EQS-Adhoc

Peach Property Group changes Board of Directors and announces details of cost-cutting programme - Seite 2

to his work as the Group's Chief Executive Officer (CEO). In this capacity
he will be pushing ahead with the strategy of increasing the focus on
investment properties aimed at increasing value and of implementing
standardised property development. In the context of the organisational
streamlining, Martin Eberhard resigns from his post as a Board member with
immediate effect. The other members of the Board of Directors, Peter E.
Bodmer and Dr. Christian De Prati will be nominated for further one-year
terms of office.

The Board of Directors thanks its departing members for their untiring work
for the Group.

At the same time, the Group disclosed initial details of the cost-saving
programme announced at its financials press conference on 10 March 2015. In
agreement with the Board of Directors, CEO Dr. Thomas Wolfensberger will
forgo a large portion of his annual fixed salary, which will be reduced by
CHF 200,000 to CHF 350,000. Coupled with other measures, the Group aims to
create a package by the end of the first half-year that will result in
annual cost savings of at least CHF 2.5 Mio.

Dr. Thomas Wolfensberger commented: "Last year Peach managed to boost its
rental income to more than CHF 10 million. At the same time, we reduced our
annual operating expenses by CHF 4 million in the past two years. Now that
the largest development projects have been completed, we will be able to
reduce our cost base even further. At the same time, we will enhance our
asset management expertise for property portfolios. The changes, which
affect our entire Group, all aim to ensure a sustainable and profitable
future."

Contacts:

Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher,
Chief Financial Officer
[phone] | [e-mail]


Media Germany
edicto GmbH, Axel Mühlhaus, Peggy Kropmanns
[phone] | [e-mail]

About Peach Property Group AG

Peach Property Group AG is a property investor and developer focused on
investments in Switzerland and Germany. The portfolio includes an
increasing number of investment properties that are designed to generate
sustained income as well as attractive residential development properties.
The Group's activities cover the entire value chain, from site evaluation