Adler Real Estate AG / Preliminary ResultsRelease 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 announces preliminary figures for 2006+++ Increase in total operating performance of 59% up to 13.2 mn euros +++ Group result in the amount of 8.6 mn euros (prev. year 4.1 mn euros;         + 109%)+++ Equity ratio of 75%Hamburg, February 26, 2007. Today, the ADLER Real Estate AG (ISIN: DEDE0005008007), Frankfurt, announces its preliminary figures for thebusiness year 2006. Thus, ADLER Real Estate AG achieved an increase in itstotal operating performance of about 59%, coming from 8.3. mn euros in thebusiness year 2005 up to 13.2 mn euros in the business year balanced 2006.As of the balance sheet date December 31, 2006, the EBIT added up to 8.9 mneuros, compared to 4.4. mn euros as of December 31, 2005. This meets anannual percentage increase of 102%. The Group result ran up from 4.2 mneuros as of December 31, 2005, up to 8.6 mn euros in the reporting period2006, therefore a heightening of 4.5 mn euros. To a better part, totaloperating performance was obtained by a reversal of write-downs. Along witha sound equity ratio of 75% (28% as of December 31, 2005), as of thereporting date of December 31, 2006, ADLER Real Estate AG disposes of cashand cash equivalents in the amount of 10.4 mn euros (prev. year 2005: 1.4.mn euros).The final Group accounts in accordance with IFRS is supposed to be madepublic in April 2007.The BoardFor further queries, please contact:ADLER Real Estate AGNeuer Wall 77D-20354 Hamburgwww.adler-ag.de phone: +49 (0)40 29 8130-0fax: +49 (0)40 29 8130-99info@adler-ag.deAbout ADLER Real Estate AG:ADLER Real Estate AG is dealing in the business fields of commercialproject development, portfolio management, asset management, and closedproperty funds. The company’s core competence is in the realization andmarketing of ambitious national and international real estate projects.ADLER Real Estate AG emerged from the tradition-rich corporate veil of theAdlerwerke in Frankfurt. Their history goes back to the 19th century.Today, the majority shareholder of ADLER Real Estate AG is the U.S. companyMezzanine IX Investors L.P.DGAP 26.02.2007 ---------------------------------------------------------------------- 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.deWWW:          www.adler-ag.deISIN:         DE0005008007WKN:          500800Indices:      Listed:       Amtlicher Markt in Berlin-Bremen, Frankfurt (General              Standard), Düsseldorf, München; Freiverkehr in Hamburg End of News                                     DGAP News-Service ---------------------------------------------------------------------------