DGAP-News: GAGFAH S.A. / Key word(s): Change of Personnel
GAGFAH S.A.: Fortress Representatives Resign with Immediate Effect
from Board of Directors of GAGFAH S.A.

09.07.2014 / 17:54


Following the successful placement of the remaining shares in GAGFAH by
Fortress Investment Group last month, the two Fortress representatives on
the Board of Directors of GAGFAH S.A. resigned with immediate effect from
the Board of Directors of the Company, as expected.

Wesley R. Edens and Randal A. Nardone submitted their resignation letter to
Chairman Gerhard Zeiler on July 8, 2014, informing him of their immediate
resignation from their positions as Directors of the Company and members of
different committees.

As a consequence, the Board currently comprises the following five members:

Gerhard Zeiler (Chairman; Independent Director)
Dr. Jürgen Allerkamp (Vice-Chairman; Independent Director)
Dieter Ristau (Independent Director)
Yves Wagner, Ph.D. (Independent Director)
Thomas Zinnöcker (CEO of GAGFAH GROUP)

The Board of Directors will deliberate on the succession of Mr. Edens and
Mr. Nardone in the next Board meeting and will be sure to inform the public
and capital markets in due course.

End of Corporate News


09.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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


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,  
End of News    DGAP News-Service  
277358 09.07.2014