Wednesday, February 22, 2012

alstria office REIT-AG successfully executed capital increase

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

·       Gross proceeds of EUR 60.9 m/ EUR 8.50 per share
·       Proceeds will be used to fund recent transaction

Hamburg, February 22, 2012 – Today alstria office REIT-AG (ISIN DE000A0LD2U1) successfully placed 7,170,362 ordinary bearer shares with qualified investors as part of an accelerated bookbuilding process. The company increased its nominal share capital from EUR 71,703,625 to EUR 78,873,987, having partially used its authorised capital and excluded the subscription rights of the shareholders.

The shares are priced at EUR 8.50 per share. The company will receive gross proceeds in the amount of approximately EUR 60.9 m. The funds raised through the capital increase – after deduction of fees and expenses in connection with the issuance – will be used to finance the equity portion of the transaction announced on February 21, 2012.

"We would like to thank our shareholders for their trust and their confidence in the business prospect of the company", said Olivier Elamine, CEO of alstria office REIT-AG. "The market offers an increasing number of attractive acquisition opportunities and alstria is in an excellent position to seize them".

The new shares will be admitted to trading without a prospectus 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 year 2011.

Settlement for issuance of the new shares is anticipated to take place on Monday, February 27, 2012.

The transaction is managed by Morgan Stanley Bank AG as Sole Bookrunner and Commerzbank as Co-Bookrunner.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely 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. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 862,000 sqm and is valued at approximately EUR 1.5 bn. 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 customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:

Ralf Dibbern, IR/PR
Phone: +49 (0) 40 / 226 341-329

More information on:

This press release is for information only and does not constitute an offer to sell, purchase, exchange or transfer any securities or a solicitation of any such offer in the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Neither alstria office REIT-AG (“alstria”) nor any other participant in the transactions described herein intends to register any securities under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with the proposals described in this announcement. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by alstria, Morgan Stanley Bank AG, Commerzbank AG or any of their respective affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. In member states of the European Economic Area ('EEA'), this announcement and any offer if made subsequently is directed only at persons who are 'qualified investors' within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ('Qualified Investors'). Any person in the EEA who acquires the securities in any offer (an 'investor') or to whom any offer of the securities is made will be deemed to have represented and agreed that it is a Qualified Investor. Any investor will also be deemed to have represented and agreed that any securities acquired by it in the offer have not been acquired on behalf of persons in the EEA other than Qualified Investors or persons in the UK and other member states(where equivalent legislation exists) for whom the investor has authority to make decisions on a wholly discretionary basis, nor have the securities been acquired with a view to their offer or resale in the EEA to persons where this would resulting a requirement for publication by alstria, Morgan Stanley Bank AG or Commerzbank AG of a prospectus pursuant to Article 3 of the Prospectus Directive.

This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of 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.

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