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 programm 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. "Mr Walcher closely accompanied our Company's repositioning and, as an important partner and advisor, strongly influenced the Company in all aspects. Dr Maser contributed to the Company's strong growth through his many years of transaction experience and was a valuable advisor to the Executive Board at all times. We are very grateful to both of these former Supervisory Board members for these contributions. Now, with Wecken & Cie., we have a professional and very successful name as our largest shareholder. The team led by Mr Wecken has already proven in many of their investments that they can realise potential and create value through forward-looking thinking. We look forward to a stronger cooperation and are pleased to have not only a stable but also supportive shareholder structure," commented Prof Andreas Steyer, CEO of DEMIRE. The Management Board 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 consisting of 178 properties with a market value of EUR 981 million. As at the reporting date, contractual rents had been firmly agreed upon in the amount of EUR 74.4 million (at an occupancy rate of 87.3 % of the potential rents of EUR 85.2 million) for a 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. --------------------------------------------------------------------------- 20.01.2017 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 --------------------------------------------------------------------------- 538039 20.01.2017