CR Capital AG

Board/Management Information • Oct 7, 2008

News Details

Corporate | 7 October 2008 17:32

CR Capital Real Estate AG:

CR Capital Real Estate AG / Change of Personnel

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 Thomas Ehrich extends Board of Management of CEO Niklas Helmreich
 As CFO Ehrich is responsible for Finances

Berlin, Germany 7 October 2008: CR Capital Real Estate AG, with its primary
focus on the purchasing, restoring and modernising and then selling on
high-quality residential and commercial real estate in the Berlin
metropolitan area, announces that it has strengthened its Board of
Management.

In the context of listing CR Capital Real Estate AG on 1 October, the Board
of Management has been extended to two persons. In addition to the CEO,
Niklas Helmreich, Thomas Ehrich as CFO has been responsible for Finances
and Capital Markets since 1 October. He was appointed by the Supervisory
Board for a period of three years. Most recently Thomas Ehrich held an
executive position at DKB Immobilien AG in Berlin and Potsdam.

'Particularly due to his marketing experience and real estate expertise –
especially in the Berlin metropolitan area – he will supplement the
existing Board of Management in an ideal fashion. With the company’s equity
position of EUR 15 million, the medium-term expansion plans and the demands
of the capital markets, we see ourselves very well positioned in having a
second member of the Board of Management,' stated Stefan Krach, Chairman of
the CR Capital Real Estate AG Supervisory Board.

The Board of Management

About CR Capital Real Estate AG:

The CR Capital Real Estate AG business model covers chiefly the purchase,
restoration and modernisation and subsequent resale of high-quality
residential and commercial real estate in the Berlin metropolitan area.
With extensive modernisation expertise and a wealth of experience from
modernising some 3,000 residential units, new value can be created – at the
same time maintaining existing traditions of historical buildings –
retaining tradition & creating new value. In additional, scaleable rental
income is generated from the properties in the portfolio – in some cases
with rental guarantees of many years. Since October 2008, CR Capital Real
Estate AG has been listed in the Open Market of the Frankfurt Stock
Exchange.

Company contact:

CR Capital Real Estate AG
Hubertusallee 73
14193 Berlin
www.capital-real-estate-ag.de

Phone: 030 / 89 72 72 48
Fax: 030 / 89 72 73 03
info@capital-real-estate-ag.de

Investor Relations Contact:

GFEI Gesellschaft für Effekteninformationen mbH
Carl Bosch Haus
Hamburger Allee 26-28
60486 Frankfurt am Main

Phone: +49 (0)69 - 743 037 - 00
Fax: +49 (0)69 - 743 037 - 22
www.gfei.de
cr-capital-real-estate@gfei.de

07.10.2008 Financial News transmitted by DGAP