Phoenix Spree D Regulatory News (PSDL)

Phoenix Spree Deutschland Limited

("PSD" or the "Company")

Board Appointment

13 August 2020

The Board of Directors of Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in Berlin residential real estate, is pleased to announce the appointment of Antonia Burgess as a non-executive Director of the Company with effect from 12 August 2020.

Antonia has over 25 years' experience working in the legal and financial services sectors. She is a Jersey resident independent non-executive director with considerable experience working with leading institutional real estate fund managers and investment companies and has an in-depth understanding of real estate investment transactions and structuring,

Antonia qualified as a solicitor in England and Wales in 1995. Prior to relocating to Jersey where she led Mourant's European real estate fund administration business (subsequently acquired by State Street), she was a real estate lawyer at Hogan Lovells in London. She holds a number of non-executive roles, including with Oxford Properties and also in fund entities managed by CBRE Global Investors. She is regulated by the Jersey Financial Services Commission and is a member of the Institute of Directors.

Robert Hingley, Chairman, commented:

"We are delighted to welcome Antonia to the Board. She brings a wealth of legal and extensive transactional experience across various sectors, in particular real estate, and will add a valuable perspective to complement and enhance the skill set of the Board."

There is no information concerning Antonia which is required to be disclosed pursuant to Listing Rules 9.6.13 R (1) to (6) inclusive and the Board consider her to be independent on appointment per the AIC Code of Corporate Governance.

Legal Entity identified: 213800OR6IIJPG98AG39

For further information please contact: