PRESS RELEASE

Dr. Bernd Schade becomes new CDO of the Adler Group

Experienced project developer also joins the board of Consus Real Estate AG

Luxembourg/Berlin, 28^th October 2021. ADLER Group, S.A., a leading German, fully integrated residential real estate company is expanding its top management team in the area of project development. As of November 1, 2021, Dr. Bernd Schade will become Chief Development Officer (CDO) of Adler Group. He will also join Theo Gorens on the Executive Board of the Group company Consus Real Estate AG. Bernd Schade succeeds Jürgen Kutz.

As part of its strategic development, the Adler Group is focusing on residential properties in the top 7 cities in Germany. This includes the development of high-quality properties that will be transferred to the portfolio after completion (build-to-hold).

"We are very pleased to have Bernd Schade, a renowned and experienced project developer, with Adler Group. With his expertise and proven management skills, he will make a significant contribution to successfully advancing the Group's projects," says Thierry Beaudemoulin, Co-CEO of the Adler Group. "We would like to express our sincere thanks to Jürgen Kutz for many years of successful work, especially for Consus and since the merger for the Adler Group."

Bernd Schade has decades of experience in project development and project management of real estate projects throughout Germany. Most recently, he was member of the Management Board of Bauwert AG, where he was primarily responsible for commercial real estate project development and investment. Prior to that, he held management positions at Union Investment and was a member of the management board and responsible for the Real Estate division at Breuninger.