The current Chairman of the Board of Directors, mr. Léon Bressler announced that he will step down as Chairman of the Board of Directors of Unibail and resign as member of the Board. His successor as of June 30, 2006 will be Mr. Guillaume Poitrinal.
Mr. Léon Bressler stated: "The outlook of the company is positive with excellent results and a particularly large number of promising development projectsin the pipeline. The Group's structure is stronger than ever. In this context it seems appropriate to step down exactly 14 years to the day from the date on which I was appointed Chairman and Chief Executive Officer of Unibail."