DGAP-Adhoc: Colonia Real Estate AG: Rolf Elgeti and Hans-Ulrich Sutter appointed as Management Board members of Colonia Real Estate AG - TAG Immobilien AG holds more than 50% of the voting rights


Colonia Real Estate AG  / Key word(s): Change of Personnel

15.02.2011 17:27

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Rolf Elgeti and Hans-Ulrich Sutter appointed as Management Board members of
Colonia Real Estate AG - TAG Immobilien AG holds more than 50% of the
voting rights

Cologne, February 15, 2011. The Supervisory Board of Colonia Real Estate
AG, Cologne, (ISIN DE0006338007) (also referred to as Colonia in the
following) has appointed Rolf Elgeti and Hans-Ulrich Sutter with immediate
effect as ordinary members of the Management Board of Colonia. Both new
Management Board members accepted their appointment today.

Rolf Elgeti is CEO of new major shareholder TAG Immobilien AG (also
referred to as TAG in the following). Previously he worked for many years
as an analyst and equities strategist in the UK and has outstanding capital
market expertise. Hans-Ulrich Sutter is CFO of TAG and works since many
years in the real estate sector in Germany.

The new composition of the Management Board therefore takes into account
the commitment of TAG as a new major shareholder of Colonia. With
notification of voting rights of February 15, 2011 TAG has informed Colonia
that TAGs voting rights on Colonia amounts 50.02%.

As written in the Joint Opinion of the Management Board and the Supervisory
Board of Colonia regarding the voluntary offer document of TAG from January
3, 2011, the Convertible Bond 2006/2011 (ISIN DE000A0LDSA1) and the
Convertible Bond 2010/2015 (ISIN DE000A1EMFA2) contain an extraordinary
termination right of the creditors in case of a change of control at
Colonia. Since the voting rights of TAG exceeded the 50% limit of Colonia
voting rights, a change of control regarding the issue terms of both
Convertible Bonds is given. Colonia will inform the convertible bond
creditors promptly and in accordance with the terms of issue about all
necessary information to exercise their rights.

The Management Board
Cologne, February 15, 2011

Colonia Real Estate AG
Zeppelinstraße 4-8
D-50667 Cologne
Germany

Admission for trading: Regulated Market of the Frankfurt Stock Exchange
(Prime Standard)
ISIN: DE0006338007
Securities Code Number: 633800 

About Colonia Real Estate AG 

Colonia Real Estate AG is one of the leading listed real estate investment
and management groups in Germany with round about 19,000 residential units
and EUR 2.1 bn Assets under Management.
The Colonia business model is based on two columns. The investment segment
concentrates on high-yield residential property portfolios held for the
company's account and co-investments in commercial and residential
properties together with institutional partners. Second column of the
Colonia business model is the service segment. Here Colonia Real Estate
Solutions GmbH provides all services along the life cycle of a property in
a modular manner.

Contact
Claudia Kellert
Head of Investor Relations & Communication
Zeppelinstraße 4-8, 50667 Cologne, Germany
Tel +49. (0)221. 71 60 71-0, Fax +49. (0)221. 71 60 71-99
ir@colonia.ag



Contact:
Claudia Kellert
Head of Investor Relations and Communication

Colonia Real Estate AG
Zeppelinstr. 4-8
50667 Cologne, Germany

Phone +49 (0)221 71 60 71 0
Fax +49 (0) 221 71 60 71 99
E-Mail: ir@colonia.ag

edicto GmbH
Axel Mühlhaus
Phone +49 (0)69 90 55 05 52
E-Mail: amuehlhaus@edicto.de




15.02.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Colonia Real Estate AG
              Zeppelinstr. 4 - 8
              50667 Köln
              Deutschland
Phone:        +49 221-716071-0
Fax:          +49 221-716071-99
E-mail:       ir@colonia.ag
Internet:     www.colonia.ag
ISIN:         DE0006338007
WKN:          633800
Indices:      SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/
              NAREIT, E&G DIMAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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