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Deutsche Wohnen AG / Key word(s): Change of Personnel 05.07.2011 / 10:58 Frankfurt/Main and Berlin, 5 July 2011. In the course of today's meeting of the Supervisory Board of Deutsche Wohnen AG Mr Uwe E. Flach was elected as the board's new Chairman. Mr Flach has been a member of the Supervisory Board of the MDAX-listed residential property company since January 2008. Uwe E. Flach: 'With its highly qualified management team and its excellent image in the residential property sector Deutsche Wohnen AG rests on solid foundations. I am in a very good position to judge the strategy and the goals which define the management direction of Deutsche Wohnen. I find both convincing and, for this reason, was happy to agree to become Chairman of the Supervisory Board. In my new role I will continue to give the Management Board my fullest support in their efforts to achieve growth.' Mr Uwe E. Flach was born in 1943. Following a banking apprenticeship and a degree in Business Administration he embarked on a career in investment banking. After spending six years abroad with an American investment bank in New York, Paris and London he became senior manager with responsibility for consortium banking, capital markets and corporate finance at the DG Bank AG in Frankfurt in 1977. In 1989 he became a deputy member of the Management Board, and in 1991 a full board member with responsibility for investment banking. At the DG Bank's successor bank, the DZ Bank AG, he was the Deputy Chief Executive Officer from 2001 to 2003. Since 2004 he has been an adviser to Oaktree in Germany. Michael Zahn, CEO of Deutsche Wohnen AG: 'The new Chairman of the Supervisory Board already knows our company very well. Mr Flach has always provided us with his advice and support on all fundamental strategic issues. He will bring his considerable expert knowledge and life experience to bear during his term of office as Chairman of the Supervisory Board. We are looking forward to working with him.' Deutsche Wohnen Deutsche Wohnen is Germany's second-largest listed residential property company with a business focus on managing and developing its residential property portfolio. The portfolio comprises 47,536 units in total, of which 47,095 are residential units and 441 are commercial properties. The Company has 81.84 million shares listed in the Deutsche Börse's MDAX and is also included in the leading indices EPRA/NAREIT and GPR 250. Contact: +49 (0)30 / 89786 - 551 End of Corporate News --------------------------------------------------------------------- 05.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt Deutschland Phone: +49 (0)30 89786-0 Fax: +49 (0)30 89786-507 E-mail: ir@deutsche-wohnen.com Internet: http://www.deutsche-wohnen.com ISIN: DE000A0HN5C6, DE0006283302 WKN: A0HN5C, 628330 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 130867 05.07.2011