Varengold Bank AG / Key word(s): Miscellaneous 17.12.2015 16:09 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hamburg, 17th December 2015 - Mr. Sanjay Shah has irrevocably resigned his position as a member of the Supervisory Board of Varengold Bank AG with effect from 7th December 2015. We thank Mr. Shah for his activities as Supervisory Board member. On application of the Management Board, the Local Court Hamburg appointed Dr. Karl-Heinz Lemnitzer as member of the Supervisory Board by resolution on 14th December 2015. The Supervisory Board has also today elected among its members Dr. Lemnitzer as Chairman of the Supervisory Board. His deputy is Michael Stephen Murphy. Dr. Lemnitzer studied economic sciences at the University of Giessen and began his career as an audit assistant with Treuverkehr AG in Frankfurt. In 1981 he passed the examination as a tax consultant and two years later the examination to become a certified accountant. Starting in 1987 Dr. Lemnitzer was Partner Audit Financial Services and retained this position even after the acquisition of the Treuverkehr AG by KPMG Germany in 1990. Since 2015 he is retired. We are delighted to welcome Dr. Karl-Heinz Lemnitzer with his professional expertise and specific experience in the field of German accounting regulations and the German Banking Act (KWG) in the Supervisory Board of Varengold Bank AG. 17.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Varengold Bank AG Große Elbstraße 27 22767 Hamburg Germany Phone: +49 (0)40 / 668649-0 Fax: +49 (0)40 / 668649-49 E-mail: [email protected] Internet: www.varengold.de ISIN: DE0005479307 WKN: 547930 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------