Adler Group S.A.: Chairman of the Board of Directors Stefan Kirsten resigns
from office for health reasons

EQS-News: Adler Group S.A. / Key word(s): Personnel
Adler Group S.A.: Chairman of the Board of Directors Stefan Kirsten resigns
from office for health reasons

19.02.2024 / 08:31 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

Adler Group S.A.: Chairman of the Board of Directors Stefan Kirsten resigns
from office for health reasons

* Prof Dr A. Stefan Kirsten: Adler Group is stabilised and can determine its
own future, albeit in an extremely difficult market environment. But the
path to the future will be a challenging one that requires the full
commitment of the management and the Board, which I can no longer provide if
I don't want to jeopardise my health in the long term.

* New Chairman Stefan Brendgen: Due to Stefan Kirsten's tireless efforts,
Adler Group could be stabilised over the last years. All stakeholders owe
him a great deal. Even though we would have liked to keep Stefan on board,
health comes first.

* CEO Thierry Beaudemoulin: Stefan Kirsten has reorganised Adler Group,
implemented modern structures to senior management and set up an expert team
of auditors under his leadership. Stefan deserves our sincere gratitude for
this, as I personally thank him for the trust he has placed in us. Now it is
up to us and the new Chairman Stefan Brendgen to continue along the path we
have taken.

Luxembourg 19 February 2024 - Prof Dr A. Stefan Kirsten resigns from his
office as Chairman of the Board of Directors of Adler Group S.A. with
immediate effect for health reasons and is leaving the Board. This was
announced by the company following an extraordinary meeting of the Board of
Directors. Stefan Brendgen, member of the Board, will assume the office of
Chairman of the Board of Directors with immediate effect.

"The decision to step down was anything but easy for me, as I have worked
with a great deal of commitment and personal effort over the past two years
to preserve Adler Group. Adler is stabilised and can determine its own
future, albeit in an extremely difficult market environment," says Stefan
Kirsten.

Kirsten continues: "But this path into the future will be a challenging one,
which my doctors have advised me not to take if I don't want to jeopardise
my health in the long term. And the current market situation will require
the full commitment of management and the Board for some time to come, which
I can no longer provide."

Regarding the Board of Directors, the outgoing Chairman says: "The Board of
Directors has recently been reorganised, as has senior management.
Governance has also been aligned with current standards. The fact that
Stefan Brendgen is taking over my position makes my decision to step down
easier. I wish him and the entire Board well and fortune for the future of
Adler."

Adler Group plans to appoint two new members to the Board of Directors at
the forthcoming AGM: A successor for Stefan Kirsten and one for Thomas
Zinnöcker, who will then leave as planned. Dr Heiner Arnoldi, Stefan
Brendgen and Thilo Schmid as well as CEO Thierry Beaudemoulin and CFO Thomas
Echelmeyer are currently represented on the Board. Dr Arnoldi, Mr Brendgen
and Mr Echelmeyer were newly appointed to the Adler Group Board in June
2023.

The new Chairman of the Board of Directors Stefan Brendgen comments on the
change in chairmanship: "Adler Group is on its way to a new normality, but
in a difficult market environment. Due to Stefan Kirsten's tireless efforts
over the past years, Adler could be stabilised. The company and all
stakeholders owe him a great deal. Even though we would have liked to keep
Stefan on board, health comes first."

Thierry Beaudemoulin, who heads the senior management team as CEO, adds:
"Stefan Kirsten has reorganised Adler Group and given senior management
modern structures. We have clear governance guidelines, good compliance
structures and, under his leadership, an expert team of auditors. He
deserves our sincere gratitude for this, as I personally thank him for his
trust. Now it is up to us and the new Chairman Stefan Brendgen to
consistently continue the path we have taken."

Prof Dr A. Stefan Kirsten was co-opted onto the Adler Group Board on 16
February 2022 and elected Chairman by the Board. At the Annual General
Meeting on 29 June 2022, he was elected to the Board by the shareholders for
the term of office from 2022 to 2025. During his term of office, which is
now ending prematurely, Adler Group has massively reduced its risks, shed
its project business, and scaled back its portfolio.

Adler Group invites financial analysts and investors to a conference call at
2.00 pm CET today. The call will be hosted by Stefan Kirsten and Thierry
Beaudemoulin. Participants may pre-register and will receive dedicated
dial-in details to access the call easily and quickly:
https://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=7320170&linkSecurityString=f50bc9cc4

Contact

Investor Relations:

T +352 203 342 10

E investorrelations@adler-group.com


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19.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Adler Group S.A.
                   55 Allée Scheffer
                   2520 Luxembourg
                   Luxemburg
   Phone:          +352 278 456 710
   Fax:            +352 203 015 00
   E-mail:         investorrelations@adler-group.com
   Internet:       www.adler-group.com
   ISIN:           LU1250154413
   WKN:            A14U78
   Indices:        FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT
                   Developed Europe Index, FTSE EPRA/NAREIT Germany Index
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate
                   Exchange; London, Luxembourg Stock Exchange, SIX
   EQS News ID:    1839497

End of News EQS News Service
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1839497 19.02.2024 CET/CEST