At the ordinary Annual General Meeting on 27 August 2021, the Supervisory Board of The Grounds Real Estate Development AG (The Grounds /ISIN: DE000A2GSVV5) will propose to the company's shareholders that Timo Tschammler be elected as a member of the Supervisory Board. Hansjörg Plaggemars, who has been a member of the Supervisory Board since 29 April 2020, had informed the company that he will step down from his Supervisory Board mandate with effect from the end of the Annual General Meeting.