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DGAP-Ad-hoc: PATRIZIA Immobilien AG: Management Board contracts extended

PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) today announced that the Supervisory Board had prematurely extended the Management Board contracts of the CEO Wolfgang Egger and of the CIO Alfred Hoschek.

The contracts that were due to expire in November 2007 were extended by another five years until November 2012.

The extension of the Management Board contracts shows continuity in the management of the company. It also enables Wolfgang Egger, the founder and CEO of PATRIZIA Immobilien AG, to continue shaping the company’s strategy and further drive the company’s growth.

The Managing Board
Augsburg, June 6, 2007

PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg 
Germany

Listing:  Frankfurt Official Market (Prime Standard)
ISIN:  DE000PAT1AG3
SIN:  PAT1AG

Contact:
Investor Relations    
Claudia Kellert

Phone:+49 (0) 821 5 09 10-360 
Fax:+49 (0) 821 5 09 10-399 

investor.relations@patrizia.ag  

Press
Andreas Menke

Phone:+49 (0) 821 5 09 10-655
Fax:+49 (0) 821 5 09 10-695

presse@patrizia.ag

Financial News transmitted by DGAP

Language:English
Issuer:PATRIZIA Immobilien AG
 Fuggerstraße 26
 86150 Augsburg
 Germany
Phone:+49 (0)821 - 509 10-000
Fax:+49 (0)821 - 509 10-999
E-Mail:investor.relations@patrizia.ag
Internet:www.patrizia.ag
ISIN:DE000PAT1AG3
WKN:PAT1AG
Indices:SDAX
Listed:Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hamburg, Düsseldorf, Stuttgart

Ende of News - DGAP News-Service

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