euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen / Financial Figures/Balance Sheet / Financial figures third quarter 2008 EBIT and revenues during the third quarter 2008 burdened due to

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quaterly report

13.11.2008

During its third quarter 2008 ALTA FIDES AG has achieved operating
revenues of EUR 234,000 (Q3/2007: EUR 3.5 million). The annual
result after taxes in the third quarter was negative
amounting to EUR -965,000 (Q3/2007: EUR 2.8 million). The
consolidated turnover in the third quarter amounted to EUR 8.036
million (Q3/2007: EUR 8.745 million).

A significant reason with respect to the decrease in
turnover were in particular declining distribution activities as a
consequence of the current capital market situation. The operating
result in Q3 amounts to EUR 1.234 million after adjustments
with regard to singular expenses (EUR 1 million) in relation to
the acquisition of the majority stake by CORESTATE Capital Group.
Deliberate investments in the growth of the business segment
"Student Homes" led to a significant increase of the finance
expenses and consequently to a negative result in the third
quarter 2008 after taxes amounting to EUR -965,000.

ALTA FIDES AG achieved - in particular through building up
the business segment "Student Homes" - an increase of its overall
turnover, consolidated after the first three quarters, to EUR 71
million (corresponding period in 2007: EUR 32.4 million) and thus
significantly by 119% as opposed to the previous year. With
respect to the investment by CORESTATE Group ALTA FIDES AG expects
to successfully continue its growth strategy in the promising
business segment "Student Homes". Through the nationwide
acquisition of premises and existing real estate assets as well as
through several newly developed real estate assets a portfolio of
student homes will be established during the next years and thus
added value will be created in this new class of assets.

ALTA FIDES Aktiengesellschaft für Grundvermögen
Management Board

end of announcement euro adhoc
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ots Originaltext: ALTA FIDES AG für Grundvermögen
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Rainer Fuchs

Vorstand

Tel.: +49 (0)341 35520690

E-Mail: ir@altafides.de

Branche: Real Estate
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade