Phoenix Spree D Regulatory News (PSDL)

17 April 2018

Phoenix Spree Deutschland Ltd (The "Company" or "PSDL")

Directorate Change

Phoenix Spree Deutschland (LSE: PSDL.LN), the UK listed investment company specialising in German residential real estate, today announces the appointment of Monique O'Keefe as an independent Non-Executive Director of the Company, with effect from 17 April 2018.

Monique has over 20 years' financial services and legal experience. She currently holds directorships at a number of companies, including Kairos Wealth Limited, an investment and business consultancy based in Jersey that she co-founded, Board Apprentice Global Limited, a global non-profit company improving diversity in Board appointments, and Actera Group Limited. Between 2016 and 2017 Monique acted as Board Observer at Kennedy Wilson Real Estate (Europe) Limited.

Monique was previously an investment banker at Goldman Sachs and Merrill Lynch and a structured finance lawyer at Clifford Chance and Minter Ellison. Monique is regulated by the Jersey Financial Services Commission to act as a company director.

At the same time, Richard Prosser, who has served on the Board since the Company's inception in 2007, and Andrew Weaver, who has served on the board since 2012, will step down as a Non-Executive Directors.

Robert Hingley, Chairman, commented:

"I am delighted to welcome Monique to the Board. Her extensive experience across the corporate, institutional and advisory worlds will be of great value to the Company. Monique's appointment also further strengthens the Board's independence, following the recent additions of Charlotte Valeur and Jonathan Thompson as independent Non-Executive Directors. We thank Richard and Andrew for their invaluable contribution to the Company during a period of considerable growth and its transition to a listed company on the Main Market of the London Stock Exchange in 2015."

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