DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Change of Personnel/Miscellaneous DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE's supervisory board completed again: Acknowledged experts, Frank Hoelzle and Dr Thomas Wetzel, fill vacant posts 16.02.2017 / 08:09 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- DEMIRE's supervisory board completed again: Acknowledged experts, Frank Hoelzle and Dr Thomas Wetzel, fill vacant posts Langen, 16 February 2017 - Frank Hoelzle, CEO of care4 AG, Basel, and Dr Thomas Wetzel, specialist lawyer and expert for construction and property law, Zumikon, have been appointed by the district court Frankfurt/Main - registry court - as the new members of DEMIRE's supervisory board as of 14 February 2017. With the appointment, the court accommodated the request of the executive board of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0). The legal nomination was initiated after Guenther Walcher and Dr Peter Maser had resigned from the supervisory board in January 2017. Guenther Walcher had been a member of the board since 2013 and held a minority stake in DEMIRE until end of 2016. He closely supported the company till the completion of its strategic refocusing in the prior year. Dr Peter Maser was appointed to the supervisory board in 2015 and was a highly appreciated counsellor of the group, given his long-term transaction expertise. For the time being, the two new supervisory board members Frank Hoelzle and Dr Thomas Wetzel hold temporary mandates until the next ordinary annual meeting on 29 June 2017. DEMIRE intends to propose to the shareholders' meeting an extension of the mandates until June 2021. Frank Hoelzle is a certified economist and CEO of Care4 AG, Basel. In addition to managing its own investments, Care4AG is the management company of Wecken & Cie., which holds a 26.53 % strategic stake in DEMIRE and is the company's largest single shareholder. Mr. Hoelzle is a highly experienced executive in investment management and member of several advisory and supervisory boards. His many years of experience in the real estate sector and as a member of control committees make him an acknowledged expert for the supervisory board of DEMIRE. Dr Thomas Wetzel brings vast and long-time experience in the property sector which is relevant for DEMIRE. Being an attorney at law, specialised in real estate law and contract law, he has gained in-depth industry expertise. Prior to being active as a lawyer, he was responsible for property development in Germany at Intershop Holding AG, Zuerich, until 1997, in his most recent position as Vice Chairman of the Board of Directors. From 1999 to 2016 he acted as Vice President of Swiss Prime Site AG, Olten, the largest stock-listed Swiss real estate company. From 2006 until 2016 he was Chairman of the Investment Committee of the AFIAA Foundation for International Real Estate Investments. AFIAA is an investment vehicle of the Swiss pension fund used for direct international real estate investments, among other countries also in Germany. The executive and supervisory boards of DEMIRE look forward to working together with Mr. Hoelzle and Dr Wetzel. The Management Contact information DEMIRE Deutsche Mittelstand Real Estate AG Robert-Bosch-Straße 11 D-63225 Langen Phone: +49 (0) 6103 - 372 49 - 0 Fax: +49 (0) 6103 - 372 49 - 11 [email protected] www.demire.ag _______________________________________ About DEMIRE - First in secondary locations DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate holdings in mid-sized cities and up and coming areas bordering German metropolitan areas. As at September 30, 2016, DEMIRE held real estate with a market value of EUR 985 million. As at the reporting date, annual contractual rents had been firmly agreed upon in the amount of EUR 75.5 million for an average term of 5.2 years. DEMIRE aims to maintain its corporate organisation as lean as possible, although it still believes that economies of scale and portfolio optimisation are best achieved by having its own in-house asset, property and facility management. This safeguards the Company's business expertise and, equally important, allows the Company to maintain direct contact with the customer. DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Prime Standard segment of the Deutsche Börse in Frankfurt. --------------------------------------------------------------------------- 16.02.2017 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: DEMIRE Deutsche Mittelstand Real Estate AG Robert-Bosch-Straße 11 im 'the eleven' 63225 Langen (Hessen) Germany Phone: +49 6103 37249-0 Fax: +49 6103 37249-11 E-mail: [email protected] Internet: www.demire.ag ISIN: DE000A0XFSF0 WKN: A0XFSF Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 545017 16.02.2017