Change in the Management Board of Deutsche Konsum REIT-AG

Press Release

Change in the Management Board of Deutsche Konsum REIT-AG

Potsdam, 3 February 2025 – The Supervisory Board of Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has appointed Lars Wittan as a new member of the Management Board. Since 1 February 2025, he has been responsible for operations and transactions, taking over from Alexander Kroth, who resigned from his position as a member of the Management Board on 31 January 2025.

Lars Wittan, born in 1977, has a long career in the real estate sector. He spent twelve years in different management positions at Deutsche Wohnen SE, where he played a key role in numerous capital market and financing measures, portfolio acquisitions, and asset and share deal transactions. During this time, he held the positions of COO, CIO, and CFO. Most recently, Lars Wittan was CIO at Obotritia Capital KGaA, where he was responsible for the directly held real estate portfolio. He is also Chairman of the Supervisory Board of Quarterback Immobilien AG.

The Supervisory Board is pleased to have gained an accomplished and profound real estate expert in Lars Wittan.

At the same time, Alexander Kroth has resigned as a member of the Management Board as of 31 January 2025. In order to pursue new challenges, Mr Kroth has asked the Supervisory Board to release him from his duties and has resigned from his position as a member of the Management Board in agreement with the Supervisory Board. The company regrets the departure of Mr Kroth, thanking him for his outstanding commitment to the company and his valuable contribution to its success.

About Deutsche Konsum

Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company with a focus on German retail properties for everyday goods at established micro-locations. The focus of the Company's activities is on the acquisition, management and development of local supply properties with the aim of continuous performance and the leveraging of hidden reserves.

The shares of the Company are listed on the Prime Standard of the Deutsche Börse (ISIN: DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.