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Press Release

GAGFAH S.A. to Announce Q1 2010 Earnings on May 12, 2010
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Luxembourg, May 05, 2010 - GAGFAH S.A. (Frankfurt Stock Exchange: GFJ) today announced that it will release the Company's financial results for the first quarter of 2010 on Wednesday, May 12, 2010, before the Frankfurt Stock Exchange opens. In addition, management will host an earnings conference call at 1:00 P.M. CET (12:00 noon. London time, 7:00 A.M. New York time) later that day. All interested parties are welcome to participate in the live call. You can access the conference call by dialing 1866 966 9439 from within the U.S., or +44 (0) 1452 555 566 from the U.K., or 8002 7512 from Luxembourg, or 0800 101 4960 from Germany or +44 (0) 1452 555 566 from all other countries ten minutes prior to the scheduled start of the call; please refer to "GAGFAH Q1 2010 Earnings Call". The conference ID will be 72330285.

A webcast of the conference call will be available to the public on a listen-only basis at www.gagfah.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast. A replay of the webcast will be available for twelve months following the call on www.gagfah.com.           

Contact
GAGFAH S.A.

Investor Relations
2-4, rue Beck
L-1222 Luxembourg
Tel.: +352 266 366 1
Mail: info@gagfah.com
www.gagfah.com
R.C.S. Luxembourg B 109.526

About GAGFAH S.A.
GAGFAH S.A. is a joint stock corporation organized under the laws of the Grand Duchy of Luxembourg qualifying as a securitization company under the Luxembourg Securitization Law of March 22, 2004. The core business of GAGFAH S.A.’s operating subsidiaries is the ownership and management of a geographically diversified and well maintained residential property portfolio located throughout Germany. With a portfolio of approximately 165,000 apartments, GAGFAH is the largest German listed residential property company.

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