The Supervisory Board of DIC Asset AG has decided to appoint Sonja Wärntges as the Company's Chief Executive Officer (CEO). She will assume her new role on 1 October 2017, succeeding Aydin Karaduman, who will resign from his position on the Management Board at the end of 30 September 2017. Wärntges has been serving as CFO of DIC Asset AG since 1 June 2013 and will continue to oversee Finance & Controlling, in addition to leading the company as CEO.

The Supervisory Board also announced the appointment of Dirk Hasselbring, currently Managing Director of DIC Asset AG's operative investment fund management arm DIC Fund Balance GmbH, to the Management Board, where he will assume responsibility for the newly formed Funds Business function. The term of office for Management Board member Johannes von Mutius has been extended. Mr. von Mutius will continue to oversee the Investment Business until 31 December 2020.

Sonja is a strong leader and manager with a long executive track record in renowned organisations. She has many years of experience in the real estate industry and is a member of the Executive Committee of the German Property Federation (ZIA). Dirk Hasselbring held various executive roles in the real estate and funds businesses before joining DIC Asset AG in June 2017.

These included the positions of Management Board member at Deutsche EuroShop AG and Chairman of the Management Board of Hamburg Trust. Johannes von Mutius is a highly esteemed expert in the field of real estate with ample leadership experience in the sector. He joined the Management Board of DIC Asset AG in April 2014.