GlobeNewswire Inc | Nov 13, 2020 02:25PM EST

November 13, 2020

Paris, Amsterdam, November 13, 2020

Press release

Meeting of the Supervisory Board of Unibail-Rodamco-Westfield (URW) on November 13, 2020

The Supervisory Board of Unibail-Rodamco-Westfield (URW) met today in the presence of the three new directors elected at the Group's Combined General Meeting of November 10, 2020 (MrLonBressler, Ms Susana Gallardo and Mr Xavier Niel).

At this meeting, the Supervisory Board took note of the resignation of the Chairman of the Board, Mr Colin Dyer, who remains a member of the Board. The Board also takes note of the resignation of Mr Jacques Stern, Vice-Chairman, and of Mr Philippe Collombel, Mrs Sophie Stabile and Mrs Jacqueline Tammenoms Bakker.

The Supervisory Board appointed Mr Lon Bressler as Chairman with immediate effect. Mrs Susana Gallardo becomes member of the Governance and Nomination Committee. Mr Xavier Niel becomes member of the Remuneration Committee.

The Supervisory Board wishes to express its gratitude to Mr Colin Dyer for the work accomplished during his term of office as Chairman since April 25, 2017.

The Board thanks Mr Jacques Stern for his work on the Supervisory Board since April 21, 2016. He was Vice-Chairman of the Supervisory Board since May 15, 2020, and a member of the Audit Committee, which he had chaired since June 7, 2018. The Board also thanks Philippe Collombel, Sophie Stabile and Jacqueline Tammenoms Bakker.

For further information, please contact:

Investor RelationsSamuel WarwoodMaarten Otte+33 1 76 77 58 02Maarten.Otte@urw.com

Media RelationsCline van Steenbrugghe+33 6 71 89 73 08celine.vansteenbrugghe@urw.com

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at 58.3 Bn as at September 30, 2020, of which 86% in retail, 7% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 89 shopping centres, including 55 Flagships in the most dynamic cities in Europe and the United States. Its centres welcome 1.2 billion visits per year. Present on two continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers. With the support of its 3,400 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities. Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from an BBB+ rating from Standard & Poors and from a Baa1 rating from Moodys.

For more information, please visit www.urw.comVisit our Media Library at https://mediacentre.urw.com Follow the Group updates on Twitter @urw_group, Linkedin @Unibail-Rodamco-Westfield and Instagram @urw_group

Attachment

-- Meeting of the Supervisory Board on November 10, 2020