PRESS RELEASE

ORCO PROPERTY GROUP - Managerial Changes

Luxembourg, 5 November 2014

ORCO PROPERTY GROUP and Mr. Yves Désiront announce that they mutually agreed to terminate their collaboration. Mr. Désiront's position of Group CFO is as a result terminated with immediate effect.  The parties agreed that Mr. Désiront will continue supporting the Company in several specific matters until the end of February 2015. 

Mr. Désiront has worked for ORCO PROPERTY GROUP on various finance positions since 2005.  As of end of 2012 he was employed as the Group CFO.  

The role of the interim Group CFO will be taken over by Mr. Jiri Dedera, currently Deputy CEO.

         
For more information visit www.orcogroup.com:
http://www.orcogroup.com

ORCO PROPERTY GROUP – Managerial Changes :
http://hugin.info/143527/R/1869017/657007.pdf



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Orco Property Group via Globenewswire

HUG#1869017