DGAP-News: GSW Immobilien AG / Key word(s): Mergers & Acquisitions GSW Immobilien AG: GSW is reviewing Deutsche Wohnen's intended offer 26.08.2013 / 08:00 --------------------------------------------------------------------- Berlin, 26 August 2013. On 20 August 2013, Deutsche Wohnen AG announced its intention to launch a public takeover offer for GSW Immobilien AG. A prerequisite for the offer is that the shareholders of Deutsche Wohnen approve the necessary capital increase at an extraordinary meeting of shareholders scheduled for 30 September 2013. GSW has a focused growth strategy and continually analyses future developments in the residential real estate sector and potential consolidation within this space. Against that background, a combination of GSW and Deutsche Wohnen could make sense from an operational and an industry point of view. GSW is in the process of thoroughly analyzing the proposed offer. With regard to certain key aspects of the offer further clarification is required. To analyze the offer, GSW has engaged Goldman Sachs, Citigroup and Kempen & Co as financial advisors, as well as Hengeler Mueller as legal advisor. A complete analysis of the attractiveness of the consideration offered requires a thorough analysis of Deutsche Wohnen and of the value potential from a potential transaction, as the proposed consideration offered to GSW shareholders is not cash but shares of Deutsche Wohnen. In addition GSW will thoroughly analyze the bidder's strategy and intentions, which have not yet been made public but which will need to be set out in the bidder's offer document. In the course of the review of the offer GSW together with its advisors will clearly focus on its shareholders' as well as all other relevant stakeholders' interests, in particular the ones of its employees. Contact GSW Immobilien AG Charlottenstraße 4, D-10969 Berlin Investor Relations René Bergmann E-Mail: [email protected] Tel.: +49. (0) 30. 25 34-1362 Fax: +49. (0) 30. 25 34- 233 1960 Press Hans G. Nagl - FTI Consulting E-Mail: [email protected] Tel.: +49. (0) 69. 92037-116 Mobile:+49. (0) 170 639 539 1 Ivo Lingnau - FTI Consulting E-Mail: [email protected] Tel.: +49. (0) 69. 92037-133 Mobile: +49. (0) 172 524 445 7 About GSW With a portfolio of around 60,000 residential and commercial units, GSW Immobilien AG, founded in 1924, is a leading market-listed real estate company in Berlin. GSW's corporate strategy is focused on the long-term management of rental properties, applying a systematic approach aimed at increasing both customer satisfaction and operating efficiency. As per 31 December 2012, the company's property portfolio was valued at around 3.3 billion Euros. End of Corporate News --------------------------------------------------------------------- 26.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: GSW Immobilien AG Charlottenstraße 4 10969 Berlin Germany Phone: 030 68 99 99 0 Fax: 030 68 99 99 999 E-mail: [email protected] Internet: www.gsw.de ISIN: DE000GSW1111 WKN: GSW111 Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 227395 26.08.2013