SDCC Speymill Deut.C

RNS Number:2665B
Speymill Deutsche Immobilien Co PLC
01 August 2007


Speymill Deutsche Immobilien Company plc ("SDIC" or "the Company")

C Share Financing Update

In May 2007, Speymill Deutsche Immobilien Company plc (AIM: SDIC; SDCC), the
pan-German residential property investment company listed on AIM, raised a
second tranche of funding through the issue of C Shares for investment into a
further portfolio of properties ("the C Share Portfolio").

The Company now has in place a committed loan facility of up to EUR500 million 
through a syndicate of three European banks.  The facility, along with the 
recently completed forward hedging strategy, will mean that the total interest 
expense of the EUR500 million will not exceed 5 per cent over the coming 7 
years.  In addition, the Company has another EUR300 million of forward interest 
rate hedging that will cover any further loans that may be required on the 
C Share Portfolio.

1 August 2007

Contact:

Smith & Williamson Corporate Finance Limited                +44 (0)20 7131 4000
Azhic Basirov / Siobhan Sergeant


Notes to editors:

Speymill Deutsche Immobilien Company plc is a pan-German residential property
investment company which listed on AIM on March 2006, raising #170 million on
admission.

In May 2007, the Company raised a further EUR250 million through a placing of C
Shares which were admitted to trading on AIM on 10 May 2007.

The Company was established to invest in the German property market and,
predominantly, in the residential sector. It is anticipated that once fully
invested, the Company will have a balanced portfolio of properties throughout
Germany.

The Company's objective is to provide Shareholders with an attractive level of
income together with the prospect for long-term capital growth.

The Manager is Speymill Property Managers Limited and the Investment Adviser is
GOAL Service GmbH. The Manager and Investment Adviser are responsible for
identifying new investment opportunities.

The Manager is a subsidiary of Speymill Group plc (AIM: SYG) while the
Investment Adviser is a joint venture partner of Speymill Group plc (which owns
51% of the venture).


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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