Northwest Oil & Gas Trading : Deutsche Annington delivers as a dividend payer with high payout

PRESS RELEASE

Annual General Meeting

Deutsche Annington delivers as a dividend payer with high payout

- Dividend of 70 cents per share distributed

- Flexible service organisation increases customer satisfaction

- Outlook for 2014 confirmed

Düsseldorf, May 9, 2014 - The Management Board of Deutsche Annington Immobilien SE ("Deutsche Annington") presented the results of the 2013 financial year to its shareholders at the first Annual General Meeting and provided an outlook for the company's further development.

The shareholders agreed to the proposal of the Management Board and Supervisory Board to distribute a dividend of 70 cents per share for the 2013 financial year. "A dividend of this amount takes into account our company's success in the past year, is one of the highest dividends in the group of German real estate companies and, at the same time, permits us to finance our ambitious modernisation programme in the current year on a sound basis. Moreover, it underscores our positioning as a dividend payer with a high and predictable dividend payout ratio," said Rolf Buch, CEO of Deutsche Annington, summing up the positive development. Deutsche Annington plans to distribute a dividend of about 70% of FFO 1 provided business continues in the same vein over the year as a whole.

In his address, Mr Buch highlighted the new freedom and scope to act provided by the IPO last year: "The IPO gives us the freedom to obtain much more favourable funding on the capital market with additional and attractive possibilities. What's more, the new options for shaping and further developing Deutsche Annington as the largest German housing company and for assuming responsibility as the market leader are of major importance. In addition to the obligation to our shareholders, we also have an obligation to society. With attractive and affordable housing, we will continue to contribute to society."

The focus is on service and customer orientation: one example of this is the establishment of the company's own nationwide craftsmen's organisation (Deutsche TGS). It now has more than 1,400 employees who are available to the tenants on site as well-trained craftsmen. In Deutsche TGS, Deutsche Annington has an extremely flexible service organisation which makes an important contribution to customer satisfaction. "We are highly satisfied with the progress we made last year. In 2013, we concentrated even more on our customers and achieved appreciable improvements in service and caretaking. This is paying off - in higher customer satisfaction." Mr Buch said.

With a view to the 2014 financial year, Mr Buch confirmed the forecast made at the end of February (without acquisitions): if general conditions remain stable, FFO 1 is expected to be between EUR 250 and 265 million. The monthly in-place rent per square metre based on the same number of apartments should increase by 2.3% to 2.6%. The vacancy rate will be more or less at the prior-year level of 3.5%. A volume of EUR 150 million is earmarked for the modernisation of apartments and buildings.
The company already announced the acquisition of around 41,000 apartments in the first quarter of the current financial year. About 11,500 units were taken over from the DeWAG Group. The transaction was closed in April. The other roughly 30,000 apartments, whose legal transfer is scheduled for October 1, 2014, come from the Vitus Group.

The Annual General Meeting approved the motions submitted by the Management Board and Supervisory Board with a large majority. From May 12, 2014, you will find the detailed results of the voting at www.deutsche-annington.com.

About Deutsche Annington
Deutsche Annington is Germany's largest private-sector residential real estate company both in terms of portfolio value and the number of units owned. As at March 31, 2014, Deutsche Annington owned about 174,300 residential units worth a total of EUR 10.3 billion. The company is represented throughout Germany. Deutsche Annington has its headquarters in Bochum and employs more than 3,000 people (as at March 31, 2014).

Additional information:
Stock exchange: Regulated market / Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered office of Deutsche Annington: Münsterstraße 248, 40470 Düsseldorf, Germany
Business address of Deutsche Annington: Philippstrasse 3, 44803 Bochum, Germany

Contacts:
Thomas Eisenlohr
Head of Investor Relations
Telephone: +49(0)234-314-2384
Thomas.Eisenlohr@deutsche-annington.com

Klaus Markus
Head of Corporate Communications
Telephone +49(0)234 314 - 1149
Klaus.Markus@deutsche-annington.com