Adler Real Estate AG / Joint Venture/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.----------------------------------------------------------------------Ad hoc publicity Pursuant to §15 WpHG (German Securities Trading Act)As of August 3, 2007ADLER Real Estate AGISIN: DE0005008007+++ ADLER Real Estate AG and AIG acquire a portfolio in Munich ++++++ Total investment amounts to EUR 58 million +++ Hamburg, August 3, 2007. ADLER Real Estate AG (ISIN: DE DE0005008007) andAIG Global Real Estate Investment (Europe) Ltd. jointly acquired aportfolio of 4 office properties in Munich. The high-quality officebuildings have a net rentable area of approx. 35,000 sqm. Total investmentamounts to approx. EUR 58 million.The investment is made by a Joint Venture between ADLER Real Estate AG(holding 15 percent) and an affiliate of AIG Global Real Estate (holding 85percent), the real estate investment division of AIG Investments. Followingthe joint acquisition of the Airport Center Luxembourg in December 2006,this is the second Joint Venture between ADLER Real Estate AG and AIGGlobal Real Estate.ADLER Real Estate Service GmbH has been engaged as Asset Manager for theportfolio.The Management BoardContacts (see next page): Company Contact:ADLER Real Estate AGNeuer Wall 77D-20354 Hamburgwww.adler-ag.de Phone: ++49 (40) 29 8130-0Fax:     ++49 (40) 29 8130-99info@adler-ag.deAgency Contact:Gesellschaft für Effekteninformation mbHBeethovenstraße 6060325 Frankfurt am Main, Germanywww.gfei.dePhone: ++49 (69) 74 30 37 00Fax:     ++49 (69) 74 30 37 06ir-adler@gfei.deAbout ADLER Real Estate AG:ADLER Real Estate AG is active in commercial real estate development,portfolio management and asset management. The company’s core competence isin the realization and marketing of high quality  national andinternational real estate projects. ADLER Real Estate AG’s history datesback to the renown Adlerwerke in Frankfurt which were founded in the 19thcentury. Today, the majority shareholder of ADLER Real Estate AG is theU.S. Company Mezzanine IX Investors L.P.DGAP 03.08.2007 ---------------------------------------------------------------------- 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:          500800Indices:      Listed:       Amtlicher Markt in Berlin, Frankfurt (General Standard),              Düsseldorf, München; Freiverkehr in Hamburg End of News                                     DGAP News-Service ---------------------------------------------------------------------------