Deutsche Annington offers shares in an accelerated bookbuilding

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

PRESS RELEASE

Deutsche Annington offers shares in an accelerated bookbuilding

• Bookbuilding process is expected to take place today and tomorrow (9/10 July)
• Institutional investors are offered shares in a price range of EUR 16.50 to EUR 17.00 per share
• Placement volume including exercise of over-allotment option expected between EUR 575.0 million and EUR 592.4 million
• Deutsche Annington expects to generate gross proceeds ranging from approximately EUR 400.0 million to EUR 412.1 million from the placement of the new shares
• Free float of 15.5 per cent assuming full exercise of over-allotment option
• First day of trading on the Frankfurt Stock Exchange expected to commence on 11 July 2013

Bochum, 9 July 2013 - Deutsche Annington Immobilien SE ('Deutsche Annington'), Germany's largest privately held residential real estate company in terms of portfolio value and number of units owned, and Monterey Holding I S.à r.l. (the 'Selling Shareholder'), together with the underwriting banks, have decided to offer new and existing shares of Deutsche Annington to institutional investors.

By way of an accelerated bookbuilding, a total of 34,848,485 shares will be offered, including 24,242,425 new shares from capital increases, 6,060,606 shares from the holdings of the Selling Shareholder, and 4,545,454 shares from the Selling Shareholder to cover a potential over-allotment (the 'Greenshoe Option'). The price range for the offering has been set at EUR 16.50 to EUR 17.00. Deutsche Annington expects to generate gross proceeds ranging from approximately EUR 400.0 million to EUR 412.1 million (corresponding with net proceeds ranging from approximately EUR 377.7 million to EUR 389.6 million) from the placement of the new shares. In total, the offering corresponds to a placement volume of EUR 575.0 million to EUR 592.4 million (assuming full exercise of the Greenshoe Option). Assuming the placement of the offered shares and the exercise of the Greenshoe Option in full, around 15.5 percent of the outstanding shares in Deutsche Annington (which are expected to amount to 224,242,425 shares after the registration of the consummation of the capital increases) will be in free float.

'We are pleased to re-launch the IPO process of Deutsche Annington today. While the implementation of our operating strategy continues well on track, a successful IPO enables us to accelerate the diversification of our funding,',says Rolf Buch, CEO of Deutsche Annington.

The bookbuilding process is expected to take place today and tomorrow (9/10 July 2013), and the price at which the offered shares will be placed is expected to be announced tomorrow (10 July 2013) by way of another ad hoc release. Trading in Deutsche Annington's shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is expected to commence on 11 July 2013 under the ticker symbol ANN.

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About Deutsche Annington
Deutsche Annington is Germany's largest privately held residential real estate company in terms of portfolio value and number of units owned. As of 31 March 2013, Deutsche Annington owned more than 180,000 residential units with an aggregate fair value of EUR 10.4 billion. Deutsche Annington operates nationwide with the majority of its portfolio being situated in the old German Federal States (Alte Bundesländer) including Berlin. Deutsche Annington is headquartered in Bochum and employs about 2,400 employees.

This publication may not be published, distributed or transmitted, directly or indirectly, in the United States (including its territories and possessions), Canada, Australia or Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of Deutsche Annington Immobilien SE in the United States, Germany or any other jurisdiction. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. The securities of Deutsche Annington Immobilien SE may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). The securities of Deutsche Annington Immobilien SE have not been, and will not be, registered under the Securities Act.

In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as 'Relevant Persons'). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In member states of the European Economic Area ('EEA') which have implemented the Prospectus Directive (each, a 'Relevant Member State'), this announcement and any offer if made subsequently is directed exclusively at persons who are 'qualified investors' within the meaning of the Prospectus Directive ('Qualified Investors'). For these purposes, the expression 'Prospectus Directive' means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in a Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression '2010 PD Amending Directive' means Directive 2010/73/EU.

No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Annington Immobilien SE management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Deutsche Annington Immobilien SE or the success of the housing industry to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements. Each of the Company, the Selling Shareholder, and the Underwriters, and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.

The Underwriters are acting exclusively for the Company and the Selling Shareholder and no-one else in connection with the Offering. They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than the Company and the Selling Shareholder for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any other matter referred to herein.

None of the Underwriters or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or, with limited exception, other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

End of Corporate News