Deutsche Wohnen AG / Miscellaneous


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Convertion from registered shares into bearer shares

Shareholders of Deutsche Wohnen AG have the opportunity to convert their
registered shares into bearer shares. Bearer shares and registered shares
grant same rights to Deutsche Wohnen AG. Starting from today the convertion
form is available on for download.

The convertion takes place on March 13, 2008. Shareholders should deliver
the completed and signed convertion form to their custodian bank, this
promptly. Nominee stocks can be converted en bloc by custodian banks.

Up to now already 97.4 percent of all registered shares were converted into
bearer shares. Deutsche Wohnen AG recommends the convertion, this
particularly due to liquidity and volatility aspects. The liquidity of the
EPRA, MSCI and SDAX listed bearer shares of Deutsche Wohnen AG is obviously
higher than the liquidity of the remaining registered shares. Due to the
relative illiquidity, the registered share shows a very high volatility; so
share price development of the registered share is purely induced by

Deutsche Wohnen AG
Hubert Bonn
Head of Investor Relations
Phone: +49 (0)6131 4800 262
DGAP 06.03.2008 
Language:     English
Issuer:       Deutsche Wohnen AG
              Pfaffenwiese 300   65929 Frankfurt am Main
Phone:        +49 (0)6131 4800 262
Fax:          +49 (0)6131 4800 4441
ISIN:         DE000A0HN5C6, DE0006283302
WKN:          A0HN5C, 628330
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service