Giacomo Balzarini
Chief Financial Officer

1968, IT, Wollerau
lic. oec. publ., MBA
(has held this position since 1 April 2007). Mr. Balzarini joined PSP Swiss Property on 1 December 2006.

Education: Mr. Balzarini completed his studies in economics at the University of Zurich in 1996. In 2002 he obtained an MBA from the University of Chicago (Ill., USA).

Professional activity: From mid-1993 to 1996 Mr. Balzarini worked for Union Bank of Switzerland in Zurich in the areas of corporate account management and business development. From 1997 until 2006 he worked at Swiss Reinsurance Company in risk and project management, strategic development and asset management; his last position at Swiss Reinsurance Company was Managing Director, responsible for building up the company's indirect international real estate portfolios.

As at December 2007, Mr. Balzarini did not hold any directorships which are subject to disclosure other than the positions held at the PSP subsidiaries PSP Participations Ltd, PSP Finance Ltd, PSP Real Estate Ltd, PSP Properties Ltd, Immobiliengesellschaft Septima AG, SI 7 Place du Molard Ltd, PSP Management Ltd and PSP Group Services Ltd as well as the subsidiary PSP West V AG and its subsidiaries.