annual report 31 Mar 2007 - SEB Asset Management

Documentation of the bases for taxation in accordance with section 5 (1)
sentence 1 number 1 and 2 of the InvStG (German Investment Tax Act)*
Partial distribution/partial retention
66 SEB ImmoInvest
Private assets Business assets
Amount per unit
in EUR
Investors liable for
income tax
Amount per unit
in EUR
Business assets
Investors liable for
corporation tax
Amount per unit
a) Distribution amount 3.3000 1) 3.3000 1) 3.3000 1)
b) Income distributed (proportion of income from financial year
contained in the distribution) 3.3194 2) 3.3194 2) 3.3194 2)
i.e. not including amount carried over from previous year and not including
development project interest
Distribution-equivalent income
(carried forward to new account in accordance with tax law) 0.2425 0.2425 0.2425
c) Included in the distribution
aa) Carried forward from previous year 0.0000 0.0000 0.0000
bb) Tax-free capital gains on securities 0.0015
cc) Domestic and foreign dividend income, half of which is tax-free 0.0048 3) 0.0048 3)
dd) Domestic and foreign dividend income, tax-free for corporations 0.0048
ee) Capital gains from shares, half of which is tax-free 0.0000 2)
ff) Capital gains from shares, tax-free for corporations 0.0000
gg) Tax-free capital gains from subscription rights to free units
in corporations
hh) Tax-free capital gains on real estate outside the taxable period
0.0000
of ten years 0.0000
ii) Tax-free foreign income subject to progression clause in Germany 2.3205 2.3205 2.3205
jj) Foreign income with imputable foreign withholding tax 0.0000 0.0000 0.0000
kk) Foreign income with notional foreign withholding tax
Included in the distribution-equivalent income
0.0000 0.0000 0.0000
cc) Domestic and foreign dividend income, half of which is tax-free 0.0000 3) 0.0000 3)
dd) Domestic and foreign dividend income, tax-free for corporations 0.0000
ii) Tax-free foreign income subject to progression clause in Germany 0.0000 0.0000 0.0000
jj) Foreign income with imputable foreign withholding tax 0.0000 0.0000 0.0000
kk) Foreign income with notional foreign withholding tax 0.0000 0.0000 0.0000
d) Portion of distribution and distribution-equivalent income warranting
the crediting or reimbursement of withholding tax on dividend
income
aa) Basis of calculation for savings tax 1.2351 1.2351 1.2351
bb) Basis of calculation for withholding tax on dividend income 0.0000 0.0000 0.0000
e) Amount of withholding tax on dividend income to be credited
or reimbursed
aa) Savings tax (30% of above basis of calculation) 0.3705 4) 0.3705 4) 0.3705 4)
bb) Withholding tax on dividend income (20% of above basis of calculation) 0.0000 4) 0.0000 4) 0.0000 4)
f) Amount of foreign tax for foreign income taxable in Germany
aa) Imputable foreign withholding tax 0.0000 0.0000 0.0000
bb) Deductible foreign withholding tax 0.0000 0.0000 0.0000
cc) Notional foreign withholding tax 0.0000 0.0000 0.0000
g) Amount of depreciation or depletion (depreciation of buildings
in accordance with German law) 0.5515 0.5515 0.5515
h) Amount of any corporation tax credit utilised by the distributing
corporation in accordance with section 37 (3) KStG 0.0000
1) Resolution on the distribution dated 20 June 2007
2) Including 10% non-deductible income-related expenses of EUR 0.0194
3) Income is disclosed in full (of which half is tax-free).
4) Plus 5.5% solidarity surcharge
in EUR
* Deviations between amounts according to investment law or tax law result
from the offsetting of gains and losses, non-deductible costs in accordance
with tax law and the tax depreciation of buildings.