The Unibail-Rodamco SE Supervisory Board announced the election of Robert ter Haar as its new Chairman replacing Robert van Oordt. This decision will take effect upon the close of the General Meeting on April 26, 2012 when Mr. van Oordt will retire in accordance with the company's statutory age considerations. Robert ter Haar will also replace Robert van Oordt as Chairman of the Governance, Nomination and Remuneration Committee. Mr. ter Haar has been a member of the Unibail-Rodamco SE Supervisory Board since 2007 and was a member of the Rodamco Europe N.V. Supervisory Board from 2004 until the merger between Rodamco Europe and Unibail.