§ 33 of the German Securities Trading Act (WphG) constitutes the following: „If through acquisition or disposition or otherwise someone reaches, surpasses or falls below a threshold of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50%, or 75% of voting rights in a quoted company, of which Germany ist he country of origin a notification has to be made without delay to the company and the Bundesanstalt.”
As for warrants of deposit which constitute a substitute to shares, the holder of the warrants is obliged to make the notification.“

ADLER Real Estate AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

ADLER Real Estate AG 

03.07.2013 15:16

Dissemination of a Voting Rights Announcement, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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The following notification of voting rights (,Stimmrechtsmitteilung') in
our company ADLER Real Estate AG according to sec. 21, 22 WpHG were sent to
us on July 2, 2013:

'Third Avenue Real Estate Opportunities Fund, L.P., New York, NY 10017,
USA:

We hereby give notice, pursuant to sec. 21 para. 1 of the German Securities
Trading Act ('WpHG'), that on June 27, 2013 our voting interest in Adler
Real Estate AG, Neuer Wall 77, 20354 Hamburg, Germany (the 'Issuer'), fell
below the threshold of 5% and amounts to 4,67% (corresponding to 699,850
voting rights of the Issuer) on this day.

Third Avenue Management LLC, New York, NY 10017, USA:

We hereby give notice, pursuant to sec. 21 para. 1 of the WpHG, that on
June 27, 2013 our voting interest in Adler Real Estate AG, Neuer Wall 77,
20354 Hamburg, Germany, fell below the threshold of 5% and amounts to 4,67%
(corresponding to 699,850 voting rights of the Issuer) on this day.

4,67% of the voting rights (corresponding to 699,850 voting rights) are
attributable to us in accordance with sec. 22 para. 1 sent. 1 no. 1 and
sec. 22 para. 1 sent. 1 no. 6 of the WpHG. Voting rights are attributed to
us through Third Avenue Real Estate Opportunities Management LLC and Third
Avenue Real Estate Opportunities Fund, L.P. as controlled undertakings
whereby Third Avenue Real Estate Opportunities Fund, L.P. holds directly 3%
or more of the voting rights in the Issuer.

Third Avenue Real Estate Opportunities Management LLC, New York, NY 10017,
USA:

We hereby give notice, pursuant to sec. 21 para. 1 of the WpHG, that on
June 27, 2013 our voting interest in Adler Real Estate AG, Neuer Wall 77,
20354 Hamburg, Germany, fell below the threshold of 5% and amounts to 4,67%
(corresponding to 699,850 voting rights of the Issuer) on this day.

4,67% of the voting rights (corresponding to 699,850 voting rights) are
attributable to us in accordance with sec. 22 para. 1 sent. 1 no. 1 of the
WpHG. The chain of controlled undertakings through which the voting rights
are held is: Third Avenue Real Estate Opportunities Fund, L. P.'



03.07.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      ADLER Real Estate AG
              Herriotstr. 5
              60528 Frankfurt am Main
              Germany
Internet:     www.adler-ag.com
 
End of Announcement                             DGAP News-Service
 
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