Instone Real Estate Group SE announced CFO change. Foruhar Madjlessi to step down from his position as CFO for personal reasons, effective July 31, 2023. Supervisory Board appoints David Dreyfus, Senior Partner of Corporate Finance Advisory Lilja & Co.

as new CFO: The supervisory board of the company has agreed to Foruhar Madjlessi's request to early termination of his CFO contract, which was originally scheduled to end in December 2026. Foruhar Madjlessi has decided to relocate for personal reasons and, consequently, leave the company on July 31, 2023. The termination has been carried out amicably by mutual agreement.

At the same time, the supervisory board has appointed David Dreyfus as new CFO, effective September 1, 2023. David Dreyfus has over 28 years of experience in corporate finance and capital markets, including as Director with Lazard and most recently as Senior Partner of Lilja & Co. In addition to numerous other M&A and capital markets transactions, David Dreyfus has advised Instone in preparation and execution of its IPO in 2017 and 2018 and is therefore intimately familiar with the company's business model and operations.