EQS-Adhoc

Peach Property Group AG with changes in the executive management team

EQS Group-Ad-hoc: Peach Property Group AG / Key word(s): Change of
Personnel
Peach Property Group AG with changes in the executive management team

01.04.2015 / 07:01
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------

Press release

Peach Property Group AG with changes in the executive management team

Zurich, 01 April 2015 - Peach Property Group AG, a leading investor in
residential and commercial real estate, today announced changes to its
executive management team. This comes after the recently reported
downsizing of its Board of Directors in a move to further adjust its
management team to the Company's new positioning in the market. This move
will also entail a further reduction in Peach Property Group AG's cost
base. The new personnel structure reflects the Company's focus on its
value-enhancing investment property portfolio, while major, complex
development projects are being completed.

Going forward, the management team will comprise only four members instead
of six. Renzo Fagetti (Managing Director Switzerland) and Mirco Riondato
(Chief Investment Officer) will leave the Company no later than mid-2015.
Renzo Fagetti will continue to be available to the Company as external real
estate developer.

Dr. Thomas Wolfensberger (CEO), Dr. Marcel Kucher (CFO), Bernd Hasse
(Managing Director Germany) and Dr. Andreas Steinbauer (Head of Sales and
Marketing) will remain on the management team. The operating property
business in Switzerland will be headed directly by Chief Executive Officer
Dr. Thomas Wolfensberger. Dr. Marcel Kucher will also serve as Chief
Operating Officer (COO) in addition to his role as Chief Financial Officer.

The Board of Directors of Peach Property Group AG would like to thank both
Renzo Fagetti and Mirco Riondato for their commitment in the past years as
well as their valuable and responsible work especially in connection with
the Company's complex development projects.

Peach Property Group AG is also announcing changes to its second management
level. In this context, the Technical Director in Germany and the Chief
Financial Officer for Germany will leave the Company by mutual agreement
and on completely amicable terms in the third quarter of 2015 after the