Half Year Results 2010

30th June 2010 Berlin.
The newly developed strong demand for properties, especially investment properties, in the entire Federal Republic of Germany resulted in partially exceptionally good auction results in the Summer Auctions of our companies. At the Summer auctions of our companies, 534 properties to a value of approx. € 24.2 Million were sold and approx. 83% of all called-out properties were sold.

Deutsche Grundstücksauktionen AG (DGA) and its subsidiaries are the market leader for real estate auctions in Germany and have sold 1,002 properties to a value of approx. € 41.5 Million in the first half of 2010 (previous year: 1,182 properties for € 39.5 Million).

The adjusted net revenue from commissions amounted to approx. € 4.5 Million compared to € 4.3 Million in the previous year.

In total, 83% of all properties called out in the first half of 2010 were sold.

We prognosticate a continuously increasing demand for material assets in the second half of 2010.