Northwest Oil & Gas Trading Inc : Deutsche Annington increases portfolio by more than 41,000 residential units

Deutsche Annington increases portfolio by more than 41,000 residential units Deutsche Annington announces acquisition of around 11,500 residential units managed by DeWAG, integration of around 30,000 residential units owned by Vitus group and capital increases out of authorized capital

Bochum, 28 February 2014 - Deutsche Annington Immobilien SE ("Deutsche Annington") today resolved on the acquisition of around 11,500 residential units managed by DeWAG, on the integration of a combined portfolio owned by Vitus group of around 30,000 residential units and on capital increases out of authorized capital.

Both transactions meet the acquisition criteria communicated by Deutsche Annington and are FFO and NAV accretive.

In this context, Deutsche Annington has reached an agreement in principle with certain shareholders of the Vitus group ("Vitus") with respect to the integration of certain Vitus entities comprising around 30,000 residential units into the Deutsche Annington group for a consideration of EUR 1.4 bn (including the assumption of certain liabilities and the repayment of third party debt). The agreement in principle is subject to certain closing conditions. The agreement in principle is also subject to the approval of cartel offices and certain shareholders of Vitus. Completion of the transaction is planned for the fourth quarter of 2014.

In addition, Deutsche Annington entered into a purchase agreement with respect to the acquisition of a portfolio of around 11,500 residential units managed by DeWAG. The purchase price for this portfolio amounts to about EUR 970 million (including the assumption of liabilities). The acquisition is subject to certain conditions to closing. Completion of the acquisition is planned for the second quarter of 2014.

The combined portfolio of about 41,500 residential units comprises floor area of more than 2.6 million sqm. Furthermore, the transactions increase Deutsche Annington's presence in northern Germany with over 9,500 residential units in Bremen and about 9,250 residential units in Kiel. The vacancy rate of the combined portfolio is below 4 %.

Deutsche Annington will finance the transactions with the assumption of existing liabilities and a combination of equity and debt instruments.

Additional information:
Stock exchange: Regulated Market (Prime Standard), Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common Code : 094567408
Registered office of Deutsche Annington: Vogelsanger Weg 80, 40472 Dusseldorf, Germany
Business address of Deutsche Annington: Philippstrasse 3, 44803 Bochum, Germany

Contacts:
Deutsche Annington Immobilien SE
Thomas Eisenlohr
Head of Investor Relations
Telephone: [phone]
[e-mail]

Deutsche Annington Immobilien SE
Klaus Markus
Head of Corporate Communications
Telephone [phone] - 1149
[e-mail]

In addition, Deutsche Annington refers to the ad hoc announcement published simultaneously.

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This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Annington Immobilien SE management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Deutsche Annington Immobilien SE or the success of the housing industry to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements. Deutsche Annington Immobilien SE does not assume any obligation to update such forward-looking statements and to adjust them to any future results and developments.