Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EquityStory AG.
The person with duty of notification is solely responsible for the content of this announcement.

Details of the person subject to the disclosure requirement
Last name: Ibel
First name: Andreas
Company: TAG AG

Position: Member of a managing body

Information about the transaction with duty of notification

Description of the financial instrument: Share
ISIN/WKN of the financial instrument: DE0008303504
Type of transaction: Buy
Date: 20.05.2008
Price: 6.11
Currency: EUR
No. of items: 2000
Total amount traded: 12220.00
Place: XETRA

Information about the company with duty of publication

Issuer: TAG Tegernsee Immobilien u. Beteiligungs AG
Steckelhörn 9
20457 Hamburg
ISIN: DE0008303504
WKN: 830350

End of Directors' Dealings Notification (c) DGAP 22.05.2008 

Financial News transmitted by DGAP
ID 6071