DGAP-News: GSW Immobilien AG / Key word(s): Change of Personnel GSW Immobilien AG: Extraordinary meeting of the Supervisory Board / Personnel changes on the Supervisory Board and Management Board 26.06.2013 / 08:45 --------------------------------------------------------------------- Extraordinary meeting of the Supervisory Board of GSW AG: Personnel changes on the Supervisory Board and Management Board - Dr. Eckart John von Freyend is vacating his office as of 31st July - The Management Board agreement with Dr. Bernd Kottmann is dissolved by mutual agreement - Search for successors for the chairman of the Supervisory Board and Management Board with assistance from external recruiter - The Supervisory Board is engaging an independent expert to investigate the past selection process Berlin, 6/25/2013 - After the general meeting of the company held last week, the Supervisory Board of GSW Immobilien AG ('GSW AG') convened for an extraordinary meeting. At this meeting, the Chairman of the Supervisory Board, Dr. Eckart John von Freyend, announced his resignation. He is leaving the Supervisory Board of GSW AG at his own request. In the interest of continuity and in keeping with the articles of association of the company, this will take place on 31st July, 2013. Dr. Eckart John von Freyend: 'I respect the voting result of the last general meeting and, as chairman of the Supervisory Board, accept political responsibility for this. The welfare of the company is my paramount concern. I am therefore clearing the way for an orderly transition. The Supervisory Board will immediately seek a new and stabile management structure'. The search for a suitable successor for Dr. John von Freyend will take place quickly by engaging an external recruitment consultant. Apart from that, the Supervisory Board of GSW AG resolved to commission an independent legal opinion that will examine the entire preceding selection process. Today, the Supervisory Board and Dr. Kottmann mutually resolved to dissolve his Management Board agreement as of 15th July, 2013. Dr. Kottmann is released from duty with immediate effect. 'We are still convinced that in Dr. Kottmann we have found an outstanding manager to lead GSW AG. His willingness to surrender his Management Board mandate under the given circumstances deserves respect', says Dr. John von Freyend. 'On behalf of the entire Supervisory Board, I express our gratitude to Dr. Kottmann for his dedication.' The Supervisory Board will now undertake the search for Dr. Kottmann's successor, giving consideration to internal and external candidates and engaging an external recruitment consultant. Until a final decision is made, the business will be conducted by the two Management Board members Jörg Schwagenscheidt and Andreas Segal. End of Corporate News --------------------------------------------------------------------- 26.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: GSW Immobilien AG Charlottenstraße 4 10969 Berlin Germany Phone: 030 68 99 99 0 Fax: 030 68 99 99 999 E-mail: [email protected] Internet: www.gsw.de ISIN: DE000GSW1111 WKN: GSW111 Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 218120 26.06.2013