AIG International Real Estate GmbH&Co. KGaA

euro adhoc: AIG International Real Estate GmbH & Co. KGaA
Ad hoc-Announcement pursuant to Section 15 WpHG AIG International Real Estate will cease to make new investments and will seek to return excess cash generated by its existing ...

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Frankfurt am Main, October 24, 2008 - AIG International Real Estate GmbH  &  Co. KGaA (the "Company") decided today that as for the time being it will  not  make any new investments and will  seek  to   return  excess  cash  generated  by  its existing  portfolio  to   shareholders.    The  Group  will    continue    to    fund commitments to existing investments and to existing funds  in  which  it  is  an investor.  After reserving for  such  existing  commitments,  ongoing operating expenses  and  the  potential  need  for  additional   capital  contributions  to existing investments, the Company will seek to return proceeds  to  shareholders by way of share repurchases and/or may recommend to  shareholders  to  authorize dividend payments at future shareholders meetings.  As a result of the   decision to discontinue  new  investment  activity  until  further   notice,  the  Company intends to terminate the Deal Sharing Agreement that it currently has  in  place with AIG Global Real Estate Investment Corp ("AIG Global Real Estate").

The Company has also been informed by  the  shareholders  of  AIG   International Real Estate Geschäftsführungs-  und  Verwaltungs-   GmbH,  its  managing  general partner ("AIRE GmbH"), that 100% of the ownership interests in AIRE  GmbH,  will be transferred from existing AIRE GmbH  shareholders  (AIG  Global  Real  Estate Investment Corp. and AIG Private Bank Ltd.) to another  member  company  of  the AIG Group.  AIG Global Real Estate will continue to advise the  Company   on  its investments, almost all of which are co-investments between the Company and  AIG Global Real Estate and/or other clients of AIG Global Real Estate.

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ots Originaltext: AIG International Real Estate GmbH&Co. KGaA
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Further inquiry note:
AIG International Real Estate Gmbh & Co. KGaA
Nicole Gauchat
Telefon: +49(0)69 97 11 32 25

Branche: Financial & Business Services
ISIN:      DE0006344211
WKN:        634421
Index:    CDAX, Classic All Share, Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse München / free trade

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