into the United States of America ("United States"), Australia, Canada and Japan and must not be distributed to publications with a general circulation in the United States. This press release does not constitute an offer or invitation to purchase any securities in the United States. The securities of alstria office REIT-AG have not been and will not be registered under the securities act of 1933, as amended ("securities act"), and may not be offered or sold within the United States absent registration or an exemption from the registration requirements of the securities act. There will be no public offering of securities in the United States.

This document is directed only at persons (i) who are outside the United Kingdom or (ii) 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 (as amended) (the "order") or (iii) who fall within article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the order (all such persons together being referred to as "relevant persons"). Any person who is not a relevant person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons."

Monday, March 28, 2011

Capital increase of up to 10,000,000 new shares to finance further growth and seize opportunities and sale of up to 19,200,000 existing shares by the majority shareholder

- Not for release, publication or distribution in the United States, Australia, Canada or Japan -
• Issue of up to 10,000,000 new shares
• The capital increase will allow alstria to further pursue attractive opportunities for future growth
• Majority shareholder Captiva is offering up to 16,700,000 shares in the market, as well as up to 2,500,000 additional shares as an overallotment option
• Transaction to significantly increase alstria’s freefloat

HAMBURG, March 28, 2011 – alstria office REIT-AG, Hamburg (ISIN DE000A0LD2U1) increases its nominal share capital by up to EUR 10,000,000 from EUR 61,599,999 to up to EUR 71,599,999 by issuing up to 10,000,000 new shares against cash contributions. The new shares will be issued excluding the subscription rights of shareholders and by using a portion of alstria’s available authorised capital. The new shares will bear full dividend rights for the fiscal year 2010 where the management will be proposing EUR 0.44 per share at the company’s next General Assembly.

The new shares will be admitted to trading in the regulated market segment (Regulierter Markt – Prime Standard) of the Frankfurt Stock Exchange. The new shares will be offered in a public offering in Germany and Luxembourg as well as in a private placement to qualified institutional investors in Germany and abroad via a bookbuilding process.

After the successful investment of the EUR 49 million gross proceeds raised in the capital increase completed in September 2010, alstria intends to further grow its portfolio along its investment guidelines and to take advantage of acquisition opportunities it sees in the market. The transaction will also envisage a secondary sale of up to 16,700,000 shares as well as up to 2,500,000 shares as an overallotment option from alstria’s majority shareholder Captiva. The Captiva placement is another important step to increase the free float and liquidity in the alstria office REIT-AG share.

"We were able to fully invest the proceeds from the latest September 2010 capital increase demonstrating our ability to identify and execute accretive acquisitions in the German commercial real estate markets. We are currently seeing an increasing number of attractive investment opportunities and are preparing to seize them," said Olivier Elamine, CEO of alstria office REIT-AG. "The capital increase in combination with the secondary offering by our majority shareholder will significantly increase alstria’s attractiveness to investors" added Alexander Dexne, CFO of alstria office REIT-AG.

The transaction is managed by J.P. Morgan and UBS as Joint Global Coordinators and Joint Bookrunners.

Invitation to conference call on March 28, 2011 at 10 am CET

The alstria management board, CEO Olivier Elamine und CFO Alexander Dexne, will be available for a conference call today at 10.00 am (CET)

Please use the following dial-in numbers:

Germany: +49 (0) 6103 485 3000 or
UK: +44-207-153-2027

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. alstria office REIT-AG owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 74 properties with an aggregate lettable space of approx. 821,000 sqm and is valued at approximately EUR 1.4 bn. alstria intends to expand its portfolio in the upcoming years as part of a sustainable growth strategy. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key tenants and decision makers. alstria focuses on long-term real estate value creation.

For further information, please see: www.alstria.com

Contact alstria office REIT-AG:

Ralf Dibbern

IR PR
Tel: +49 - 40 - 226 341 329
Email: rdibbern@alstria.de

Disclaimer:

THIS PRESS RELEASE CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. AN OFFER WILL BE MADE SOLELY BY MEANS, AND ON THE BASIS, OF THE PROSPECTUS TO BE PUBLISHED PRIOR TO ANY OFFERING OF SECURITIES OF ALSTRIA OFFICE REIT-AG WHICH WILL BE PUBLISHED IN THE INTERNET UNDER WWW.ALSTRIA.COM FOLLOWING ITS APPROVAL AND WILL BE MADE AVAILABLE FREE OF CHARGE AT ALSTRIA OFFICE REIT-AG B√ĄCKERBREITERGANG 75, 20355 HAMBURG, GERMANY, AND IR@ALSTRIA.DE AND AT J.P. MORGAN SECURITIES LTD, 125 LONDON WALL, EC2Y SAJ, UNITED KINGDOM, AND UBS LIMITED, 1 FINSBURY AVENUE, EC2M 2PP LONDON, UNITED KINGDOM.

THIS PRESS RELEASE AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA ("UNITED STATES"), AUSTRALIA, CANADA AND JAPAN AND MUST NOT BE DISTRIBUTED TO PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN THE UNITED STATES. THE SECURITIES OF ALSTRIA OFFICE REIT-AG HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (“SECURITIES ACT”) AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES.

THIS DOCUMENT IS DIRECTED ONLY AT PERSONS (I) WHO ARE OUTSIDE THE UNITED KINGDOM OR (II) 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 (AS AMENDED) (THE "ORDER") OR (III) WHO FALL WITHIN ARTICLE 49(2)(A) TO (D) ("HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC.") OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). ANY PERSON WHO IS NOT A RELEVANT PERSON MUST NOT ACT OR RELY ON THIS COMMUNICATION OR ANY OF ITS CONTENTS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS COMMUNICATION RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS."

As far as this press release contains forward-looking statements with respect to the business, financial conditions and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.