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DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: Fiscal year 2013/2014 results in line with expectations

August 30, 2014

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Final Results DEMIRE Deutsche Mittelstand Real Estate AG: Fiscal year 2013/2014 results in line with expectations 30.08.2014 / 19:57 --------------------------------------------------------------------- - Group's realignment at an advanced stage - New commercial real estate makes positive contribution to earnings - Continued expansion of core real estate portfolio planned Frankfurt/Main, August 30, 2014 - Today, DEMIRE Deutsche Mittelstand Real Estate AG ("DEMIRE", ISIN DE000A0XFSF0) announced its fiscal year 2013/2014 results. The Company's Supervisory Board comprehensively discussed the financial statements and consolidated financial statements for fiscal year 2013/2014 (April 1, 2013 until March 31, 2014), which were reviewed by the auditor and furnished with an unqualified audit opinion, including the first combined management report for the Company and the Group. The Supervisory Board has adopted the annual financial statements and approved the consolidated financial statements. As a result of the expenses of the Group's comprehensive and still ongoing realignment, the DEMIRE Group achieved a net loss for the period of EURk -5,986 in fiscal year 2013/2014 after reporting EURk -5,930 in the previous year. This result was in line with expectations. Income from the rental of real estate acquired in line with our strategy at the end of the past fiscal year made a positive contribution to our earnings. In addition, the first property acquired in Munich already achieved a visible value appreciation. Burdens on earnings included those related to the Group's realignment and impairments, particularly with regard to investments in the Ukraine. The current fiscal year 2014/2015 will be marked by the Group's growth. DEMIRE wants to take advantage of the currently favourable market environment to rapidly build an attractive portfolio of commercial real estate in Germany. To finance its growth strategy and to strengthen the financial position of DEMIRE, the Executive Board is currently considering various options, including the issuance of a bond. The full financial statements and consolidated financial statements will be published today on the Company's website under the link http://www.demire.ag/en/investors/publications.php. About Deutsche Mittelstand Real Estate DEMIRE Deutsche Mittelstand Real Estate AG is a Frankfurt/Main headquartered real estate Group with a clear focus on commercial real estate in Germany. The Group pursues a buy-and-hold-strategy combined with active portfolio management. It is concentrated on both the value-added and core-plus investment approaches. The combination of these two approaches offers a balanced risk-return ratio and attractive opportunities. The shares of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN DE000A0XFSF0) are listed in the regulated market (General Standard Segment) of the Frankfurt Stock Exchange. --------------------------------------------------------------------- 30.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: DEMIRE Deutsche Mittelstand Real Estate AG Lyoner Straße 32 60528 Frankfurt am Main Germany Phone: +49 (0)69 / 719 189 79 0 Fax: +49 (0)69 / 719 189 79 11 E-mail: info@demire.ag Internet: www.demire.ag ISIN: DE000A0XFSF0 WKN: A0XFSF Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 284866 30.08.2014


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Source: DGAP Corporate News


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