Former Head of Purchasing of TAG to Boost Portfolio Build-up at Estavis

Berlin, 2 May 2012 - The Supervisory Board of Estavis AG has just appointed Andreas Lewandowski (49) as member of the company's Executive Board as at 2 May 2012. This brings the Board back up to the strength of two members. Jacopo Mingazzini will remain in charge of the area of retail trading and privatisations.

Lewandowski will assume responsibility for the company's continued portfolio build-up. In his most recent position as Head of Transaction at TAG Group, he facilitated the expansion of the residential real estate portfolio from approximately 900 million Euros up to more than 3 billion Euros.

Information and Elaboration by the Issuing House on this Ad-hoc Release:
With Lewandowski's appointment to the Board, the Board's spheres of ownership now mirror the increased significance of regular income from proprietary portfolios.

Dr. Karl-Josef Stöhr, Chairman of the Supervisory Board of Estavis AG, believes that the recruitment of this new senior executive has strengthened the business model of Estavis: "In recent years, Andreas Lewandowski has proven that he has an eye for interesting investment assets, and that he is capable of setting up highly profitable portfolios. The underlying philosophy of generating positive cash-flow from income-driven locations right from the start perfectly complements our plans to base our business models on two mainstays." It is against this background that Estavis AG considers the currently low interest level as positive for the company's future growth. The bright outlook is further boosted by the fact that German banks remain willing to provide funding. "All things considered, we are looking at an environment that permits us to buy up residential real estate at attractive yield rates, and thus to build up a highly profitable company," Stöhr went on to say.

Lewandowski, who holds a degree in mathematics, has been active in the real estate business for nearly twenty years. His career path has included sales duties as well as the organisation of efficient structures in real estate administration, both in executive board and in senior management positions. Most recently, he facilitated the expansion of the residential real estate portfolio from approximately 900 million Euros up to more than 3 billion Euros as Head of Transaction at TAG Group.

About ESTAVIS
ESTAVIS AG is a listed property company focusing on residential properties. Through its purchasing network, which extends throughout Germany, ESTAVIS AG identifies property portfolios with great value-added potential, and uses its management expertise to harness this potential efficiently. The company's selling power results from its strong own sales network, supplemented by the acquisition of the sales company Accentro GmbH. On top of that, the company maintains a proprietary real estate portfolio that generates a regular cash-flow.
ESTAVIS AG is headquartered in Berlin and is listed on the Prime Standard of the Frankfurt Stock Exchange (German Securities Code Number [WKN]: A0KFKB).

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