-Long-time executive positions in leading German residential companies
-Capital market expert with excellent connections worldwide
-Further enhancement of competence on the German residential market and strong signal for the international capital markets

Effective on 1.1.2016, the supervisory board of BUWOG AG has appointed Andreas Segal to the executive board of the company, in which he will assume the position of chief financial officer (CFO) and deputy CEO. Segal was most recently CFO of the listed company Deutsche Wohnen AG and is one of the most experienced and renowned managers in the German real estate industry. His previous career stages include the Berlin residential group GSW Immobilien, in which he was CFO and co-CEO, as well as the electronics retail chain ProMarkt.

'With Andreas Segal, we can further strengthen the competence of our management team and, in doing so, underline our ambitions to continue our quantitative and qualitative growth on the German residential market', CEO Daniel Riedl says. 'We are very pleased that he will enhance our management team with his extensive experience'.

Supervisory Board Chairman Vitus Eckert emphasises Segal's considerable reputation on the global capital markets: 'I am pleased that one of the leading German real estate managers with an excellent standing among international investors will join our executive board. Mr Segal will set important trends in the company as well as on the capital market and be an ideal addition to our executive team'.

Current CFO Ronald Roos will leave the executive board at the end of the year. Eckert says in this regard: 'BUWOG is much obliged to Ronald Roos, for with BUWOG's listing and the acquisition of DGAG, two of the most important chapters in BUWOG's company history took place during his time in office. Ronald Roos played a significant role in ensuring both were a great success'.

About Andreas Segal

Andreas Segal, 46, was most recently the CFO at Deutsche Wohnen AG and deputy supervisory board chairman of GSW Immobilien AG. Before he accepted the position at Deutsche Wohnen AG, he was employed as co-CEO and CFO at GSW Immobilien AG. Between 2003 and 2006 Mr Segal was a member of management at ProMarkt Handels GmbH in Berlin and managing director of Wegert Holding GmbH, a private asset management firm. Additional stages of his career path included activities in the international capital market business at Commerzbank and as a lawyer specialising in corporate finance and tax law. Mr Segal has training in banking and an intermediate diploma in business administration and concluded his legal training with the second state examination. He is also a graduate of the advanced management programme at Harvard Business School.

About BUWOG Group

BUWOG Group is the leading German-Austrian full-service provider in the residential property business and now looks back on 65 years of expertise. Its high-quality property portfolio encompasses approximately 51,500 units and is distributed evenly in Austria and Germany. In addition to asset management (sustainable leasing and portfolio management), the entire value chain of the residential sector is covered by the sales (profitable sale of individual flats as well as properties and portfolios) and development (planning and construction of new buildings in Vienna and Berlin) segments. The shares of BUWOG AG have been listed on the Frankfurt, Vienna and Warsaw stock exchanges since the end of April 2014.

For more information, please contact:

Press contact Austria:

Thomas Brey
M&B PR, Marketing, Publikationen
T +43 (0) 1 233 01 23 15
M +43 676 542 39 09
brey@lustigbrey.at

Press contact Germany:
Peter Dietze-Felberg
RUECKERCONSULT GmbH
Wallstraße 16
10179 Berlin
T: +49(0)30 2844987-62
E:buwog@rueckerconsult.de

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