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BPT implements a new organisational structure

28 October 2008

As announced on the 3rd of October 2008 the BPT Asset Management A/S board of directors has explored the possibilities for a restructuring of the BPT group organisation. This restructuring was to be made in order to accommodate to the new market environment and meet a personal wish from founder of BPT, Lars Ohnemus, to step down as CEO and dedicate his future efforts solely to investor relations and business development.

Effective as of today the Board of Directors has decided to appoint COO Mikael Hyttel Runegaard Thomsen as new CEO of BPT Asset Management A/S. The new organisational structure will be centred around two core units: asset management and fund management.

Asset Management and Fund Management
Mikael Hyttel Runegaard Thomsen will be in charge of asset management activities of current funds, which will consist of two core components: fund management and fund administration.

Head of the new fund management unit is Andrea Jost. She will be responsible for the optimization and consolidation of all group level fund management activities in close cooperation with the boards and fund managers of the respective BPT funds. Additionally Andrea Jost will remain the fund manager of BPT Hansa as well as Country Director for Germany.

Head of the new fund administration unit is CFO Lina Malisauskaite. Her new responsibility will be to conduct the effective administration of all the BPT funds across the group. This includes financing, reporting, third-party administration and capital calls administration.

HR Manager Allan Bjerre is also a member of the new group management team.

Investor Relations & Business Development
A second unit (a separate legal entity) will handle fund raising, investor relations and business development. This unit will be headed by Lars Ohnemus as the managing director in a new and more focused role.

Stig Mølsted-Møller who has previously been in charge of investor relations and fund raising has decided to leave BPT as a consequence of this restructuring.

Cross-border synergies and strong local ties
The overall aim of the restructuring is to consolidate the organisation by intensifying the focus on the core business: effective real estate asset management. Chairman of the Board, Henning Kruse Pedersen, explains:

"The strength of BPT lies in the strong local presence and dedication of our employees. With the new organisation, we will intensify our focus and optimize the cross-border synergies while still keeping our unique local ties in the Baltic countries, Poland, Russia and Germany."

For further information regarding this message, please contact:
Marketing & Communications Manager Bettina Knudsen
Phone +45 28 14 59 33,
Click here to Email



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