Vienna, 27 March 2018

BUWOG AG: upcoming changes on the Supervisory Board in connection with Vonovia SE's successful takeover offer

BUWOG AG Supervisory Board Chairman Vitus Eckert and Supervisory Board members Dr. Jutta A. Dönges, Stavros Efremidis, Caroline Mocker and Dr. Volker Riebel announced their resignations to the company, effective at the end of the Extraordinary General Meeting of BUWOG AG on 4 May 2018.

The Supervisory Board of BUWOG AG resolved at the same time to propose the following candidates for election to the new Supervisory Board of BUWOG AG at the Extraordinary General Meeting on 4 May 2018:
 

- Rolf Buch, CEO of Vonovia SE

- Dr. A. Stefan Kirsten, CFO of Vonovia SE

- Helene von Roeder, designated member of the Management Board of Vonovia SE

- Dr. Fabian Heß, General Counsel of Vonovia SE

- Sabine Gleiß, Head of Human Resources at Vonovia SE
 

This proposal is in proportion with the current shareholder base of BUWOG AG. At the end of the first offer period of Vonovia SE's offer for takeover, 73.8% of the BUWOG shareholders accepted Vonovia's offer. Klaus Hübner will remain on the Supervisory Board of BUWOG AG as a representative of the existing shareholders.

The Extraordinary General Meeting of BUWOG AG will be convened in due course in the Wiener Zeitung and on the company's website www.buwog.com.

About the BUWOG Group

The BUWOG Group is the leading German-Austrian full-service provider in the residential property business and now looks back on 66 years of expertise. Its property portfolio encompasses approx. 49,000 units and is located in Germany and Austria. In addition to Asset Management, the entire value chain of the residential sector is covered by Property Sales and Property Development. The shares of BUWOG AG have been listed on the stock exchanges in Frankfurt am Main, Vienna (ATX) and Warsaw since the end of April 2014.

For requests, please contact:

INVESTOR RELATIONS

Holger Lueth
BUWOG AG
Email: investor@buwog.com
Phone: +43-1-878 28 1203

Jan-Hauke Jendrny
BUWOG AG
Email: investor@buwog.com
Phone: +49-30-338539 1873

MEDIA AUSTRIA

Michael Lippitsch
BUWOG AG
Email: communications@buwog.com
Phone: +43- 664 60928 1710

Thomas Brey
M&B PR, Marketing, Publications
Email: brey@mb-pr.at
Phone: +43-1-233 01 23-15


MEDIA GERMANY

Michael Divé
BUWOG AG
Email: michael.dive@buwog.com
Phone: +49-1590-4621 993