Adler Real Estate AG / Miscellaneous/MiscellaneousAd hoc announcement according to § 15 WpHG transmitted by DGAP - 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)dated January 9, 2007ADLER Real Estate AGISIN: DE DE0005008007+++ Takeover MÜBAU Real Estate GmbH by ADLER Real Estate AG ++++++ Expansion of the company activities in the appartment sector +++Hamburg, January 9, 2007: Effective January 1, 2007, the ADLER Real EstateAG (ISIN: DE DE0005008007) tookover the company activities of the MÜBAUReal Estate GmbH (company seat in Frankfurt). The MÜBAU Real Estate GmbHwas established in 1926 and was active in project development and assetmanagement as well as builder. The company focus is the attractiveappartment sector. The ADLER Real Estate AG’s specialised business field intrade real estate and the MÜBAU Real Estate GmbH’s focus compliment eachother ideally.The MÜBAU Group holds three development properties (for appartments)totalling approx. 300,000 m² as well as an appartment development projectwith approx. 5,500 m² rental space on a 11,000 m² property. Additionally,there are two existing objects totalling approx. 21,000 m² rental space ona 38,000 m² property. The book value of the total possessions total approx.EURO 8.9 million.The purchase price lies in the lower one digit million range. The purchaseprice details were negociated silently.The BoardCompany Contact:ADLER Real Estate AGNeuer Wall 7720354 Hamburg, Germanywww.adler-ag.deTel: 040-29 81 30-0Fax: 040-29 81 30-99Email: info@adler-ag.deAgent Contact:Gesellschaft für Effekteninformation mbHBeethovenstraße 6060325 Frankfurt am Main, Germanywww.gfei.deTel: 069-74 30 37 00Fax: 069-74 30 37 06Email: ir-adler@gfei.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. Their specific expertise 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.<contact></contact>DGAP 09.01.2007 ---------------------------------------------------------------------- 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 ---------------------------------------------------------------------------