ESTAVIS AG / Miscellaneous


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The issuer is solely responsible for the content of this announcement.

+ Roughly 9,000 units under management as of mid-2008
+ Option to take over additional units as of January 2009 
+ Reaching break-even point ahead of schedule

Berlin, May 15, 2008 – ESTAVIS Property Management GmbH, a subsidiary of
ESTAVIS AG, has substantially expanded the number of property assets under
its management. By taking over an extensive management mandate for several
properties located in Leipzig, Halle, Chemnitz and surrounding areas, the
company is about to expand its managed portfolio from currently 4,000 to
roughly 9,000 units by mid-2008. This means it will reach its break-even
point ahead of schedule. 'Beyond that, we have an option to take over
another 5,000 to 6,000 units, beginning in early 2009,' says Hans-Joerg
Ludolph, Managing Director of ESTAVIS Property Management.

Rainer Schorr, Chairman of the Board of ESTAVIS AG, comments: 'Our property
management business is growing faster than expected, and has thus reached
the break-even point well ahead of time. The fact commends the recognised
quality of our services. Taking over this management mandate will
strengthen those of our activities that are not based on portfolio trading.
Simultaneously, we have taken a big step forward in our efforts to
diversify the sources of income within our corporate group. The business
line of property management is typically defined by steady cash flows and a
comparatively low level of dependence on market cycles. Thus, it
complements our core business of portfolio trading in a strategically
sensible way.'

Seated in Halle/Saxony-Anhalt and currently having a staff of 27
professionals, ESTAVIS Property Management GmbH commenced operation in
August 2007. The company provides asset management and property management
services both to portfolio customers of the ESTAVIS Group and to third
parties along the lines of service mandates.

ESTAVIS AG is a listed company seated in Berlin, Germany. Activities focus
on the business areas of portfolio trading, condominium sales to private
investors, property development and management. The portfolio trading line
has made the company one of Germany's leading 'market makers,' mediating
between private property sellers and institutional buyers of property
portfolios. ESTAVIS approaches the acquisition of individual property with
a set of pre-defined criteria, pooling them into structured portfolios and
selling these 'on-demand' to institutional investors inside and outside
Germany. For the identification of opportunities, ESTAVIS relies on an
extensive network including more than 500 experienced realtors, among other
On top of that, its track record of more than 1,000 housing units sold
annually makes ESTAVIS Group one of the leading providers in the
fast-growing market segment of private property-based investments. With the
takeover of B&V Bauträger- und Vertriebsgesellschaft für Immobilien mbH in
October 2007, ESTAVIS AG has clearly consolidated its the activities of in
this segment.

Since April 2007, ESTAVIS AG has been listed in the Prime Standard of the
Frankfurt stock exchange (ISIN: DE000A0KFKB3).

ESTAVIS AG - Peter Vogt - Investor & Public Relations - Tel: + 49 30 887
181 799 - E-Mail:

DGAP 15.05.2008 
Language:     English
Issuer:       ESTAVIS AG
              Uhlandstr. 165
              10719 Berlin
Phone:        +49 (0)30 - 887 181 - 0
Fax:          +49 (0)30 - 887 181 - 11
ISIN:         DE000A0KFKB3
WKN:          A0KFKB
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service