DGAP-Adhoc: GAGFAH S.A.: Change of the Chairman of the Board of Directors of GAGFAH S.A.

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| Source: EQS Group AG
GAGFAH S.A.  / Key word(s): Change of Personnel

06.03.2014 18:41

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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GAGFAH S.A.
2-4, rue Beck
L-1222 Luxembourg

ISIN: LU0269583422/WKN: A0LBDT
Frankfurt Stock Exchange, Regulated Market (Prime Standard)


Change of the Chairman of the Board of Directors of GAGFAH S.A. - Mr.
Jonathan Ashley intends to resign from his office as Chairman of the Board
of Directors of GAGFAH S.A. on March 25, 2014 - New Chairman of the Board
of Directors is expected to be Mr. Gerhard Zeiler.


Luxembourg, March 6, 2014. Mr. Jonathan Ashley, Chairman of the Board of
Directors of GAGFAH S.A., Luxembourg, intends to resign from his office as
Chairman and member of the Board of Directors on March 25, 2014.

Successor in the position as Chairman of the Board of Directors is
envisaged to be Mr. Gerhard Zeiler. Mr. Zeiler is an Austrian media manager
and currently President of Turner Broadcasting System International, a Time
Warner Company with seat in London.

Within the past few months, several important strategic decisions have been
taken and already implemented to sharpen the focus of GAGFAH GROUP's
strategy back to the operating business and a repositioning of the company.
Furthermore, Fortress Investment Group reduced their stake in GAGFAH S.A.
from more than 60% down to about 41% of GAGFAH S.A.'s voting rights in the
second half of 2013. In light of these developments, the Board of Directors
feels that now is the right time to make the change in order to create new
impetus at the very top of the GAGFAH GROUP.

The resignation of Mr. Ashley as Chairman and member of the Board of
Directors and the appointment of Mr. Zeiler as a new member of the Board
and the election as Chairman of the Board of Directors are subject to the
implementation of the necessary legal formalities. The Company expects
these formalities to be completed shortly.


06.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      GAGFAH S.A.
              2-4, rue Beck
              1222 Luxemburg
              Grand Duchy of Luxembourg
Phone:        + 352 266 366 1
Fax:          + 352 266 366 01
E-mail:       info@gagfah.com
Internet:     www.gagfah.com
ISIN:         LU0269583422, LU0269583422
WKN:          A0LBDT
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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