The Supervisory Board of Westdeutsche ImmobilienBank AG (WestImmo) in Mainz today appointed Claus-Jürgen Cohausz to the position of Chairman of the Managing Board. He takes up his appointment on April 27, 2012. A member of the WestImmo Managing Board since 2006, Claus-Jürgen Cohausz succeeds Dr. Peter Knopp, who will leave the Bank after the annual financial statements have been approved on April 26, 2012. The Supervisory Board expresses its gratitude to Dr. Knopp for his efforts and commitment on behalf of the Bank, in particular in connection with the complex divestiture process.

The Supervisory Board has appointed Christiane Wolff, currently Chief Risk Officer of readybank ag, to the WestImmo Managing Board. Dr. Peter Stemper is her designated successor on the Managing Board of readybank.

The transformation process is likewise leading to changes in the WestImmo Supervisory Board. Thomas Groß, CFO and CRO of WestLB, becomes Chairman of the Supervisory Board with immediate effect. He succeeds Hubert Beckmann, Vice Chairman of WestLB, who becomes Vice Chairman of the WestImmo Supervisory Board with immediate effect. Stefan Dreesbach, Head of Debt Markets at WestLB, has been appointed a new member of the Supervisory Board.

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