Fair Value REIT-AG announced the declarations with statutory term of Dr. Oscar Kienzle and Prof. Dr. Heinz Rehkugler that on the back of the change in the shareholder structure of the company they will step down from their positions as members of the Supervisory Board by the end of February 2016. On January 20, 2016, the company will request the Munich Local Court (registration court) to appoint Prof. Andreas Steyer and Mr. Markus Drews as members of the Supervisory Board as of March 1, 2016. Both Prof. Steyer and Mr. Drews are Management Board Members of DEMIRE Deutsche Mittelstand Real Estate AG.