EANS-Adhoc: GSW Immobilien AG /

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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05.05.2010

GSW Immobilien AG decides to postpone planned IPO

Berlin, May 5, 2010 - GSW Immobilien AG ("GSW") has decided to
postpone its planned initial public offering. Since announcing its
intention to float there has been significantly increased
volatility and uncertainty in global equity markets. Recent
macroeconomic developments unrelated to GSW have resulted in a
siginificant deterioration of the capital market environment.

After reviewing market conditions, the GSW´s management and
the selling shareholders have decided to postpone the planned
offering.

Media Relations:
GSW Immobilien AG
Thomas Rücker
Charlottenstrasse 4, 10969 Berlin, Germany
Tel.: +49. (0)30. 25 34-13 32
Fax: +49. (0)30. 25 34-19 34

E-mail: thomas.ruecker@gsw.de

Disclaimer

This release does not contain or constitute an offer of, or the solicitation of

an offer to buy or subscribe for, securities to any person in
Australia, Canada, Japan, or the United States or in any jurisdiction
to whom or in which such offer or solicitation is unlawful. The
securities referred to herein may not be offered or sold in the
United States absent registration under the U.S. Securities Act of
1933, as amended (the "Securities Act") or another exemption from,
or in a transaction not subject to, the registration requirements of
the Securities Act. Subject to certain exceptions, the
securities referred to herein may not be offered or sold in
Australia, Canada or Japan or to, or for the account or benefit
of, any national, resident or citizen of Australia, Canada or
Japan. The offer and sale of the securities referred to herein
has not been and will not be registered under the Securities Act
or under the applicable securities laws of Australia, Canada or
Japan. There will be no public offer of the securities in the
United States.

end of announcement euro adhoc
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ots Originaltext: GSW Immobilien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Sebastian Jacob

Tel.: +49 30 25 34- 18 82

E-Mail: sebastian.jacob@gsw.de

Branche: Real Estate
ISIN: DE000GSW1111
WKN: GSW111
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / regulated dealing