Accentro Real Estate AG

Board/Management Information • Dec 14, 2009

News Details

Corporate | 14 December 2009 12:15

ESTAVIS AG Downsizes Board and Continues Consolidation Course

ESTAVIS AG / Change of Personnel

14.12.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Berlin, December 14, 2009 - The board of ESTAVIS AG will be reduced from
four to two members as of January 1, 2010, in conjunction with the
strategic realignment of the company. The decision was made by the
supervisory board of ESTAVIS AG.

The board members as of January 1, 2010, will be Florian Lanz and Eric
Mozanowski, with Florian Lanz to remain chairman of the board.

Corina Büchold and Hans Wittmann will resign their board mandates at the
end of 2009, but will continue to maintain close ties to the company. In
fact, while no longer on the board, Corina Büchold will serve in a senior
position in the company. Hans Wittmann will support ESTAVIS AG in an
advisory role in the future.

The chairman of the board and the supervisory board of ESTAVIS AG thanked
Corina Büchold and Hans Wittmann expressly for their outstanding commitment
since the formation of the company in 2006, as well as for their personal
contribution to the restructuring and repositioning of ESTAVIS AG.

'Streamlining the board is part of our ongoing strategic realignment and
our company's economic consolidation, both of which efforts already
returned positive figures for the first three months of the new financial
year,' commented Florian Lanz, Chairman of the Board of ESTAVIS AG. 'We
explicitly embrace the fact that the expertise and experience of the two
parting board members will remain available to our company, and that we
will master the challenges of the coming months as a team.'

About ESTAVIS
ESTAVIS offers the right solutions for institutional and private investors
in the field of residential property investments in Germany. This includes
the planning of new or the optimisation of existing individual or portfolio
investments, whether direct or indirect. In this process, the entire
value-added chain is oriented towards a successful exit - from property
assembly through optimisation to disposal. The key success factor and
competitive advantage of ESTAVIS is the strong sales network towards
individual investors. The ESTAVIS AG has its registered office in Berlin
and is listed in the prime standard of the Frankfurt Stock Exchange
(Security Identification Number): A0KFKB).

Contact:
ESTAVIS AG - Peter Vogt - Investor & Public Relations - Tel: + 49 30 887
181 799 - E-Mail: ir@estavis.de

14.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Deutschland
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

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