Ad hoc disclosure

Enlargement of the Executive Board

Ad-hoc announcement in accordance with Article 17 of the Market Abuse Regulation

Enlargement of the Executive Board

Berlin, 3 March 2020 (17:22 CET/CEST) – During today’s meeting, the Supervisory Board of The Grounds Real Estate Development AG (ISIN: DE000A2GSVV5) resolved an enlargement of the Executive Board. Consequently, with immediate effect, the Supervisory Board appointed Mr. Arndt Krienen, Attorney and Member of the Board of Capstone Opportunities AG, Berlin, as an additional member of the Company’s Executive Board.

Mr. Krienen is equally experienced in the capital market and real estate property market. For example, he has occupied various leading management functions in listed real estate property companies including as CEO of the ADLER Real Estate AG and CEO of Westgrund AG.

The Grounds Real Estate Development AG
Thomas Prax, Executive Board
Leipziger Platz 3, 10117 Berlin, Germany
Tel.: +49 (0) 30 2021 6866
Fax: +49 (0) 30 2021 6849

End of the ad-hoc announcement