Zurich, 24 March 2009 – Peach Property Group AG is set to bolster its board of directors with the addition of Peter Bodmer and Christian Kühni, two proven specialists with international property market experience. The move represents an important step in the expansion of the company’s management structures to ensure the sustainable and successful development of the business.

In Peter Bodmer and Christian Kühni, two renowned property professionals are standing for election to the board of directors of Peach Property Group AG. Both are set to take their place on the board at the annual general meeting at the beginning of April 2009.

Peter E. Bodmer, 44, Swiss national
Peter Bodmer, who holds a masters degree (Lic. oec. publ.) in economics from the University of Zurich and an MBA from IMD Lausanne, is a member of Implenia’s group management team and CEO of Implenia Global Solutions. In this role he is responsible for formulating and implementing the Implenia Group’s international strategy. Implenia is Switzerland’s leading construction services provider, with annual revenues of around CHF 2.4 bn and some 5,400 employees.

Mr. Bodmer said:

“Both the Swiss and the international property markets are still not optimally covered in the area of luxury property development. Peach Property Group has demonstrated that it is a leading player in this segment. I’m therefore positive about the company’s potential and I look forward to our collaboration.”

Christian Kühni, 54, Swiss and Canadian national
Christian Kühni, who holds a Swiss Federal Diploma in Banking, is Senior Vice President and Head of Group Real Estate at the Milanbased UniCredit Group (180,000 employees, 10,200 branches, 40 million customers), where he is responsible for the Group’s global corporate real estate strategy and property operations (asset, project and facilities management). UniCredit runs a double-digit billion Swiss franc property portfolio and manages more than 10,000 Group-owned and leased properties in 22 European countries.

Mr. Kühni said:

“Peach has a very interesting business model with attractive potential in the development of exclusive residential property. I look forward to helping the company as a member of the board of directors.”

Dr. Thomas Wolfensberger, Peach Property Group CEO and board member, said:

“The expansion of the board of directors by the addition of two proven property specialists is a strategic step in the successful development of the Peach Property Group. In Mr. Bodmer and Mr. Kühni we are proud to be able to welcome onto the board of directors two leading figures who bring not only in-depth property market experience, but also extensive expertise in all areas of corporate governance.”

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