Aareon AG as an SAP partner to the property sector at this year's CeBIT

Mainz (ots) -

Blue Eagle release captures highest market share among all
SAP-based property management solutions / New functionalities
presented "live"

Aareon AG, Europe's leading consulting and IT systems house for
the property industry, will be represented at CeBIT 2006 as an SAP
partner for the mySAP Real Estate solution at the SAP booth from
March 9 to 15, 2006. Aareon's presence as an SAP Business Partner at
CeBIT once again underscores its successful strategic collaboration
with SAP. In hall 4, booth D12, the focus will be on the latest
release of Blue Eagle, the property management software from Aareon
AG. Blue Eagle Release 3.0 is an integrated ERP system for handling
all property management processes.

Live demonstrations and presentations of Blue Eagle

On March 9, at 2:00 p.m., visitors can experience the efficient
management of property processes "live" during a Blue Eagle
presentation. Experienced consultants will demonstrate the scope of
application and the functionalities of Blue Eagle as part of the SAP
partner forum in hall 4, booth D12, forum 3.

Since its official launch in January 2004, the software has been
deployed by numerous customers. In Germany, companies managing a
total of more than one million residential units have opted for Blue
Eagle. The DEGEWO Group, Berlin, has been using the new solution
since the beginning of the year.

Managing 90,000 rental units and 600 users, the DEGEWO Group is
one of the largest residential property developers in Germany. The
DEGEWO project is the biggest implementation of Blue Eagle in Germany
to date.

"CeBIT is a key trade fair for us in the context of globalising
markets. Given the increasing investments of foreign companies in
German residential portfolios, the market demands new solutions which
effectively support customers' business models. Our comprehensive
range of products and services specifically caters to the needs of
the industry," Dr. Manfred Alflen, chief executive officer of Aareon
AG, said in the run-up to the fair. In future, Blue Eagle will be
available not only in Germany but in Switzerland, France and Italy as
well.

Personal discussions

To arrange a personal information talk during CeBIT with the press
officer of Aareon AG, Ms. Anja Weidig, please contact the address
below.

About Aareon AG:

Aareon AG, a wholly-owned subsidiary of Aareal Bank AG, is
Europe's leading consultancy and systems house for the property
sector. The company's offerings include all important requirements
for the management of residential and commercial real estate:
consulting, software, services and support.

Almost 50,000 Aareon users across Europe manage some 8 million
residential and commercial units. Aareon has offices in 20 locations
(12 of them in Germany). Apart from Germany, Aareon AG is also
represented in France, the United Kingdom, Italy, Poland and
Switzerland. The consultancy and systems house has almost 1,100
employees, 20 percent of whom work outside of Germany. Headquartered
in Mainz, Germany, the company recorded sales of approximately EUR
159.7 million and earnings before interest and taxes (EBIT) of EUR
12.3 million in 2004.

About Blue Eagle:

Blue Eagle is an integrated ERP system for handling all property
management processes. The software is being developed in a long-term
and strategic cooperation with SAP AG. Blue Eagle extends basic SAP
modules with industry-specific add-ons. Only these add-ons ensure
that industry processes are handled with maximum efficiency. A
template developed by Aareon provides customers with an
out-of-the-box system that is tailored to their specific processes.
Integrated services ensure optimum communication by providing links
to partners, suppliers and customers. This enables the creation of
efficient and automated processes. Examples of these services include
the integrated BKXL payment processing system, which was developed
together with Aareal Bank exclusively for Blue Eagle; Mareon, the
service portal for the property industry; and Aareon Energy
Management for the recording and billing of heating and operating
costs.

All Blue Eagle versions are available as an ASP (application
service providing), hosting and in-house solution.

Aareon AG
Im Münchfeld 1-5
55122 Mainz
Germany

Contact:
Anja Weidig
Press officer
Phone: +49 6131 301-357
Mobile: +49 160 8440010
Fax: +49 6131 301-870
E-Mail: Anja.Weidig@Aareon.com
www.aareon.com