PRESS RELEASE

TAG Immobilien AG shareholders once again resolve authorisation to acquire own shares and elect Rolf Elgeti to the Supervisory Board by a large majority

Hamburg, 01 December 2014 - At the Extraordinary General Meeting hosted on 28 November 2014 in Hamburg against the backdrop of TAG's successful buyback of own shares in October 2014, and the proposed move by Mr Elgeti to the Company's Supervisory Board, the shareholders approved the management's proposals by a large majority. Another authorisation to acquire own shares to the extent permitted, i.e. up to 10% of the share capital, was approved, which enables the Executive and Supervisory Boards to flexibly carry out further share buybacks at short notice if it makes sense for their shareholders and the Company. This instrument underscores TAG's strategy focused on total return per share.

The election of Mr Rolf Elgeti, who had voluntarily resigned as Chairman & CEO of TAG on October 31, 2014 to pursue other professional challenges, had already been proposed by shareholders who control holding more than 30% of the voting rights in advance of the General Meeting. More than 76% of the votes represented at the meeting approved the nomination. In the Supervisory Board session following the General Meeting, Mr Elgeti was elected Chairman of the Supervisory Board.

Lothar Lanz, Deputy Chairman of the Supervisory Board as of 28 November 2014, commented: "I am delighted that Mr Elgeti has not only been elected to the board, but will also be chairing it. His expertise will allow him to ideally fulfil the board's supervisory and advisory duties. He enjoys the trust and confidence of our shareholders and of the capital market. His rapidly completed switch to the Supervisory Board is a sign of continuity and is in the best interests of TAG. "

Press enquiries:
TAG Immobilien AG
Head of Investor & Public Relations
Dominique Mann
Phone +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 390
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