Sdic Power. Regulatory News (SDIC)

29 November 2010

Speymill Deutsche Immobilien Company plc

("SDIC" or "the Company")

Appointment of Chairman

Speymill Deutsche Immobilien Company plc (AIM: SDIC), the pan-German residential property investment company listed on AIM, announces that Jim Mellon, a director and substantial shareholder of the Company, has been appointed to the role of Chairman of the SDIC board of directors (the "Board"), with immediate effect.

As set out in the Company's annual results for the year ended 30 June 2010, and as previously announced, the Company has received a number of proposals in relation to re-financing the Company and the Board believes that the appointment of Mr Mellon to the role of Chairman should expedite this process. The Board remains committed to concluding a restructuring of its debt facilities, to the benefit of all the Company's stakeholders.

For more information, please visit http://www.speymilldeutsche.com or contact:

Notes to Editors:

Speymill Deutsche Immobilien Company plc is a pan-German residential property investment company, which listed on the AIM market of the London Stock Exchange in March 2006, raising £170 million. In May 2007, SDIC raised a further €250 million through a C share placing. The Euro denominated fund aims to provide investors with an attractive level of income together with the prospect for long-term capital growth.

The German residential market is viewed as attractive to investors due to a number of factors including rising German economic activity and productivity, and the availability of assets at below replacement cost. Acquired properties should, through active management, also have the potential for increased rental rates and accordingly improved capital values and increased yield.