DGAP-News: Ernst Russ AG

Member of the Executive Board David Landgrebe leaves Ernst Russ AG by mutual agreement

- Takes his leave after the restructuring and successful repositioning of Ernst Russ AG

- The Supervisory Board thanks David Landgrebe for his successful work

Hamburg, 26 September 2017: David Landgrebe - who has been a member of the Executive Board of Ernst Russ AG, a maritime asset and investment manager, since June 2013 - will leave the company by mutual agreement on 31 October 2017 to devote himself to new tasks.

David Landgrebe joined Ernst Russ AG in June 2013 after positions as Restructuring Director and Authorised Representative at HSH Nordbank AG and as Director of Investment and Group Development at Peter Döhle Schiffahrts-KG. At this point, he was responsible for the departments' corporate development, HR and IT, among other things, including the investment and asset management of various asset classes.

In this position, he significantly helped shape Ernst Russ AG into an asset and investment manager with a focus on the maritime sector. In this way, he contributed greatly to the company's positive economic development. The company will now be led by the Executive Board members Jens Mahnke and Ingo Kuhlmann.

David Landgrebe: "I'm thrilled to have contributed to building a completely new organisational structure and a stable company through my four years of intense and successful work here. This development is still ongoing but what we have achieved represents a substantial and structurally solid base for further growth. In mutual understanding with my colleagues on the Executive Board and the Supervisory Board, I will turn towards new endeavours at the end of 2017 but will, however, continue to function in an advisory capacity for Ernst Russ AG."

In the name of his Executive Board colleagues and all employees of Ernst Russ AG, the Supervisory Board thanks David Landgrebe for his dedication. "Since 2013, David Landgrebe has provided a significant contribution to the restructuring and successful business repositioning of Ernst Russ AG. The Supervisory Board thanks David Landgrebe for his extraordinary efforts and trustworthy cooperation," says Alexander Stuhlmann, Chairman of the Supervisory Board, Ernst Russ AG.

About the Ernst Russ Group: The Ernst Russ Group is a publicly listed asset and investment manager with a focus on the maritime sector. It has a fleet of some 150 container, tanker and bulker vessels, which it manages actively or which are managed as fund ships by shipping partners. Its asset management portfolio comprises real estate, renewable energy and private equity assets, among others. The business of the Ernst Russ Group also includes fiduciary services and the structuring and management of alternative investment funds (AIFs). The companies in the Ernst Russ Group currently manage investments of approx. EUR 6.5 billion, in around 200 funds, primarily in the shipping, real estate and renewable energy sectors. The company has offices in Hamburg, Bremen, Düsseldorf and London. www.ernst-russ.de