At the Supervisory Board Meeting of ADLER Real Estate AG, Mr. Axel Harloff has asked the company's Supervisory Board to be released from the company's Management Board for personal reasons upon close of the ordinary general shareholders' meeting of ADLER Real Estate AG to be held on 9 June 2016. The Supervisory Board has accepted Mr. Harloff's request. He has served as member of the Management Board since 11 February 2003.

Mr. Harloff will remain committed to the company and the Group in an advisory capacity and by serving at Accentro Real Estate AG's Supervisory Board. With effect from 9 June 2016 Mr. Arndt Krienen, who has joined the Management Board on 1 January 2016, will become new Chief Executive Officer (CEO). Also with effect from 9 June 2016 Mr. Sven-Christian Frank, Head of Asset Management, will join the Management Board of ADLER Real Estate AG as Chief Operating Officer (COO).

Mr. Tomas de Vargas Machuca will perform the function of a Chief Financial Officer (CFO) within the company's Executive Committee.