The members of the management board of WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft, Mr. Stavros Efremidis and Mr. Ralf Struckmeyer, have executed termination agreements with the company and will resign from the management board on November 30, 2017. The termination agreements are conditional upon the settlement of the takeover. These changes in the management board of WCM are related to the takeover of WCM by TLG IMMOBILIEN AG and the intention to enter into a domination agreement as was announced on September 29, 2017.