07.12.2012 – 17:43

Grand City Properties S.A.

EANS-News: Grand City Properties S.A. /Changes in Board of Directors

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Board of Directors (Appointments and Changes)

Luxembourg (euro adhoc) - GRAND CITY PROPERTIES S.A.: Changes in Board of
Directors

Luxembourg, December 07, 2012: Mrs. Simone Runge was appointed to the board of
directors with immediate effect.  

Thus the board of directors consists of the following three members as of today:

Mrs. Cleo Koushos-Cros
Mr. Daniel Malkin
Mrs. Simone Runge

Mr. Christos Metaxas and Mr. Harislaos Koureas are no longer members of the
board of directors.


About GRAND CITY PROPERTIES S.A.

Grand City Properties S.A. is a residential property investment company with
main focus on residential investments in Germany. 

Forward-looking statements

This news release may include forward-looking statements. Forward-looking
statements include, but are not limited to, statements concerning estimates of
expected capital expenditures and associated costs, statements relating to
estimates of, and increases in, rental income, cash flows and property market
values and other statements which are not historical facts. When used in this
document, the words such as "could," "plan," "estimate", "expect", "intend",
"may", "potential", "should" and similar expressions are forward-looking
statements. Although Grand City Properties believes that its expectations
reflected in these forward-looking statements are reasonable, such statements
involve risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking statements. Important
factors that could cause actual results to differ from these forward-looking
statements include the potential that the Company's projects will experience
problems due to change in market conditions, that changes in rental prices can
have a material impact and that Grand City Properties fails to raise sufficient
capital to adequately fund its expansion activities. 

Contact:
Grand City Properties S.A. 
6, boulevard Pierre Dupong 
L 1430 Luxemburg 
www.grandcityproperties.com


Further inquiry note:
Herr Christian Hupfer
Tel.: 004930887088192
E-Mail:  christian.hupfer@grandcityhotels.com

end of announcement                               euro adhoc 
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company:     Grand City Properties S.A.
             boulevard Pierre Dupong 6
             D-L-1430 Luxembourg
phone:       0035226187379
FAX:         0035226187779
WWW:         http://www.grandcityproperties.com
sector:      Financial & Business Services
ISIN:        LU0775917882
indexes:     Entry Standard Index
stockmarkets: Open Market: Frankfurt 
language:   English