DO DEUTSCHE OFFICE : PUBLISHES CONSOLIDATED INTERIM STATEMENT Q3 2016

Conversion into a limited partnership

The 2016 Annual General Meeting has resolved to convert DO Deutsche Office AG into the legal form of a limited partnership. With the change of form Deutsche Office shares will no longer be admitted for trading at the German Stock exchange.

Lawsuits challenging the validity of the transformation resolution have been filed. Therefore, currently, we cannot make any projection as to when the change of legal form will become effective

Key figures for the development of earning positions

Rental revenues amounted in 9M/2016 to EUR 81.3 million and were almost at the same level as in the first three quarters of the previous year (EUR 80.4 million).

Consolidated net profit increased from EUR 40.7 million in 9M/2015 to EUR 51.6 million in 9M/2016. The increase is mainly due to higher gains on the disposal of investment properties as well as a reduction of administrative expenses. The effect is mitigated by depreciations of financial derivatives as well as a decrease of gains on measurement at fair value.

The operating result ('Funds from Operations': FFO) increased from EUR 39.1 million in 9M/2015 by EUR 7.1 million to EUR 46.2 million in the reporting period, as both the finance costs and the administrative expenses significantly decreased as a result of restructuring after the takeover by alstria.

As per the balance sheet date the fair value of the Group's investment properties amounted to EUR 1.30 billion (December 31, 2015: EUR 1.64 billion). The group held 47 properties, after benefits and burden of two assets were transferred to buyers during the first three quarters of the fiscal year 2016.

The Group's NAV increased to EUR 760.6 million (December 31, 2015: EUR 709.0 million).

On September 30, 2016, cash and cash equivalents of DO amounted to EUR 58.6 million (December 31, 2015: EUR 71.4 million).

In the course of the first nine months of the fiscal year 2016 DO sold nine assets for a total consideration of EUR 372.0 million.

The benefits and burdens of two assets with a value of EUR 255.2 million in total, were transferred already in the reporting period.

Outlook

Based on the disposal of the property 'An den Treptowers', the Executive Board expects the Company to achieve rental revenues of EUR 103 million and an FFO of slightly below EUR 60 million for the 2016 financial year.