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DGAP-News: BUWOG AG:

May 15, 2014

DGAP-News: BUWOG AG / Key word(s): AGM/EGM/Change of Personnel BUWOG AG: 15.05.2014 / 19:50 --------------------------------------------------------------------- Extraordinary General Meeting of BUWOG AG: new supervisory board elected - After the successful spin-off and listing: election of a new supervisory board by the shareholder meeting - Volker Riebel und Jutta A. Doenges newly appointed to the supervisory board, Vitus Eckert, Eduard Zehetner und Klaus Huebner re-elected - Birgit Noggler already left the supervisory board upon the spin-off - Authorisation of management board for the execution of a share-buy-back-programme - All proposals accepted by the shareholders represented Vienna - An important item on the agenda of the extraordinary general meeting of BUWOG AG was the election of a new supervisory board. During the constituting meeting of the supervisory board following the shareholder meeting Mag. Vitus Eckert was re-elected as Chairman of the Supervisory Board. Dr. Eduard Zehetner was re-elected as Deputy Chairman. Previous shareholder representative Mag. Klaus Huebner was confirmed in office. Newly elected members are real estate expert Prof. Dr. Volker Riebel and Dr. Jutta A. Doenges, who was proposed by one of BUWOG AG's shareholders. Thus, the number of members of the supervisory board was increased from previously four to five members in line with the proposal to the shareholders. The new composition of the supervisory board accounts for the change in BUWOG AG's shareholder structure following its initial listing at the stock exchanges of Frankfurt, Vienna and Warsaw and the de-domination agreement with IMMOFINANZ AG. When proposing the new shareholder representatives' professional qualification, comprehensive expertise in for BUWOG relevant sectors and a history in leadership and management were considered key attributes of the candidates. Mag. Vitus Eckert, Chairman of the Supervisory Board of BUWOG AG, expressed his gratitude to former supervisory board member Mag. Birgit Noggler, who left the supervisory board upon the spin-off of BUWOG AG from IMMOFINANZ AG and commented on the change in the board: "In the name of the supervisory board and the management board I'd like to thank Mag. Birgit Noggler for her work towards the spin-off and initial listing of BUWOG AG. At the same time I am thrilled to welcome Dr. Jutta A. Doenges und Prof. Dr. Volker Riebel, two top-ranked executives to our supervisory board. With their long-term experience in management as well as comprehensive expertise in the financial industry and the capital markets and the real estate sector respectively, they are valuable additions to the supervisory board and an excellent complement to our company." All five members of the supervisory board were appointed for the maximum legally permissible period (their term will end upon the conclusion of the shareholder meeting resolving on the discharge for the fiscal year 2018/19). Comprehensive CVs of supervisory board members (in alphabetic order): Dr. Jutta A. Doenges, graduate Industrial and Financial Engineer with long history in management and comprehensive expertise in the financial industry and capital markets from her career as Managing Director Corporate Finance Germany at SEB AB, Frankfurt and Executive Director Investment Banking Division at Goldman, Sachs & Co. oHG, Frankfurt. Mag. Vitus Eckert (Chairman of the Supervisory Board), Solicitor and Partner at Eckert Fries Prokopp Rechtsanwaelte GmbH, Vienna with broad expertise also from other mandates in supervisory board mandates in Austria, i.a. from 2008 until the registration of BUWOG AG's spin-off as member of the supervisory board of IMMOFINANZ AG. Mag. Klaus Huebner, Business Economist and licensed Tax Advisor with comprehensive expertise in accounting as Economic Mediator at the Austrian Department of Justice (BMJ), Vienna and President of the Austrian Society of Economic Custodians (ÖGWT) and the Chamber of Economic Custodians. Since 2010 until the registration of the spin-off member of the supervisory board IMMOFINANZ AG. Dr. Volker Riebel, graduate Economist with long history in leading positions in the real estate industry, previously i.a. CEO of conwert Immobilien Invest SE, GEWOBA Bauen und Wohnen AG and Deutsche Annington GmbH. Currently honorary professor at EBZ Business School, Bochum. Dr. Eduard Zehetner (Deputy Chairman of the Supervisory Board), PhD in Economic Sciences with long history in leading management positions. Since 2009 CEO of IMMOFINANZ Group and since 2013 Deputy Chairman of the Supervisory Board of BUWOG. A Picture of the new BUWOG supervisory board can be downloaded here: http://www.buwog.com/fm15968/Pressefoto_Aufsichtsrat.jpg (from left to right Volker Riebel, Klaus Huebner, Vitus Eckert, Jutta A. Doenges, Eduard Zehetner (Photo by: BUWOG/Stephan Huger)) About BUWOG GroupThe BUWOG Group is the leading German-Austrian full-service provider in the residential property sector and can look back on nearly 60 years of experience. Following the February 2014 announcement of a major acquisition in Germany, the company is now also one of the most important real estate companies on the German market. The BUWOG Group has a high-quality portfolio of approx. 54,000 apartments (roughly one-half each in Austria and Germany) and, as a developer, has been responsible for the construction of more than 35,000 apartments. For additional information please contact: INVESTOR RELATIONS Holger LÜth Head of Investor Relations & Corporate Finance BUWOG AG T +43 (0)1 87828 1203 M +43 664 609281203 holger.lueth@buwog.at MEDIA INQUIRIES GERMANY Steffi Fahjen Associate Director Strategic Communications FTI Consulting T +49 (0)69 920 37 115 M +49 (0) 171 55 65 996 Steffi.Fahjen@fticonsulting.com MEDIA INQUIRIES AUSTRIAThomas Brey LUSTIG+BREY T +43 (0) 1 233 01 23-15 M +43 676 542 39 09 brey@lustigbrey.at End of Corporate News --------------------------------------------------------------------- 15.05.2014 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: BUWOG AG Hietzinger Kai 131 1130 Wien Austria Phone: +43 1 87 8281130 Fax: +43 1 87 8285299 E-mail: investor@buwog.at Internet: www.buwog.com ISIN: AT00BUWOG001 WKN: A1XDYU Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin - Tradegate Exchange, DÜsseldorf, MÜnchen, Stuttgart; Wien (Amtlicher Handel / Official Market) End of News DGAP News-Service --------------------------------------------------------------------- 268909 15.05.2014


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