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DIC Asset AG: DIC Asset AG: Changes in the Management Board

DGAP-News: DIC Asset AG / Key word(s): Change of Personnel
DIC Asset AG: DIC Asset AG: Changes in the Management Board

03.05.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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Press Release
Frankfurt, 03 May 2016

DIC Asset AG: Changes in the Management Board

- CEO Aydin Karaduman also to assume the role of COO
- COO Rainer Pillmayer to leave the company
- CIO Johannes von Mutius placed in charge of acquisitions and
dispositions


DIC Asset AG has restructured its management board, reducing the number of
board members from four to three. Rainer Pillmayer, the COO of DIC Asset
AG, will leave the company by mutual consent at the end of his contractual
term on 31 May 2016. In the future, Aydin Karaduman, the CEO of DIC Asset
AG, will take on the role of COO in addition to his responsibility for the
corporate strategy, and thus be in charge of fund, asset and property
management. Sonja Wärntges (CFO) will remain in charge of Finance &
Controlling while Johannes von Mutius, so far responsible for the Sales
division, will also pool and manage the buying and selling activities in
the Investment division in the role of CIO. The move is intended to align
the management board with the new growth strategy of DIC Asset AG.

Rainer Pillmayer has been with DIC Asset AG since 2008, and has served on
the board as COO since June 2013. Pillmayer's spheres of responsibility
included the fund business which has expanded to more than one billion
euros in assets under management today. "We would like to thank Rainer
Pillmayer for the great collaboration over many years and for his
successful job on the board of DIC", said Prof. Gerhard Schmidt, Chairman
of the Supervisory Board of DIC Asset AG.


About DIC Asset AG

Established in 2002, DIC Asset AG, with registered offices in
Frankfurt/Main, is a real estate company with an investment focus on
commercial real estate in Germany, pursuing a return-oriented investment
policy. The Company's investment strategy is geared to the continued
development of a high-quality, highly profitable and regionally diversified
portfolio. Real estate assets under management comprise 215 properties with
an aggregate market value of EUR 3.2 billion. The real estate portfolio is
structured in two segments: the Commercial Portfolio (EUR 1.8 billion)
comprises existing properties with long-term rental contracts generating
attractive rental yields. The Co-Investments segment (EUR 1.4 billion)
comprises fund investments (accounting for a share of EUR 1.1 billion),
joint-venture investments, and interests in development projects. DIC
Asset AG provides a direct service to tenants through its own real estate
management teams in six offices located at the regional hubs within the
portfolio. This provides DIC Asset AG with an edge in terms of market
presence and expertise, and builds the foundation for maintaining and
increasing income - and the value of its real estate assets. DIC Asset AG
has been included in the SDAX(R) segment of the Frankfurt Stock Exchange
since June 2006. The Company's shares are also included in the EPRA index,
which tracks the performance of the most important European real estate
companies.


Press contacts

RUECKERCONSULT GmbH
Jan Geisler
Wallstrasse 16
10179 Berlin
Germany
Phone: [phone]
Fax: [phone]
[e-mail]


Investor Relations

DIC Asset AG
Peer Schlinkmann
Neue Mainzer Strasse 20 - MainTor
60311 Frankfurt/Main
Germany
Phone: [phone]
Fax: [phone]
[e-mail]


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03.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: DIC Asset AG
Neue Mainzer Straße 20 * MainTor
60311 Frankfurt am Main
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A1TNJ22, DE000A12T648
WKN: A1X3XX, A1TNJ2, A12T64
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart


End of News DGAP News Service
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460019 03.05.2016