Varengold Bank AG / Key word(s): Change of Personnel/Miscellaneous 16.07.2015 13:47 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, 16 July 2015 - The CEO of Varengold Bank AG, Yasin Sebastian Qureshi, and two of the executive board members, Mohammad Hans Dastmaltchi and Steffen Fix, will be leaving the executive board of Varengold Bank AG in agreement with the bank as of 31 July 2015. Mr Qureshi and Mr Fix founded Varengold Bank together in 1995 and continuously developed the company shortly after together with Mr Dastmaltchi, forming the current bank providing a full range of banking services. The supervisory board thanks Mr Qureshi, Mr Dastmaltchi and Mr Fix for their long-standing and thoroughly successful service. What's more, with Mr RA Hans J.M. Manteuffel, Prof. Peter Andree and StB Willi Müller, all members of the supervisory board have announced that they will be stepping down from their posts as members of the supervisory board with effect from the end of the next general meeting on 26 August 2015. The company thanks Mr Manteuffel, Prof. Andree and Mr Müller for their services as the supervisory body at Varengold Bank AG. During the time the resigning executive board and supervisory board members were in office, crucial decisions of major importance to the development of the bank were made. The remaining executive board members, Dr Bernhard Fuhrmann and Frank Otten, have extensive experience in national and international banking and will continue to drive forward the strategic development of the bank as a young deposit bank as before. The guiding principle of the bank continues to be based on innovation and flexibility, customer satisfaction and organisational stability in all business areas. 16.07.2015 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 ---------------------------------------------------------------------------