VERIANOS Real Estate Aktiengesellschaft announced that as of March 31, 2020, Jost-Albrecht Nies, current Executive Board member, will leave the company at his own request and by mutual agreement. As a result, the Executive Board will be composed of Diego Fernández Reumann and Tobias Bodamer. Dr. Piero Munari and Dr. Frank Pörschke, who are already Senior Advisors to the company, are to join the "one-tier" VERIANOS Board of Directors following the completion of the conversion into a Societas Europaea (SE). After working for Deutsche Bank, JPMorgan and SwissRE, among others, Dr. Piero Munari spent more than 10 years in the UniCredit Group, most recently as Global Head Investor of Relations. He was appointed to the Board of Directors of VERIANOS SE at the Annual General Meeting 2019. Dr. Frank Pörschke has served on various supervisory boards and committees since leaving Jones Lang LaSalle as Germany CEO and President EMEA Markets. Prior to that, he was Speaker of Management Boards of Eurohypo AG and CommerzReal AG, among others. He is to be proposed for election to the Board of Directors of VERIANOS SE at the Annual General Meeting 2020.