AREO THE SHAREHOLDERS CURRENT TARGET MARKETS IMPRINT THE SHAREHOLDERS LADIES AND GENTLEMEN, We would like to use our website to introduce you to AREO Holding and its founders. Oliver Welling and Thomas Stümmler are entrepreneurs from Münster, each of whom has gained wide-ranging experience in the fields of corporate expansion and property development in the course of their independent business activities (since 1988 and 1990 respectively). Oliver Welling is the third-generation owner of Anton Welling GmbH in Münster. Thomas Stümmler is the founder and board member of Vectron Systems AG, one of Europe's leading manufacturers of POS systems. The two entrepreneurs have been working together for the last five years, focusing their efforts on the acquisition and development of properties with troubled tenancy situations and massive structural deficiencies. Unlike other companies and funds, Welling and Stümmler themselves are long-term holders of the majority of their stakes, and are interested not in short-term sales, but rather successful, long-term utilisation. Their activities are focused on properties built from the 1950s to the 1980s, a majority of which developed an increasing array of problems under their previous owners. Changing market situations and non-compliance with structural standards lead to falling revenues, with high vacancy rates a frequent result. As an alternative to cost-intensive modernisation efforts that are never a guarantee of success, selling to AREO Holding may offer a solution – before there is any further structural, and thus financial, deterioration. ARE YOU A PROPERTY OWNER OR BROKER AND WOULD LIKE TO OFFER US A PROPERTY OR ARE INTERESTED IN FINDING OUT WHAT WE ARE LOOKING FOR? SIMPLY SEND US AN EMAIL TO POST@AREOHOLDING.COM OR GIVE US A CALL. WE LOOK FORWARD TO HEARING FROM YOU. YOU CAN REACH US ON THE FOLLOWING NUMBER: +49 251 609 687 - 0