DGAP-News

DEMIRE Deutsche Mittelstand Real Estate AG: Changes in the DEMIRE Supervisory Board and Shareholder Structure

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Change of Personnel/Miscellaneous DEMIRE Deutsche Mittelstand Real Estate AG: Changes in the DEMIRE Supervisory Board and Shareholder Structure 20.01.2017 / 10:51 The issuer is solely responsible for the content of this announcement. Changes in the DEMIRE Supervisory Board and Shareholder Structure

Langen, 20 January 2017 - Following the Group's restructuring, repositioning and successful expansion of business activities, Günther Walcher will step down as a member of the DEMIRE Supervisory Board. In addition, DeGeLog, in which Günther Walcher held a minority share, sold its 8.32 % shareholding in DEMIRE to Klaus Wecken of Wecken &Cie. Dr Peter Maser is also terminating his Supervisory Board mandate at DEMIRE. Dr Maser was appointed to the Supervisory Board of DEMIRE at the beginning of 2015 and elected as deputy chairman. He advised the Company in the areas of equity and capital market law based on his many years of banking and capital market experience and his expertise as a lawyer. The Company has already initiated the appropriate actions to promptly fill the two vacant Supervisory Board seats with competent candidates.

As a result, Wecken & Cie. now holds 26.53 % of DEMIRE's share capital, which makes it the Company's largest investor. Dr Walcher assumed his Supervisory Board activities in 2013 when DEMIRE - which at that time was still known as MAGNAT Real Estate Opportunities AG - had a market capitalisation of just roughly EUR 4 million. During Mr Walcher's position on the Supervisory Board, all of the Company's governing bodies were reorganised and the business activities were refocused on the German commercial real estate market. The majority of the portfolio, which had been held in Eastern Europe by MAGNAT, has since been sold or written off. DEMIRE also executed an extensive restructuring and realignment programme with Mr Walcher. This programme, which has been successfully completed, is the reason DEMIRE now holds roughly EUR 1 billion in assets and has a market capitalisation of over EUR 200 million, representing a fifty-fold increase.