TLG Immobilien : Changes to the Supervisory Boards of TLG IMMOBILIEN AG and WCM AG

Changes to the Supervisory Boards of TLG IMMOBILIEN AG and WCM AG

Berlin, 28 February 2018 - The Supervisory Boards of TLG IMMOBILIEN AG (DE000A12B8Z4) and its subsidiary WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft (WCM AG) have undergone the following changes:

TLG IMMOBILIEN AG
Elisabeth Talma Stheeman, who joined the Supervisory Board of TLG IMMOBILIEN AG in September 2014, has stepped down with effect from 29 January 2018. Additionally, Frank D. Masuhr has resigned from the Supervisory Board of TLG IMMOBILIEN AG with effect from 31 January 2018.

Succeeding Elisabeth Talma Stheeman, Mr Stefan E. Kowski was appointed to the Supervisory Board of TLG IMMOBILIEN AG by judicial order from 21 February 2018 until the end of the next general meeting of the company. An expert in finance, Stefan E. Kowski is Founding Partner at Novalpina Capital LLP in London.

The Supervisory Board of TLG IMMOBILIEN AG therefore currently consists of Michael Zahn (Chairman), Dr Michael Bütter (Vice Chairman), Stefan E. Kowski, Dr Claus Nolting and Helmut Ullrich.
Further details here...

WCM AG
Furthermore, Michael Zahn resigned from the Supervisory Board of WCM AG with effect from 8 February 2018. Through the takeover of the company by TLG IMMOBILIEN AG in November 2017, Mr Zahn became both a member and Chairman of the Supervisory Board of WCM AG.

With effect from 20 February 2018, Frank D. Masuhr has been appointed as a member of the Supervisory Board of WCM AG until the end of the next general meeting. Mr Masuhr is a qualified engineer and has more than 25 years of experience in property and facility management as well as the management of group, family-run and private equity companies.

While filling the vacant positions, the board of three elected Helmut Ullrich as Chairman and Frank D. Masuhr as Vice Chairman. Karl Ehlerding is the third member of the Supervisory Board of WCM AG.
Further details here...

Michael Zahn, Chairperson of the Supervisory Board of TLG IMMOBILIEN AG, comments on these changes: "On behalf of the Supervisory Board and the members of the Management Board, I would like to thank Elisabeth Talma Stheeman for her outstanding and successful work for the company and its shareholders and Frank D. Masuhr for his willingness to chair the Supervisory Board of WCM AG. I would also like to welcome Mr Kowski to the Supervisory Board of TLG IMMOBILIEN AG and look forward to working constructively with him to continue shaping the further growth of the company."

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TLG IMMOBILIEN AG is a listed leading commercial real estate company in Germany that has been synonymous with real estate expertise for over 25 years. TLG IMMOBILIEN AG generates stable rental income and exhibits low vacancy rates, very good building stock and profits from its local employees' excellent market knowledge. As an active portfolio manager, TLG IMMOBILIEN AG is specialised in commercial properties for office and retail use: it focuses on managing a high-quality portfolio mostly comprising office properties in Berlin, Frankfurt/Main, Dresden, Leipzig and Rostock. The company also has a regionally diversified portfolio of retail properties in highly frequented micro-locations. The portfolio also includes seven hotels in Berlin, Dresden, Leipzig and Rostock. TLG IMMOBILIEN AG's properties stand out not only due to their excellent locations but also because of their long-term rental or lease agreements.

As at 30 September 2017, the property value amounted to EUR 2.4 bn. As at the same reporting date, the EPRA net asset value per share amounted to EUR 20.00.

This publication contains forward-looking statements based on current views and assumptions of TLG IMMOBILIEN AG's management and made to the best of knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause TLG IMMOBILIEN AG's revenues, profitability or the degree to which it performs or achieves its targets, to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. TLG IMMOBILIEN AG accepts no guarantee or responsibility regarding such forward-looking statements and will not adjust them to future results or developments.