PRESS RELEASE

New members on the Supervisory Board of TAG Immobilien AG; Claudia Hoyer and Martin Thiel to lead the company as Co-CEOs in future

• Eckhard Schultz appointed as new member of the Supervisory Board
• Beate Schulz and Björn Eifler newly elected as employee representatives; women's quota on Supervisory Board thus remains at 33%
• Claudia Hoyer and Martin Thiel appointed Co-CEOs; Management Board employment contract with Martin Thiel extended by another five years

Hamburg, 16 October 2023

New members on the Supervisory Board

By court order dated 9 October 2023, Eckhard Schultz was appointed as a new member of the Supervisory Board of TAG Immobilien AG (TAG). The appointment is initially valid until the next Annual General Meeting, which is scheduled for May 2024. There, Eckhard Schultz will stand for election by the shareholders.

After education as a banker and studying economics, Eckhard Schultz has been working in the finance and real estate industry for many years. After his time in the real estate division of Schörghuber Group in Munich from 2002 to 2009, he moved to LEG Immobilien SE, for which he worked for ten years as CFO and Deputy CEO and which he successfully went public in 2013. It is planned that Eckhard Schultz will chair the Audit Committee within the TAG Supervisory Board in the future.

With Beate Schulz, who works in TAG's legal department, and Björn Eifler, who works as a team leader in real estate management within the Group, two employee representatives newly elected by TAG employees will also join the Supervisory Board. This means that TAG's Supervisory Board, which continues to include Olaf Borkers, Prof. Dr. Kristin Wellner and Dr. Philipp Wagner, is once again completed. The quota of women on the Supervisory Board is thus 33%, as in the past. On the Management Board and in the first two management levels, the quota of women is already 50% and almost 60% respectively.

Olaf Borkers, Chairman of TAG's Supervisory Board: "I am very pleased that we have been able to win Eckhard Schultz over, a proven industry and capital market expert, to the Supervisory Board. His expertise and experience are of great value to us, especially in this difficult market environment. At the same time, we warmly welcome Beate Schulz and Björn Eifler as new members of the Supervisory Board, who, as employee representatives, will contribute the perspective and interests of our employees.“

Appointment of both Management Board members as Co-CEOs in addition to their continuing functions as COO and CFO

The two members of TAG's Management Board, Claudia Hoyer and Martin Thiel, have been working for the Group as Chief Operating Officer (COO) and Chief Financial Officer (CFO) respectively since 2012 and 2014 and have been leading the company as a two-member Management Board since the beginning of 2022. This continuity in the Management Board and joint responsibility is to be continued in the future. Against this background, the two Management Board members were appointed Co-CEOs by the Supervisory Board and the Management Board employment contract with Martin Thiel was extended by a further five years until 31 March 2029. Claudia Hoyer's Management Board employment contract also continues to run on a long-term basis until 30 June 2027.

"Claudia Hoyer and Martin Thiel have already made key strategic decisions together in the past, such as TAG's market entry in Poland. In this respect, their respective appointments as Co-CEOs are only logical. On the Supervisory Board, we look forward to continuing to work with the Management Board team, which has contributed a great deal to TAG's current strategic and financial position, particularly in recent months through the successful execution of our disposal program and the completed refinancing measures," adds Olaf Borkers.

Contact

TAG Immobilien AG

Dominique Mann

Head of Investor & Public Relations

Phone +49 (0) 40 380 32 305

Fax +49 (0) 40 380 32 390

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