Resignation of Dr. Schede from the Board of Directors

Orco Germany S.A. (the “Company”) announces that Dr. Christian Schede resigned from the Company’s Board of Directors on 10 October 2011. Dr. Schede was elected to the Company’s Board of Directors by the Annual General Meeting held on 15 April 2011 as the nominee of MSREF V Turtle B.V. Further to the completion of the exit of MSREF V Turtle B.V. from its positions in the Company, Dr. Schede resigned. The Board of Directors and the management expressed thanks for the work Dr. Schede did for the Company.

Following said resignation, the Board of Directors of the Company comprises from the following members: Ott & Co S.A., represented by Jean-François Ott, its permanent legal representative, Nicolas Tommasini, Ales Vobruba, and Brad Taylor.

<>Über ORCO Germany
ORCO Germany S.A. is a property company that is listed in the Prime Standard on the Regulated Market at Frankfurt Stock Exchange and has its registered office in Luxembourg. The ORCO Germany Group, which acts consistently under its registered name of ORCO Germany, has been operating in Germany since 2004 and concentrates on commercial property and project development.

ORCO Germany is a subsidiary of ORCO Property Group, which is one of the leading Central European property companies. The company established in 1991 is based in Luxembourg and has listings on NYSE Euronext Paris, Prague, Budapest and Warsaw stock exchanges.

For further information please contact:

Kirchhoff Consult AG
Sebastian Bucher
Herrengraben 1
20459 Hamburg

T +49 40 60 91 86 18
F +49 40 60 91 86 60
E sebastian.bucher@kirchhoff.de

H2 Office Sky Office ORCO GSG ORCO_Property_Group