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Deutsche Wohnen AG / Change of Personnel Release 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. ---------------------------------------------------------------------- Michael Neubürger resigned his position as member of the Management Board, this with immediate effect. The labour contract was anuled by mutual agreement. Since 2001 Michael Neubürger was responsible for the finance and the residential privatizazion of Deutsche Wohnen AG. The Supervisory Board thanks Michael Neubürger for his longtime activities for Deutsche Wohnen AG. Today the Supervisory Board of Deutsche Wohnen AG appointed Dr. Michael Gellen to a member of the Management Board of Deutsche Wohnen AG, this with immediate effect and for a transition time. From January 2002 up to August 2006 Dr. Michael Gellen was already member of the Supervisory Board of Deutsche Wohnen AG. Hubert Bonn Head of Investor & Public Relations Phone: ++49 6131 6397 116 email: hubert.bonn@deuwo.com DGAP 20.04.2007 ---------------------------------------------------------------------- Language: English Issuer: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt am Main Deutschland Phone: +49 (0)6131-6397-116 Fax: +49 (0)6131-6397-199 E-mail: hubert.bonn@deuwo.com www: www.deutsche-wohnen.de ISIN: DE000A0HN5C6, DE0006283302 WKN: A0HN5C, 628330 Indices: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------