DGAP-News: ORCO Germany S.A.: Rainer Bormann leaves company


DGAP-News: ORCO Germany S.A. / Key word(s): Change of Personnel
ORCO Germany S.A.: Rainer Bormann leaves company

01.02.2011 / 18:03

---------------------------------------------------------------------

Rainer Bormann, the former CEO of ORCO Germany S.A., has withdrawn from his
position as member of the board of ORCO Germany as well as from all his
mandates as Managing Director of ORCO's subsidiaries. He will be leaving
the company on February 1st, 2011.

'We appreciate the drive and contribution of Mr. Bormann to the creation
and development of ORCO Germany and we do thank him for his commitment',
said Jean-François Ott, CEO of ORCO Germany S.A. 'We wish him well in his
future endeavors'.

This announcement follows Rainer Bormann's decision not to renew his
contract and the subsequent appointment in November 2010 of Mr.
Jean-Francois Ott and Mr. Nicolas Tommasini as CEO and Deputy CEO of ORCO
Germany S.A. and Mr. Brad Taylor as Director of Corporate and Legal
Affairs.

About 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 as well as on
asset management 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 Euronext, Prague, Budapest and Warsaw
Stock Exchange listings.

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


End of Corporate News

---------------------------------------------------------------------

01.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English                                           
Company:     ORCO Germany S.A.                                 
             40, Parc d'Activités Capellen                     
             8308 Capellen                                     
             Großherzogtum Luxemburg                           
Phone:       +49 (0)30 390 93 116                              
Fax:         +49 (0)30 390 93 199                              
E-mail:      patricia.jaenisch@orco-gsg.de                     
Internet:    www.orcogermany.de                                
ISIN:        LU0251710041                                      
WKN:         A0JL4D                                            
Listed:      Regulierter Markt in Frankfurt (Prime Standard);  
             Freiverkehr in Düsseldorf, Stuttgart              
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
110798 01.02.2011