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


"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."

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