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ADLER REAL ESTATE AG: Successful conclusion of bank negotiations +++ All bank loans repaid

29/12/2006 – Ad hoc publicity pursuant to §15 WpHG (German Securities Trading Act)

ADLER REAL ESTATE AG (ISIN: DE DE0005008007) is announcing that referring to so far existing bank loans the negotiations with all banks involved could be brought to a successful end. The bank loans had been secured by properties in the German cities of Saarbrücken, Berlin, Frankfurt/Main and Offenbach. With this conclusion all properties of ADLER REAL ESTATE AG now keep out of any former receivables. Overall, abdication of a medial single-digit mn euros amount could be achieved. Furthermore, there’s a window of opportunity as regards a revaluation within the year-end audit 2006. Finally, one of the banks involved provided a new and medium term financing in the amount of four million euros.

The board

Frankfurt, December 29, 2006




For further information please contact:
GFEI Gesellschaft für Effekteninformationen mbH
Tel.: +49 (0)69-743 037 03
Fax: +49 (0)69-743 037 06
ir-adler@gfei.de


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