Dr Louis Hagen leaving Supervisory Board; Jan Kupfer is to be nominated for election to the Supervisory Board at the Annual General Shareholders’ Meeting and is expected to assume the role of Chairman

Garching, March 18, 2026 – At Deutsche Pfandbriefbank AG (pbb), a leading European specialist bank for commercial real estate financing, an orderly generational transition is underway on the Supervisory Board. Dr Louis Hagen (67), Chairman of the Supervisory Board, has decided to step down from the board, thereby paving the way for the chairmanship to pass to younger hands. With this step, he is deliberately setting an example for the early and forward-looking development of corporate governance. The Supervisory Board of pbb has resolved to nominate Jan Kupfer (62) for election to the Supervisory Board at the Annual General Shareholders’ Meeting in May 2026. Should he be elected by the shareholders, Jan Kupfer is set to be elected Chairman of the Supervisory Board.

“Corporate governance also means taking responsibility for continuity and future viability. That is why I believe it is the right decision to step down from the Supervisory Board at the upcoming Annual General Shareholders’ Meeting and thereby actively support the strategic development of the company,” explains Dr Hagen.

Dr Hagen has been a member of pbb’s Supervisory Board since 2023 and has led the board since the beginning of his term. During his tenure, the bank’s profound transformation began with a new strategy for a more diversified and profitable business model. Under his chairmanship, Kay Wolf was appointed Chairman of the Management Board, and the Management Board was further renewed with the appointments of Dr Pamela Hoerr, Jörn Joseph, and most recently Barkha Mehmedagic.

“I have always supported pbb with great dedication and joy as Chairman of the Supervisory Board. Even though the situation in the real estate markets remains challenging and the bank’s transformation will take further time: Together, we have set the right course to create long-term and sustainable value for pbb’s shareholders,” says Dr Hagen. “With Jan Kupfer, we were able to secure a top candidate for the chairmanship of the Supervisory Board at an early stage, someone who brings decades of management experience in the financial sector to the table. Under his leadership, pbb intends to consistently complete the bank’s restructuring and realize its strategic potential.”

Jan Kupfer has more than 30 years of management experience in international banking. He held several leadership positions in risk management, transaction and investment banking, and corporate banking at the UniCredit Group. Starting in 2018, he was a member of the Executive Board of HypoVereinsbank, responsible for corporate clients and also overseeing the bank’s commercial real estate business. Since 2025, he has been working as an independent consultant and supervisory board member in the financial sector.