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ADLER Real Estate AG: ADLER Real Estate AG acquires a stake in DB Immobilien GmbH

ADLER Real Estate AG / MiscellaneousRelease of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------ADLER Real Estate AG acquires a stake in DB Immobilien GmbH - Good basis for an expansion of asset management activities- Transaction will facilitate marketing, appraisals and procurementHamburg, 10 December 2008. ADLER Real Estate AG (ISIN DE0005008007),Frankfurt, will acquire a stake in DB Immobilien GmbH, Heidelberg, one ofthe leading real estate brokerage companies in Germany, in two stages.First, ADLER will acquire a minority stake in the company. This will befollowed by a share capital increase involving the existing shareholders aswell as ADLER. DB Immobilien GmbH has over 60 branches and officesnationwide, some of which are integrated with Deutsche Bank. DB Immobilien,formerly a member of Deutsche Bank Group, cooperates very closely withDeutsche Bank Privat- und Geschäftskunden AG. The investment will benefitADLER's business in a number of ways. It will provide ADLER with a broadnew platform to obtain asset management contracts for new portfolios, thusfacilitating the planned expansion of ADLER's asset management business. DBImmobilien also offers high expertise in connection with the sale of realestate and projects nationwide, as well as the ability to evaluateprospects of success, transaction speeds and price trends in a professionalmanner. DB Immobilien will formulate a joint marketing concept with theobject of rapid implementation, especially for the residential propertiesheld by ADLER subsidiary Münchener Baugesellschaft.In return, DB Immobilien GmbH will receive a financially sound partner witha wide array of projects and sites and together the partners will optimizedevelopment and marketing. This transaction also offers attractive newinvestment opportunities for ADLER.The Management BoardIf you have any questions, please contact:german communications dbk agJörg BretschneiderAlsterufer 34, 20354 HamburgTel.: 040/46 88 33 0, Fax: 040/47 81 80presse@german-communications.com10.12.2008  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       ADLER Real Estate AG              Neuer Wall 77              20354 Hamburg              DeutschlandPhone:        +49 (0)40 - 29 8130-0Fax:          +49 (0)40 - 29 8130-35E-mail:       info@adler-ag.deInternet:     www.adler-ag.deISIN:         DE0005008007WKN:          500800Listed:       Regulierter Markt in Berlin, Frankfurt (General Standard),              Düsseldorf, München; Freiverkehr in Hamburg End of News                                     DGAP News-Service ---------------------------------------------------------------------------