LEG Immobilien : Susanne Schröter-Crossan to become new CFO of LEG Immobilien AG

• Financial expert with extensive capital market experience to assume position
• Appointment effective 1 July 2020

Susanne Schröter-Crossan will become the new Chief Financial Officer of LEG Immobilien AG effective 1 July 2020. The company's Supervisory Board confirmed this in its latest meeting. Lars von Lackum has been serving as its acting CFO since September 2019 in addition to his duties as CEO of LEG Immobilien AG.

Schröter-Crossan (40), a business graduate, is currently the Managing Director and Head of Equity Capital Markets for Germany, Austria and Switzerland at Deutsche Bank AG. There, she has held various international positions in the UK and Hong Kong over the past nine years. She previously worked on various markets for Morgan Stanley. Schröter-Crossan has broad capital market expertise and comprehensive experience in both the equity and debt capital sectors.

'The Supervisory Board is delighted to be welcoming Susanne Schröter-Crossan, a proven and internationally experienced financial expert, as the new CFO of LEG Immobilien AG. She has emerged successful from an intensive, wide-ranging selection process,' said Michael Zimmer, Chairman of the Supervisory Board of LEG Immobilien AG. 'In addition to her many years of experience dealing with listed companies and the special challenges entailed by their corporate governance, we were swayed by her analytical and communication skills.'

Susanne Schröter-Crossan will complete LEG Immobilien AG's three-person Management Board again. The share of female managers at LEG will be around 30% after Schröter-Crossan joins the Management Board.

'I am very much looking forward to having Susanne Schröter-Crossan complete our Management Board team in the summer. Each of us contributes different skills and a wealth of business experience. I am confident that we are excellently equipped to keep moving LEG forwards together with our employees,' said von Lackum.

About LEG

With around 136,000 rental properties and more than 365,000 residents, LEG is one of Germany's leading listed housing companies. The company has eight branch offices in North Rhine-Westphalia, providing personal local contact. LEG generated income of around EUR 767 million from its core rental and lease business in the 2018 financial year. As part of the new construction campaign it launched in 2018, LEG wishes to make a social contribution towards creating both privately financed and publicly subsidised housing, and to build or acquire at least 500 new apartments per year from 2023 onwards.

Investor Relations contact: Frank Kopfinger

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e-mail: frank.kopfinger[at]­leg.ag

Press contact: Sabine Jeschke

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e-mail: sabine.jeschke[at]­leg-wohnen.de