ENCAVIS AG: Alexander H. Stütz appointed to the Management Board of Encavis Asset Management AG and Karsten Mieth appointed Spokesman of the Management Board

Alexander H. Stütz appointed to the Management Board of Encavis Asset Management AG (EAM), Karsten Mieth appointed Spokesman of the Management Board

Supervisory Board of Encavis Asset Management AG trusts in the continuity
of the successful Management Team and strengthens the Management Board
from their own ranks

Hamburg/Neubiberg, December 2, 2019 - The Supervisory Board of Encavis Asset Management AG has appointed Mr. Alexander H. Stütz to the Management Board of the Company with effect of January 1, 2020. The appointment will run for three years until December 31, 2022. At the same time, the former sole member of the Management Board, Mr. Karsten Mieth, was appointed Spokesman of the Management Board of Encavis Asset Management AG.

Alexander H. Stütz (graduate engineer of aerospace technology) has more than 20 years of experience in managing functions at bank-independent financial service institutions with a focus on asset management, sales and controlling. Already in 2011, Stütz integrated the Renewable Energies Business Area he had developed into the portfolio structure of long-term investors. He now moves up from the position of Head of Institutional and Private Clients of Encavis Asset Management AG, which he has held since June 2017, to the Management Board of Encavis Asset Management AG.

'With Mr. Stütz, we are pleased to strengthen the management of EAM in the currently rapidly growing markets for solar and wind energy with an experienced and highly competent executive from our own ranks. With the Management Board team consisting of Mr. Mieth and Mr. Stütz as well as with the team in Neubiberg, we are perfectly prepared for the challenges of the future,' said Dr. Christoph Husmann, Chairman of the Supervisory Board of Encavis Asset Management AG, welcoming the expansion of the Management Board of the dynamically growing subsidiary of Encavis AG.

About Encavis Asset Management AG:
Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growth market of renewable energies. The company has been investing successfully in this area since 2006, covering the entire value chain from asset sourcing to operational management of the assets.

Encavis Asset Management AG is a wholly-owned subsidiary of Encavis AG. As part of the Encavis Group, Encavis Asset Management AG benefits from the company's many years of experience and a broad industry network.

Further information on the company can be found at www.encavis.com