www.dtz.com

DTZ Group is a leading international real estate adviser in all of the world's major business centres and growth markets, operating with 10,000 experts in 200 offices in 40 countries. Among European property advisers, DTZ has one of best real estate market coverage. Within Asia-Pacific, DTZ is an absolute market leader in China and Hong Kong with more than 3,800 experts. It is also a leading player in Australia, India, New Zealand, Taiwan, Singapore and South East Asia. In North America, our investment banking firm DTZ Rockwood delivers leading edge capital markets advice, while an alliance with The Staubach Company provides corporate real estate services to multinational corporations. Around the world, DTZ professionals advise international companies, major financial institutions, property companies as well as public sector organisations.

DTZ Corporate Finance teams raise debt and equity capital for direct and indirect asset financings, structure a variety of property funds and securitisation transactions and are involved in the creation of property derivatives and REITs advisory. DTZ's transactional business advises on the purchase, sale, leasing and acquisition of all types of real estate. Professional advisory services include the management of real estate portfolios, building consultancy and valuation as well as capital advice to maximise the value of real estate as an asset class.

DTZ Germany was founded in 1979 and is headquartered in Frankfurt. Today, 150 real estate and corporate finance experts work from offices in Berlin, Düsseldorf, Frankfurt, Hamburg and Munich. The company provides property, capital markets and business solutions through the its divisions, Corporate Finance, Transaction Services, Valuations, Investment Services, Letting, Industrial and Logistic Services, Asset Management, Property Management, Building Consultancy, Global Corporate Services and Consulting & Research.

DTZ – a leader in real estate

• In 2006, DTZ was rated by the readers of Euromoney as the No. 1 Financial Services and No. 1 Research Advisor globally. Euromoney magazine reports on world financial activity, capital markets and banking and is read by senior decision makers and strategic thinkers involved in international finance.
• North American coverage is spearheaded by our investment banking firm, DTZ Rockwood and the occupier services company, The Staubach Company.
• DTZ is the largest international property advisor in mainland China, with a total of eleven mainland Chinese offices employing 1,400 people (3,800 people including property management staff). DTZ's Shanghai office is the largest office outside our global HQ in London.
• DTZ is the No. 1 Overall Property Advisor in Scandinavia according to Euromoney 2006 ranking.
• DTZ became the first agent to top the €1billion mark of total institutional investment deals transacted in Central & Eastern Europe and is ranked No. 1 in Advisory Research by Euromoney in this region.
• DTZ was the first company to establish a permanent presence in the countries of the former Eastern block. Since the investment market started in Central and Eastern Europe in 1999, DTZ was primary adviser in the region's largest transactions in four of the six years to 2005.

Financial results of DTZ Holdings plc. for the year ended 30 April 2006

Profit before tax increased by 44% to £29.7 million (2005: £20.6 million). Turnover rose 19% to £232.1 million (2005: £194.4 million). Earnings per share rose 53% to 37.9 pence (2005: 24.8 pence). The reports further showed strong progress in ongoing development of the Group's services worldwide, with particularly strong profit growth in Continental Europe. Net cash position at year end strengthened further to £30.3 million (2005: £14.0 million), demonstrating the cash generative nature of the Group and its strong working capital management. The Group profit before tax margins increased to 12.8% from 10.6% in 2005.

Strategy

DTZ works with its clients to provide innovative real estate, capital markets and business solutions worldwide. There are two key elements to this – providing first class services to meet clients' needs and providing these cross-border as required.

DTZ continually seeks to improve the quality of services offered to our clients, both through effective client relationship management and by developing new and innovative property products and services.

The delivery of our strategy is underpinned by our strengthening position as a leading European property advisory group with global reach. DTZ has further built on this strength with significant recruitment into its pan-European services.

Over recent years, DTZ has seen the rapid evolution of regional markets for property services, for example, the growing number of pan-European and pan-Asian corporate and valuation instructions. This trend is now developing further with an increase in the volume of intercontinental business, particularly in the capital markets sector, so that a significant global market for real estate services is starting to emerge. With this in mind and in order to meet the changing requirements of its clients, DTZ is continuing to develop its global reach, strengthening its capabilities both in its traditional and its emerging markets and it is anticipated that DTZ's business will increasingly evolve to a global model.

DTZ is well positioned to achieve this by building on its existing capabilities, having a strong network of offices throughout Europe and through its presence with DTZ Rockwood and its partnership relationship with The Staubach Company in the United States. In Asia, DTZ is building on its strong existing base in China and South East Asia. Finally, it has also been extending its presence in India to three offices in Bangalore, New Delhi and Mumbai, while also significantly recruiting in Japan and Australia.

History

As one of the world's leading property advisers, DTZ is rooted in a long history in the property market, dating from 1784 when one of the predecessor firms was founded in Birmingham, UK.

Debenham, Tewson & Chinnocks Holdings plc floated on the London Stock Exchange in 1987, as the parent of the DTZ group of companies. The parent company was re-named DTZ Holdings plc in 1999.

DTZ took part in further equity consolidation in the 1990s, giving it one of the most comprehensive networks of European offices of any property adviser. In 1999 following an equity exchange with Asian partners CY Leung & Co and Edmund Tie & Co, DTZ was globally re-branded and renamed to its present name DTZ Debenham Tie Leung. In 2000, a joint global occupier services venture was formed with the Staubach Company in the US to form DTZ Staubach Tie Leung.

2001 saw the launch of DTZ Corporate Finance Limited and in 2003 DTZ's French subsidiary acquired a majority shareholding in DTZ Asset Management France. Throughout 2004 DTZ continued its global growth through the opening of offices in India and Bahrain and its continued expansion into China. Most recently, in May 2006 DTZ announced the purchase of a 50% interest in Rockwood Realty, to form DTZ Rockwood. Complementing the existing US occupier services alliance with The Staubach Company, DTZ Rockwood delivers dedicated capital markets services to clients in North America.

Contact in Germany

DTZ Zadelhoff Tie Leung GmbH
Eschersheimer Landstr. 6
60322 Frankfurt a.M.
Germany

Phone: + 49 69 92100 -136
Fax: + 49 69 92100 -186

www.dtz.com

Raffaele Lino, Managing Director
Email: raffaele.lino@dtz.com

Eric Vogeler, Associate Director
Email: eric.vogeler@dtz.com

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