GSW Immobilien AG / Key word(s): Contract 23.04.2014 11:27 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Consensus on the Amount of Compensation and Settlement for the Planned Conclusion of the Domination Agreement between Deutsche Wohnen AG and GSW Immobilien AG Berlin, April 23, 2014 - As announced on March 7, 2014, Deutsche Wohnen AG and GSW Immobilien AG intend to conclude a Domination Agreement with Deutsche Wohnen AG as the controlling entity and GSW Immobilien AG as the controlled entity. After completion of the work of the jointly appointed valuation expert, Deutsche Wohnen AG and GSW Immobilien AG have agreed, subject to the findings of the court-appointed contract auditor and the approval by the supervisory boards of Deutsche Wohnen AG and GSW Immobilien AG, to offer the minority shareholders under the Domination Agreement a settlement in the amount of 7 Deutsche Wohnen AG shares for each 3 GSW Immobilien AG shares. In addition, Deutsche Wohnen AG and GSW Immobilien AG have agreed, subject to the aforementioned reservations, that a fixed annual payment in the form of a guaranteed dividend in the amount of EUR 1.40 (after deduction of current corporate income tax plus solidarity surcharge) per GSW Immobilien AG share for each full business year for the minority shareholders of GSW Immobilien AG shall be agreed upon in the Domination Agreement. In order to be valid, the Domination Agreement requires, in addition to the aforementioned committee decisions, in particular the approval of the general shareholders' meetings of Deutsche Wohnen AG and GSW Immobilien AG, that are planned for June 11, 2014 and June 18, 2014, respectively, as well as entry into the Commercial Register of GSW Immobilien AG. GSW Immobilien AG Charlottenstraße 4 10969 Berlin ISIN: DE000GSW1111 WKN: GSW111 Contact: Investor Relations Phone: 030. 25 34 13 62 This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Wohnen AG management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements. 23.04.2014 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 Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------