Appointment of Special Servicer

23 November 2010

Speymill Deutsche Immobilien Company plc

("SDIC" or "the Company")

Appointment of Special Servicer

On 20 October 2010, Speymill Deutsche Immobilien Company plc (AIM: SDIC), the pan-German residential property investment company listed on AIM, announced that it continued to defer amortisation payments on all its debt packages which included the securitised package. Amortisation payments became due on the securitised package following the revaluation of the portfolio as at 30 June 2010 which was announced on 12 August 2010.

As a result of the deferral of the amortisation due on the securitised package, the parties to the securitisation have appointed a Special Servicer pursuant to a Servicing Agreement in relation to the various classes of commercial mortgage backed floating notes.

The Board of SDIC understands that the appointment of the Special Servicer is standard practice in the circumstances and the Company remains in discussions with its lenders regarding the restructuring of its debt facilities.

For more information, please visit http://www.speymilldeutsche.com or contact:

Notes to Editors:

Speymill Deutsche Immobilien Company plc is a pan-German residential property investment company, which listed on the AIM market of the London Stock Exchange in March 2006, raising £170 million. In May 2007, SDIC raised a further €250 million through a C share placing. The Euro denominated fund aims to provide investors with an attractive level of income together with the prospect for long-term capital growth.

The German residential market is viewed as attractive to investors due to a number of factors including rising German economic activity and productivity, and the availability of assets at below replacement cost. Acquired properties should, through active management, also have the potential for increased rental rates and accordingly improved capital values and increased yield.