DGAP-Adhoc

Peach Property Group AG shareholders approve all motions

Peach Property Group AG   / Key word(s): AGM/EGM/Dividend

11.05.2012 17:39

Release of an ad hoc announcement pursuant to Art. 53 KR

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Media release

Peach Property Group AG shareholders approve all motions

  - Dividend of CHF 0.30 for distribution from capital reserves

  - Remuneration report accepted

  - Dr. Corinne Wohlfahrt elected to Board of Directors

Zurich, 11 May 2012 - The annual general meeting (AGM) of Peach Property
Group AG was held in Zurich today in the presence of 27 shareholders
representing 61 per cent of the issued shares.

The shareholders approved, with clear majorities, all motions proposed by
the Board of Directors. These included approval of the annual report and
annual and consolidated financial statements 2011 of Peach Property Group
AG, as well of the dividend application of CHF 0.30 for the financial year
2011. This will be distributed in the form of a repayment from capital
reserves, and is thus not subject to deduction of withholding tax. The
dividend yield of 2.7 per cent at year-end is in line with the company´s
policy of paying shareholders a regular dividend that is above long-term
money market rates. The shareholders also approved the remuneration report,
on which a consultative ballot took place.

Furthermore, the AGM elected Dr. Corinne Wohlfahrt as a new member of the
Board of Directors of Peach Property Group AG. Dr. Corinne Wohlfahrt
(Swiss, born 1966) has been self-employed in the Private Equity domain for
some ten years. She brings in-depth knowledge of the German market and, as
M&A specialist, has advised Peach Property Group in important transactions.
Dr. Christian Wenger, Peter Bodmer, Dr. Christian De Prati and Dr. Thomas
Wolfensberger were re-elected for further one-year terms of office. The
services of auditors PricewaterhouseCoopers AG were also confirmed for a
further year.

Contacts

Investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
[phone]
[e-mail]

Media:
Siro Barino, Barino Consulting
[phone]
[e-mail]

About Peach Property Group
Peach Property Group AG is a leading developer in the field of top-quality
residential property in the German-speaking region of Europe. Its
activities cover the entire prime property development value chain, from
site evaluation to project planning, implementation and marketing.
Properties developed by Peach Property Group AG are located on exceptional
sites in or near city centres and holiday resorts. Premier amenities meet
the requirements of a demanding clientele. The company´s integrated
corporate strategy includes not only the development of high-quality
residential properties, but also the management of investment properties
for the purpose of generating consistent annual revenues.

Peach Property Group AG is headquartered in Zurich and also has a branch
office in Cologne. The Group´s current projects account for a total target
marketing volume of approximately CHF 800 million. Peach Property Group AG
is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366).

Visit www.peachestates.com for more information.

11.05.2012 News transmitted by EquityStory AG.
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Language:               English
Company:                Peach Property Group AG
                        Seestrasse 346  
                        8038 Zürich
                        Switzerland
Phone:                  [phone]
Fax:                    [phone]
E-mail:                 [e-mail]
Internet:               www.peachestates.com
ISIN:                   CH0118530366
Swiss Security Number:  A1C8PJ
Listed:                 Freiverkehr in Berlin, Stuttgart; Open Market in
                        Frankfurt; SIX

End of Announcement                             EquityStory News-Service

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