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COMPANY
PRESENTATION




               08.2012
08.2012     COMPANY PRESENTATION


  COMPANY




  Equity Story
   Deutsche EuroShop is Germany´s only public company that invests solely in
    shopping centers.
   Shopping centers are attractive investments
    because of
    – continuously positive development of rents
    – stable long term growth
    – prime locations
    – high quality standards
   Deutsche EuroShop does not seek short-term success, but rather long-term growth
    and the resulting stable increase in the value of the portfolio.




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08.2012       COMPANY PRESENTATION


  COMPANY




  At a Glance
   19 shopping centers on high street and in established locations –
    15 in Germany, 2 in Poland and one each in Austria and Hungary

          Lettable space                        approx. 905,000 sqm1)      avg. lettable space
          Retail shops                                 approx.   2,3101)   per DES-center:
                                                                           inner city 37,850
          Market value                            approx. €3.6 billion1)   sqm est. Locations
          Rents per year                                 €244 million1)    100,270 sqm
          Occupancy rate                                           99%

   2011 portfolio valuation: 5.92% net initial yield (EPRA)                                     1)   100%-view

   Professional center management by ECE, the European market leader in this industry




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08.2012        COMPANY PRESENTATION


  COMPANY




  Key Figures
  REVENUE                                       EBIT                                             NUMBER OF SHARES
  €m                                            €m                                               mn
                      +19%1)                                         +21%1)                                          +11%1)
                                        190.0                                           165.7
                                                                                                                               51.63   51.63
                                144.2                                          124.0
                        127.6                                        110.7
              115.3                                         98.1                                 34.37       34.37     34.37
       95.8                                         78.5




       2007   2008      2009    2010    2011         2007    2008       2009     2010     2011   2007        2008      2009    2010    2011
                                                                                                                                               1)   2006-2011, Compound Annual
   FFO PER SHARE                                DIVIDEND PER SHARE                               NAV PER SHARE2)                               2)
                                                                                                                                                    Growth Rate (CAGR)
                                                                                                                                                    since 2010: EPRA NAV
   €                                            €                                                €
                      +10%1)                                       +1.2%1)                                           +0.6%1)
                                        1.61
              1.38      1.40    1.35                                           1.10     1.10                                           27.65
                                                                                                             27.43
                                                                                                     26.91             26.63
       1.12                                                                                                                    26.37
                                                    1.05    1.05      1.05




                                                                                                                                                    4
       2007   2008      2009    2010    2011        2007    2008     2009      2010     2011         2007    2008      2009    2010    2011
08.2012       COMPANY PRESENTATION


  COMPANY




  Lease System
    5
  rent
                                                                           Participation
                                                                           in sales
    4
                                                                           growth of retail
                         turnover-linked rent                              industry
    3

    2

    1
                               CPI-linked minimum rent
    0
          1     2    3     4    5    6   7      8   9   10 11 12 13 14 15 years

  Lease standards:
   10 years lease only
   no break-up option
   turnover-linked rents
   minimum rents are CPI-linked

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08.2012          COMPANY PRESENTATION


  COMPANY




  Lease System
   avg. rent per sqm and year: €250
   avg. turnover per sqm and year: €4,700 (avg. German retail: €3,430)
   Rent-to-sales-ratio: 7-11%
   weighted maturity of rental contracts: 7.4 years

  TURNOVER-LINKED RENT                                                      LIKE-FOR-LIKE REVENUE
                                                                       €m
   5%                                                         190.0         4%
                                                                      190

   4%                                                                 165
                                                                            3%
                                                      144.2
   3%                                         127.6
                                                                      140
                   2.8%
          2.6%
                                  2.4%115.3                                 2%
                           2.2%
                                       2.0%
                                                                      115
   2%                     92.9 95.8
                                               1.8% 1.8%
                                                         1.7%
                                                                      90
                  72.1                                                      1%
   1%     61.4
                                                                      65

   0%                                                                 40    0%
          2004 2005 2006 2007 2008 2009 2010 2011                                2005   2006    2007   2008    2009    2010        2011

                 Revenue               Rate of turnover-linked rent
                                       avg. 2.2%
                                                                                   German inflation
                                                                                   avg. 1.7%
                                                                                                       DES´like-for-like revenue
                                                                                                       avg. 2.1%                          6
08.2012     COMPANY PRESENTATION


  COMPANY




  Targets
   Long term net asset value enhancement
   Main focus on NAV and dividend
   “buy & hold”-strategy, Continuous growth
   Stable and attractive dividends
    Dividend yield: currently 3.6%
   Investment-focus:
    At least 75% Germany and up to 25% Europe
   Portfolio extension by 10% per year
    – by acquisition of new shopping centers
    – by increasing existing amounts of holdings
    – by expansion of portfolio centers




                                                   7
08.2012   COMPANY PRESENTATION


  SHOPPING CENTERS




  Overview




                                 8
08.2012       COMPANY PRESENTATION


  SHOPPING CENTERS




  Germany




                                         A10 Center       Main-Taunus-Zentrum                Altmarkt-Galerie
    Location                           Wildau/Berlin           Sulzbach/Frankfurt                     Dresden
    Investment                                 100%                        52.0%                        67.0%
    Lettable space sqm                      118,500                      117,900                        77,000
    Parking                                    4,000                        4,500                          500
    Number of shops                      approx. 200                  approx. 170                  approx. 200
    Occupancy rate                             100%                         100%                          93%
    Catchment area         approx. 1.2 m. inhabitants   approx. 2.2 m. inhabitants   approx. 1.0 m. inhabitants
    Opening/refurbishm.                  1996 / 2011           1964 / 2004 / 2011                  2002 / 2011




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08.2012       COMPANY PRESENTATION


  SHOPPING CENTERS




  Germany




                            Rhein-Neckar-Zentrum                    Allee-Center              Billstedt-Center
    Location                              Viernheim                   Magdeburg                      Hamburg
    Investment                                 100%                        50.0%                         100%
    Lettable space sqm                        64,400                       51,300                       42,800
    Parking                                    3,800                        1,300                        1,500
    Number of shops                      approx. 110                  approx. 150                  approx. 110
    Occupancy rate                             100%                          98%                         100%
    Catchment area         approx. 1.2 m. inhabitants   approx. 0.7 m. inhabitants   approx. 0.7 m. inhabitants
    Opening/refurbishm.                  1972 / 2002                  1998 / 2006           1969 / 1977 / 1996




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08.2012       COMPANY PRESENTATION


  SHOPPING CENTERS




  Germany




                                     Phoenix-Center                       Forum                  Allee-Center
    Location                               Hamburg                        Wetzlar                       Hamm
    Investment                                50.0%                        65.0%                         100%
    Lettable space sqm                        39,200                       34,300                       33,900
    Parking                                    1,600                        1,700                        1,250
    Number of shops                      approx. 110                  approx. 110                   approx. 90
    Occupancy rate                             100%                         100%                         100%
    Catchment area         approx. 0.6 m. inhabitants   approx. 0.5 m. inhabitants   approx. 1.0 m. inhabitants
    Opening/refurbishm.                         2004                         2005           1992 / 2003 / 2009




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08.2012       COMPANY PRESENTATION


  SHOPPING CENTERS




  Germany




                                        City-Galerie             Rathaus-Center                  City-Arkaden
    Location                              Wolfsburg                       Dessau                    Wuppertal
    Investment                                 100%                         100%                         100%
    Lettable space sqm                        30,800                       30,400                       28,700
    Parking                                      800                          850                          650
    Number of shops                      approx. 100                   approx. 90                   approx. 90
    Occupancy rate                             100%                          98%                         100%
    Catchment area         approx. 0.5 m. inhabitants   approx. 0.6 m. inhabitants   approx. 0.7 m. inhabitants
    Opening/refurbishm.                  2001 / 2006                         1995                  2001 / 2004




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08.2012       COMPANY PRESENTATION


  SHOPPING CENTERS




  Germany




                                          City-Point               Stadt-Galerie                Stadt-Galerie
    Location                                  Kassel                      Passau                       Hameln
    Investment                                 100%                        75.0%                         100%
    Lettable space sqm                        28,300                       27,600                       26,000
    Parking                                      220                          500                          500
    Number of shops                       approx. 60                   approx. 90                  approx. 100
    Occupancy rate                             100%                         100%                         100%
    Catchment area         approx. 0.8 m. inhabitants   approx. 0.7 m. inhabitants   approx. 0.4 m. inhabitants
    Opening/refurbishm.                  2002 / 2009                         2008                         2008




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08.2012       COMPANY PRESENTATION


  SHOPPING CENTERS




  Europe




                                   Galeria Bałtycka                 City Arkaden                        Árkád
    Location                         Gdansk, Poland            Klagenfurt, Austria              Pécs, Hungary
    Investment                                74.0%                        50.0%                        50.0%
    Lettable space sqm                        48,600                       36,900                       36,900
    Parking                                    1.050                          880                          880
    Number of shops                      approx. 195                  approx. 120                  approx. 120
    Occupancy rate                             100%                         100%                          93%
    Catchment area         approx. 1.1 m. inhabitants   approx. 0.4 m. inhabitants   approx. 1.0 m. inhabitants
    Opening/refurbishm.                         2007                         2006                         2004




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08.2012       COMPANY PRESENTATION


  SHOPPING CENTERS




  Europe




                                       Galeria Dominikanska
    Location                                  Wroclaw, Poland
    Investment                                          33.3%
    Lettable space sqm                                  32,900
    Parking                                                900
    Number of shops                                approx. 100
    Occupancy rate                                        99%
    Catchment area                   approx. 1.0 m. inhabitants
    Opening/refurbishm.                                   2001




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08.2012   COMPANY PRESENTATION


  SHOPPING CENTERS




  Our Tenants1)




                                 1)   selection of our well known tenants




                                      16
08.2012      COMPANY PRESENTATION


  SHOPPING CENTERS




  Tenants Structure Top 10 Tenants1)

                                                      Low level of
                                                      dependence on
                                                      the top 10 tenants


    Metro Group                        6.0%

    Douglas Group                      4.4%

    H&M                                2.7%

    New Yorker                         2.3%
                                                                            1)   in % of total rents as at 31 Dec 2011
    Deichmann                          1.9%

    Peek & Cloppenburg                 1.9%

    C&A                                1.7%

    REWE                               1.6%

    Inditex Group                      1.4%

    Esprit                             1.4%                 Other tenants

    Total                           25.3%     Total                74.7%

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08.2012   COMPANY PRESENTATION


  SHOPPING CENTERS




  Maturity Distribution of Rental Contracts1)

                                                            Long-term
                                                             contracts
                                                             guarantee rental
                                            2012: 3%         income
   2017 et sqq:
                                                2013: 2%    Weighted
           69%
                                                             maturity
                                                2014: 8%
                                                             7.4 years


                                                2015: 8%
                                                                                1)   as % of rental income as at
                                                                                     31 December 2011


                                           2016: 10%




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08.2012     COMPANY PRESENTATION


  SHOPPING CENTERS




  Sector and Retailer Mix1)
       non-food/
      electronics                                                  Balanced sector
         21%                       department
                                     stores                        and retailer
                                      11%                          diversification

                                           food
                                            7%
                                           health &
                                            beauty
                                             6%
                                        catering
                                           4%                      inter-/national retailers
      fashion                       services                                 47%               1)   as % of rental income as at
        50%                           1%                                                            31 December 2011




                                    local entrepreneurs
                                            29%



                                                          regional retail chains
                                                                  24%
                                                                                                    19
08.2012         COMPANY PRESENTATION


  FINANCIALS




  Key Figures H1 2012

    € million                           01.01.-30.06.2012   01.01.-30.06.2011       Change
    Revenue                                        104.5                   91.1        15%
    Net operating income                            93.6                   81.5        15%
    EBIT                                            91.2                   78.4        16%
    Net finance costs                               -42.1               -38.8           -9%
    Valuation result                                 -1.9                  -0.8
    EBT                                             47.2                   38.8        22%
    Consolidated profit                             32.6                   27.2         20%
    FFO per share                                   0.90                   0.74        22%
    EPRA Earnings per share                         0.66                   0.54        22%


    € million                                 30.06.2012     30.06.2011           31.12.2011
    Total equity                                 1,434.6         1,502.7             1,473.1
    Interest bearing debt                        1,515.5         1,362.1             1,472.1
    Other debt (incl. Deferred taxes)              293.8           145.4               279.9
    Total assets                                 3,243.9         3,010.2             3,225.1
    Equity ratio                                   44.2%          49.9%               45.7%
    LTV ratio                                       48%             47%                 47%
                                                                                               20
08.2012      COMPANY PRESENTATION


  FINANCIALS




  Loan Structure1)
                                          Principle amounts              Share of               avg.
    Interest lockin        Duration              (€ thousand)           total loan      interest rate
    Up to 1 year                                       192,928             12.8%                    3.26%
    1 to 5 years                  3.22                 424,855             28.2%                    4.85%
    5 to 10 years                 8.36                 698,860             46.5%                    4.33%
    Over 10 years                12.48                 187,623             12.5%                    4.15%
    Total   20121)                6.84            1,504,268               100.0%                    4.32%


                                  6.00                                                               8
    Banks:                                                                                                 1)   as of 30 June 2012
                                                                                                     7
     22 German and                       5.50
     1 Austrian                   5.50          5.36      5.33   5.27
                                                                                                     6
                                                                         5.03
                                                                                                     5
    Weighted maturity            5.00                                                               4
     of fixed interest periods
                                                                                 4.59                3
     6.8 years
                                  4.50                                                  4.32         2
                                                                                                     1
                                  4.00                                                               0
                                                                                               1)
                                         2006   2007     2008    2009   2010     2011   2012        yrs
                                    %
                                                             Durchschnittszinssatz
                                                                                                                 21
08.2012     COMPANY PRESENTATION


  FINANCIALS




  Refinancings of 20121)
    in € thousand                                   new                 old              +/-
    Principle amounts                            104,322            104,320          +0,002
    Duration                                     10.0yrs              2.0yrs         +8.0yrs
    Interest rate                                 3.02%               5.83%          -2.81%



  Maturities until 20161)
                         end of fixed interest                          regular
                         periods respectively       avg. interest   redemption         total
    in € thousand              expiring loans                rate     payments    maturities   1)   as of 30 June 2012

    2012                               17,100              5.82%        11,690       28,790
    2013                             177,900               3.75%        19,770      197,670
    2014                               12,000              5.07%        20,850       32,850
    2015                               78,600              5.06%        19,450       98,050
    2016                              170,700              5.43%        16,160      186,860




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08.2012          COMPANY PRESENTATION


  FINANCIALS




  Valuation1) – Investment Properties 2011
   Discounted cash-flow method               2010            2011      actual

   expected yield of 10-year                                                            Macro-location                 40.0%
   German federal bonds                    4.44%           4.34%      1.41%   2)        Competitive environment        12.8%
   average applied risk premiums            2.21%           2.34%                       Micro-location                 19.2%
   average discount rate                   6.65%           6.68%                        Property quality                8.0%
   average property operating                                                           Tenants risk                   20.0%
   and management costs                    11.70%          11.80%
   net initial yield (EPRA)                 5.89%           5.92%

                                                                    6.68            6.80              6.65           6.68
          6.56          6.54
                                    6.44            6.38

                                                                                    5.82              5.89           5.92
                                                                    5.64
          5.48          5.46       5.39             5.40                                                                        1)   External appraisers:
                                                                                                                                     Feri Research and GfK GeoMarketing
                                                                                                                                2)   Status: 9 August 2012
          2004         2005       2006          2007                2008           2009               2010           2011
                                           discount rate                       net initial yield

  Sensitivity analysis
   in € thousand                                              Basis            change of -25bps              change of +25bps
   Rent increase rates                                        1.70%                        -106,300                   111,700
   Discount rate                                              6.68%                         98,100                    -93,300
   Net initial yield                                          5.92%                        138,000                   -126,800
   Cost ratio                                                11.80%                           9,000                    -9,000

                                                                                                                                     23
08.2012          COMPANY PRESENTATION


  FINANCIALS




     Forecast
   REVENUE
   €m
                                                                                      207-211
                                                                       190.0                            178-182
                                         127.6          144.2
                          115.3
          95.8                                                                        174-178
                  +20%            +11%           +13%           +32%           +10%               +2%
                                                                                                                    CAGR1): +19%

   EBIT
   €m
                                                                                      177-181
                                                                       165.7                            151-155
                                         110.7          124.0
                          98.1                                                        147-151
          77.2
                   +27%           +13%           +12%           +34%           +8%                +3%
                                                                                                                    CAGR1): +21%
                                                                                                                                    1)   Compound Annual Growth Rate
   EBT WITHOUT VALUATION                                                                                                                 (CAGR) 2007-2011
   €m
                                                                                                                                    2)   incl. at-equity consolidation scenario
                                                                                      94-97             98-101                      3)   at-equity consolidation
                                                                       86.5                                                         4)   incl. dilution
                                         54.9           63.9
                          48.7
          38.9
                  +25%            +13%           +16%           +36%           +10%               +4%
           1                2             3               4              5               6                 7
                                                                                                                    CAGR1): +22%

   FFO PER SHARE
   €m
                                                                                      1.70-1.74         1.76-1.80
                          1.38           1.40           1.40           1.61
          1.12
                  +23%            +1%            +0%            +15%           +7%                +3%
                                                                                                                    CAGR1)4): +9%
          2007            2008           2009           2010           2011           20122)
                                                                                       2012              20133)
                                                                                                          2013
                                                                                                                                         24
08.2012       COMPANY PRESENTATION


  SHOPPING CENTER SHARES




  Dividend & Performance

  Dividend1)                                                                                           Share price2)
                                                                                28.98                30.53
    1.20                                28.08
                                                                                                               30.00
                                                           24.30                          24.80
    1.15                        23.73             23.50               23.67
                                                                                           1.10      1.10
                                                                                                               25.00
    1.10               19.26
              16.88                                1.05    1.05        1.05     1.05                           20.00
    1.05
                                           1.00                                                                15.00
    1.00
               0.96    0.96     0.96
    0.95                                                                                                       10.00

    0.90                                                                                                       5.00       1)   respectively paid for the previous
              2003 2004 2005 2006 2007 2008 2009 2010 2011 2012                                                           2)
                                                                                                                               financial year
                                                                                                                               2012: as of 10 August 2012
                                                                                                                          3)   as of 31 Dec. 2011
                                                                                                                          4)   German government bonds index
    PERFORMANCE3)
    DES                                                                 DAX                 EPRA                 REX4)
    1 year                        (2011)          -14.4%              -14.7%
    3 years                    +16.4% =       +5.2% p.a.          +7.0% p.a.


    5 years                     +9.1% =       +1.8% p.a.           -2.2% p.a.


    Since IPO (2001)           +104.8%=       +6.7% p.a.           -0.8% p.a.           +4.7% p.a.           +5.9% p.a.        25
08.2012   COMPANY PRESENTATION


  SHOPPING CENTER SHARES




  Shareholder Structure1)

                                                                  9,900
                                                                   shareholders
                                                                  Free float 85.0%




                               Otto Family
             Private             15.0%                               UK 9%
            Investors                                                                 1)   Status: 1 August 2012
              29.7%            BlackRock 3.0%                          FR 7%

                          Hertie Foundation 3.0%   Germany 61%          US 5%
                                                                          NL 4%
                                                                         BE 3%
                                                                        NO 3%
                  Institutional Investors                             CH 2%
                           49.3%                                  Other 6%




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08.2012           COMPANY PRESENTATION


  SHOPPING CENTER SHARES




  Analysts‘ Consensus1)
    avg. / in €                                       2012                      2013
    EBIT (€ million)                              180.1                       181.3    Status: 8 August 2012
    FFO per share                                     1.70                      1.78    27 analysts: one of the
    EPS                                               1.82                      1.84     best covered real estate
    Dividend                                          1.15                      1.22     companies in Europe2)
    Price target                                                              28.69

    Sell                  Underperform      Neutral                                    Outperform      Buy

     Green Street         ABN Amro         Aurel                 Kempen & Co        Commerzbank    Berenberg Bank
      Advisors             Credit Suisse    Baader Bank           Kepler Capital                     Close Brothers
     ING                  Natixis          Bankhaus Lampe         Markets                             Seydler
     Societe Generale     Petercam Bank    Bank of America       Oddo                               Metzler
                                              Merrill Lynch         Rabobank                           M.M. Warburg     1)   aggregated by DES
                                             Deutsche Bank         Silvia Quandt                                        2)   according to EPRA survey 3/2012
                                             DZ Bank                Research
                                             Equinet               UBS
                                             Hamburger
                                              Sparkasse
                                             HSBC



   100%



     0%
              Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2


                                                                                                                               27
              04 04 04 05 05 05 05 06 06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12
                                                 positive       neutral     negative
08.2012    COMPANY PRESENTATION


  SHOPPING CENTER SHARE




  10 Reasons to Invest
  1. The only public company in Germany to invest solely
     in shopping centers
  2. Prime locations
  3. Proven, conservative strategy
  4. Stable cash flow with long term visibility
  5. Shareholder-friendly dividend policy
  6. Experienced management team
  7. Excellent track record
  8. Centers almost 100% let
  9. Inflation-protected rental agreements
  10.Solidity combined with growth potential




                                                           28
08.2012       COMPANY PRESENTATION


  APPENDIX




  Key Data of the Share

    Listed since                                                            02.01.2001
    Nominal capital                                                    €51,631,400.00
    Outstanding shares                                                      51,631,400
    Class of shares                                                  Registered shares
                    1)
    Dividend 2011                                                                €1.10
    52W High                                                                    €31.40
    52W Low                                                                     €22.91
    Share price (10.08.2012)                                                    €30.53
    Market capitalisation                                                  €1.58 billion
                                                                                           1)   paid on 22.June 2012
    avg. turnover per day last 12 months (XETRA)                        145,600 shares
                                                   MDAX, EPRA, GPR, MSCI Small Cap,
    Indices
                                                    EURO STOXX, STOXX Europe 600
                                                                       Prime Standard
    Official market
                                                                  Frankfurt and XETRA
                                                   Berlin-Bremen, Dusseldorf, Hamburg,
    OTC market
                                                          Hanover, Munich and Stuttgart
    ISIN                                                             DE 000 748 020 4
    Ticker                                                   DEQ, Reuters: DEQGn.DE
    Market maker                                                Close Brothers Seydler
                                                                                                29
08.2012      COMPANY PRESENTATION


  APPENDIX




  Retail turnover H1 2012*
                                    % change    rent-to-sales    % of    % of
    Retail sector                     in 2011      ratio in %   sales   space
    Department stores                    -0.1            6.0      8.7    15.6
    Food                                 +2.3            6.4      9.8     6.3
    Fashion textiles                     -0.8           11.2     27.0    34.4
    Shoes & leather goods                -1.3           13.4      5.2     6.5
    Sports                               +6.3            8.0      4.3     4.8
    Health & Beauty                      +3.5            7.1     10.6     5.7
    General Retail                       -1.2           10.0     10.9    11.7   *   German centers on a like-for-like basis

    Electronics                          -1.8            2.8     15.0     9.4
    Services                             +1.4            4.8      4.2     1.5
    Food catering                        +1.8           13.4      4.2     4.1
    Total                                +0.3            8.2    100.0   100.0




                                                                                    30
08.2012      COMPANY PRESENTATION


  APPENDIX




  Purchasing Power Maps




                                    31
08.2012      COMPANY PRESENTATION


  APPENDIX




  Our partner: ECE



   ECE develops, plans, builds, leases and manages large commercial real estate in the
    sectors shopping, office, industries since 1965
   originally ECE was an abbreviation for the German word
    Einkaufscenterentwicklung (Shopping center development)
   100% privately owned by the Otto family
   active in 16 European countries
   European market leader in the shopping center business
   Assets under management:
    – 183 shopping centers
    – 6 million sqm overall sales area
    – approx.17,500 retail businesses
    – €19 billion in annual sales

  MANY INVESTORS RELY ON ECE:




                                                                                          32
08.2012      COMPANY PRESENTATION


  APPENDIX




  Environment
   Climate protection is one of the most important issues for Deutsche EuroShop. We believe
    that sustainability and profitability, the shopping experience and environmental awareness
    are not opposing forces. Long-term thinking is part of our strategy. This includes playing our
    part in environmental protection.
   In 2011, all our German shopping centers had contracts with suppliers
    that use regenerative energy sources such as hydroelectric power for
    their electricity needs. The “EnergieVision” organisation certified the
    green electricity for our centers in Germany with the renowned
    “ok-power” accreditation in 2011. We plan to switch the centers in
    other countries to green electricity as well in the next few years.
   The German centers used a total of around 59.4 million kWh of green electricity in 2011.
    This represented 100% of the electricity requirements in these shopping centers, which also
    used 1.1 kWh less than in the previous year. As a result, based on conservative
    calculations this meant a reduction of around 23,400 tonnes in carbon dioxide emissions –
    this equates to the annual CO2 emissions of around 1,060 two-person households. We
    have already reduced the energy consumption of our shopping centers by using heat
    exchangers and energy-saving light bulbs.
   Deutsche EuroShop, through its shopping centers, also supports a range of activities at
    local and regional level in the areas of ecology, society and economy.



                                                                                                     33
08.2012        COMPANY PRESENTATION


  APPENDIX




  Financial Calendar
          2012

          14.08.   Interim report H1 2012                   27.09.   Baader Investment Conference, Munich

          16.08.   Roadshow Edinburgh, M.M. Warburg         09.10.   ExpoREAL, Munich

                   Kempen & Co.                             17.10.   Roadshow Brussels, ING
    04.–05.09.
                   German Property Seminar, Berlin

                   Bank of America Merrill Lynch            17.10.   Roadshow Zurich, Deutsche Bank
          05.09.
                   pre-EPRA Event, Berlin
                                                            18.10.   Roadshow Geneva, Deutsche Bank
    06.–07.09.     EPRA Annual Conference, Berlin
                                                            13.11.   Nine-month report 2012
          13.09.   Roadshow Amsterdam, Rabo
                                                            15.11.   Roadshow Paris, Metzler
          18.09.   Roadshow Helsinki/Stockholm, Berenberg

          19.09.   Roadshow Copenhagen, equinet

                   UniCredit Kepler
          26.09.
                   German Investment Conference, Munich




                                                                                                            34
08.2012         COMPANY PRESENTATION


  APPENDIX




  Contact
  Deutsche EuroShop AG
  Investor & Public Relations
  Oderfelder Straße 23
  20149 Hamburg

  Tel. +49 (40) 41 35 79 - 20 / -22
  Fax +49 (40) 41 35 79 – 29                                                                  Claus-Matthias Böge
                                                                                              Chief Executive Officer
  E-Mail: ir@deutsche-euroshop.com
  Web: www.deutsche-euroshop.com


          ir-mall.com
          facebook.com/euroshop
          flickr.com/desag                                                                    Olaf G. Borkers
                                                                                              Chief Financial Officer
          slideshare.net/desag                                                                                                      This presentation is a FSC certified product.

          twitter.com/des_ag
          youtube.com/DeutscheEuroShop


  Important Notice: Forward-Looking Statements

  Statements in this presentation relating to future status or circumstances, including       Patrick Kiss
  statements regarding management’s plans and objectives for future operations, sales and     Head of Investor & Public Relations
  earnings figures, are forward-looking statements of goals and expectations based on
  estimates, assumptions and the anticipated effects of future events on current and
  developing circumstances and do not necessarily predict future results.

  Many factors could cause the actual results to be materiallydifferent from those that may
  be expressed or implied bysuch statements.

  Deutsche EuroShop does not intend to update these forward-looking statements and does
                                                                                              Nicolas Lissner

                                                                                                                                      35
  not assume any obligation to do so.
                                                                                              Manager Investor & Public Relations

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Deutsche EuroShop | Company Presentation | 08/12

  • 2. 08.2012 COMPANY PRESENTATION COMPANY Equity Story  Deutsche EuroShop is Germany´s only public company that invests solely in shopping centers.  Shopping centers are attractive investments because of – continuously positive development of rents – stable long term growth – prime locations – high quality standards  Deutsche EuroShop does not seek short-term success, but rather long-term growth and the resulting stable increase in the value of the portfolio. 2
  • 3. 08.2012 COMPANY PRESENTATION COMPANY At a Glance  19 shopping centers on high street and in established locations – 15 in Germany, 2 in Poland and one each in Austria and Hungary Lettable space approx. 905,000 sqm1) avg. lettable space Retail shops approx. 2,3101) per DES-center: inner city 37,850 Market value approx. €3.6 billion1) sqm est. Locations Rents per year €244 million1) 100,270 sqm Occupancy rate 99%  2011 portfolio valuation: 5.92% net initial yield (EPRA) 1) 100%-view  Professional center management by ECE, the European market leader in this industry 3
  • 4. 08.2012 COMPANY PRESENTATION COMPANY Key Figures REVENUE EBIT NUMBER OF SHARES €m €m mn +19%1) +21%1) +11%1) 190.0 165.7 51.63 51.63 144.2 124.0 127.6 110.7 115.3 98.1 34.37 34.37 34.37 95.8 78.5 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 1) 2006-2011, Compound Annual FFO PER SHARE DIVIDEND PER SHARE NAV PER SHARE2) 2) Growth Rate (CAGR) since 2010: EPRA NAV € € € +10%1) +1.2%1) +0.6%1) 1.61 1.38 1.40 1.35 1.10 1.10 27.65 27.43 26.91 26.63 1.12 26.37 1.05 1.05 1.05 4 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
  • 5. 08.2012 COMPANY PRESENTATION COMPANY Lease System 5 rent Participation in sales 4 growth of retail turnover-linked rent industry 3 2 1 CPI-linked minimum rent 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 years Lease standards:  10 years lease only  no break-up option  turnover-linked rents  minimum rents are CPI-linked 5
  • 6. 08.2012 COMPANY PRESENTATION COMPANY Lease System  avg. rent per sqm and year: €250  avg. turnover per sqm and year: €4,700 (avg. German retail: €3,430)  Rent-to-sales-ratio: 7-11%  weighted maturity of rental contracts: 7.4 years TURNOVER-LINKED RENT LIKE-FOR-LIKE REVENUE €m 5% 190.0 4% 190 4% 165 3% 144.2 3% 127.6 140 2.8% 2.6% 2.4%115.3 2% 2.2% 2.0% 115 2% 92.9 95.8 1.8% 1.8% 1.7% 90 72.1 1% 1% 61.4 65 0% 40 0% 2004 2005 2006 2007 2008 2009 2010 2011 2005 2006 2007 2008 2009 2010 2011 Revenue Rate of turnover-linked rent avg. 2.2% German inflation avg. 1.7% DES´like-for-like revenue avg. 2.1% 6
  • 7. 08.2012 COMPANY PRESENTATION COMPANY Targets  Long term net asset value enhancement  Main focus on NAV and dividend  “buy & hold”-strategy, Continuous growth  Stable and attractive dividends Dividend yield: currently 3.6%  Investment-focus: At least 75% Germany and up to 25% Europe  Portfolio extension by 10% per year – by acquisition of new shopping centers – by increasing existing amounts of holdings – by expansion of portfolio centers 7
  • 8. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Overview 8
  • 9. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Germany A10 Center Main-Taunus-Zentrum Altmarkt-Galerie Location Wildau/Berlin Sulzbach/Frankfurt Dresden Investment 100% 52.0% 67.0% Lettable space sqm 118,500 117,900 77,000 Parking 4,000 4,500 500 Number of shops approx. 200 approx. 170 approx. 200 Occupancy rate 100% 100% 93% Catchment area approx. 1.2 m. inhabitants approx. 2.2 m. inhabitants approx. 1.0 m. inhabitants Opening/refurbishm. 1996 / 2011 1964 / 2004 / 2011 2002 / 2011 9
  • 10. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Germany Rhein-Neckar-Zentrum Allee-Center Billstedt-Center Location Viernheim Magdeburg Hamburg Investment 100% 50.0% 100% Lettable space sqm 64,400 51,300 42,800 Parking 3,800 1,300 1,500 Number of shops approx. 110 approx. 150 approx. 110 Occupancy rate 100% 98% 100% Catchment area approx. 1.2 m. inhabitants approx. 0.7 m. inhabitants approx. 0.7 m. inhabitants Opening/refurbishm. 1972 / 2002 1998 / 2006 1969 / 1977 / 1996 10
  • 11. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Germany Phoenix-Center Forum Allee-Center Location Hamburg Wetzlar Hamm Investment 50.0% 65.0% 100% Lettable space sqm 39,200 34,300 33,900 Parking 1,600 1,700 1,250 Number of shops approx. 110 approx. 110 approx. 90 Occupancy rate 100% 100% 100% Catchment area approx. 0.6 m. inhabitants approx. 0.5 m. inhabitants approx. 1.0 m. inhabitants Opening/refurbishm. 2004 2005 1992 / 2003 / 2009 11
  • 12. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Germany City-Galerie Rathaus-Center City-Arkaden Location Wolfsburg Dessau Wuppertal Investment 100% 100% 100% Lettable space sqm 30,800 30,400 28,700 Parking 800 850 650 Number of shops approx. 100 approx. 90 approx. 90 Occupancy rate 100% 98% 100% Catchment area approx. 0.5 m. inhabitants approx. 0.6 m. inhabitants approx. 0.7 m. inhabitants Opening/refurbishm. 2001 / 2006 1995 2001 / 2004 12
  • 13. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Germany City-Point Stadt-Galerie Stadt-Galerie Location Kassel Passau Hameln Investment 100% 75.0% 100% Lettable space sqm 28,300 27,600 26,000 Parking 220 500 500 Number of shops approx. 60 approx. 90 approx. 100 Occupancy rate 100% 100% 100% Catchment area approx. 0.8 m. inhabitants approx. 0.7 m. inhabitants approx. 0.4 m. inhabitants Opening/refurbishm. 2002 / 2009 2008 2008 13
  • 14. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Europe Galeria Bałtycka City Arkaden Árkád Location Gdansk, Poland Klagenfurt, Austria Pécs, Hungary Investment 74.0% 50.0% 50.0% Lettable space sqm 48,600 36,900 36,900 Parking 1.050 880 880 Number of shops approx. 195 approx. 120 approx. 120 Occupancy rate 100% 100% 93% Catchment area approx. 1.1 m. inhabitants approx. 0.4 m. inhabitants approx. 1.0 m. inhabitants Opening/refurbishm. 2007 2006 2004 14
  • 15. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Europe Galeria Dominikanska Location Wroclaw, Poland Investment 33.3% Lettable space sqm 32,900 Parking 900 Number of shops approx. 100 Occupancy rate 99% Catchment area approx. 1.0 m. inhabitants Opening/refurbishm. 2001 15
  • 16. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Our Tenants1) 1) selection of our well known tenants 16
  • 17. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Tenants Structure Top 10 Tenants1) Low level of dependence on the top 10 tenants Metro Group 6.0% Douglas Group 4.4% H&M 2.7% New Yorker 2.3% 1) in % of total rents as at 31 Dec 2011 Deichmann 1.9% Peek & Cloppenburg 1.9% C&A 1.7% REWE 1.6% Inditex Group 1.4% Esprit 1.4% Other tenants Total 25.3% Total 74.7% 17
  • 18. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Maturity Distribution of Rental Contracts1)  Long-term contracts guarantee rental 2012: 3% income 2017 et sqq: 2013: 2%  Weighted 69% maturity 2014: 8% 7.4 years 2015: 8% 1) as % of rental income as at 31 December 2011 2016: 10% 18
  • 19. 08.2012 COMPANY PRESENTATION SHOPPING CENTERS Sector and Retailer Mix1) non-food/ electronics Balanced sector 21% department stores and retailer 11% diversification food 7% health & beauty 6% catering 4% inter-/national retailers fashion services 47% 1) as % of rental income as at 50% 1% 31 December 2011 local entrepreneurs 29% regional retail chains 24% 19
  • 20. 08.2012 COMPANY PRESENTATION FINANCIALS Key Figures H1 2012 € million 01.01.-30.06.2012 01.01.-30.06.2011 Change Revenue 104.5 91.1 15% Net operating income 93.6 81.5 15% EBIT 91.2 78.4 16% Net finance costs -42.1 -38.8 -9% Valuation result -1.9 -0.8 EBT 47.2 38.8 22% Consolidated profit 32.6 27.2 20% FFO per share 0.90 0.74 22% EPRA Earnings per share 0.66 0.54 22% € million 30.06.2012 30.06.2011 31.12.2011 Total equity 1,434.6 1,502.7 1,473.1 Interest bearing debt 1,515.5 1,362.1 1,472.1 Other debt (incl. Deferred taxes) 293.8 145.4 279.9 Total assets 3,243.9 3,010.2 3,225.1 Equity ratio 44.2% 49.9% 45.7% LTV ratio 48% 47% 47% 20
  • 21. 08.2012 COMPANY PRESENTATION FINANCIALS Loan Structure1) Principle amounts Share of avg. Interest lockin Duration (€ thousand) total loan interest rate Up to 1 year 192,928 12.8% 3.26% 1 to 5 years 3.22 424,855 28.2% 4.85% 5 to 10 years 8.36 698,860 46.5% 4.33% Over 10 years 12.48 187,623 12.5% 4.15% Total 20121) 6.84 1,504,268 100.0% 4.32% 6.00 8  Banks: 1) as of 30 June 2012 7 22 German and 5.50 1 Austrian 5.50 5.36 5.33 5.27 6 5.03 5  Weighted maturity 5.00 4 of fixed interest periods 4.59 3 6.8 years 4.50 4.32 2 1 4.00 0 1) 2006 2007 2008 2009 2010 2011 2012 yrs % Durchschnittszinssatz 21
  • 22. 08.2012 COMPANY PRESENTATION FINANCIALS Refinancings of 20121) in € thousand new old +/- Principle amounts 104,322 104,320 +0,002 Duration 10.0yrs 2.0yrs +8.0yrs Interest rate 3.02% 5.83% -2.81% Maturities until 20161) end of fixed interest regular periods respectively avg. interest redemption total in € thousand expiring loans rate payments maturities 1) as of 30 June 2012 2012 17,100 5.82% 11,690 28,790 2013 177,900 3.75% 19,770 197,670 2014 12,000 5.07% 20,850 32,850 2015 78,600 5.06% 19,450 98,050 2016 170,700 5.43% 16,160 186,860 22
  • 23. 08.2012 COMPANY PRESENTATION FINANCIALS Valuation1) – Investment Properties 2011 Discounted cash-flow method 2010 2011 actual expected yield of 10-year Macro-location 40.0% German federal bonds 4.44% 4.34% 1.41% 2) Competitive environment 12.8% average applied risk premiums 2.21% 2.34% Micro-location 19.2% average discount rate 6.65% 6.68% Property quality 8.0% average property operating Tenants risk 20.0% and management costs 11.70% 11.80% net initial yield (EPRA) 5.89% 5.92% 6.68 6.80 6.65 6.68 6.56 6.54 6.44 6.38 5.82 5.89 5.92 5.64 5.48 5.46 5.39 5.40 1) External appraisers: Feri Research and GfK GeoMarketing 2) Status: 9 August 2012 2004 2005 2006 2007 2008 2009 2010 2011 discount rate net initial yield Sensitivity analysis in € thousand Basis change of -25bps change of +25bps Rent increase rates 1.70% -106,300 111,700 Discount rate 6.68% 98,100 -93,300 Net initial yield 5.92% 138,000 -126,800 Cost ratio 11.80% 9,000 -9,000 23
  • 24. 08.2012 COMPANY PRESENTATION FINANCIALS Forecast REVENUE €m 207-211 190.0 178-182 127.6 144.2 115.3 95.8 174-178 +20% +11% +13% +32% +10% +2% CAGR1): +19% EBIT €m 177-181 165.7 151-155 110.7 124.0 98.1 147-151 77.2 +27% +13% +12% +34% +8% +3% CAGR1): +21% 1) Compound Annual Growth Rate EBT WITHOUT VALUATION (CAGR) 2007-2011 €m 2) incl. at-equity consolidation scenario 94-97 98-101 3) at-equity consolidation 86.5 4) incl. dilution 54.9 63.9 48.7 38.9 +25% +13% +16% +36% +10% +4% 1 2 3 4 5 6 7 CAGR1): +22% FFO PER SHARE €m 1.70-1.74 1.76-1.80 1.38 1.40 1.40 1.61 1.12 +23% +1% +0% +15% +7% +3% CAGR1)4): +9% 2007 2008 2009 2010 2011 20122) 2012 20133) 2013 24
  • 25. 08.2012 COMPANY PRESENTATION SHOPPING CENTER SHARES Dividend & Performance Dividend1) Share price2) 28.98 30.53 1.20 28.08 30.00 24.30 24.80 1.15 23.73 23.50 23.67 1.10 1.10 25.00 1.10 19.26 16.88 1.05 1.05 1.05 1.05 20.00 1.05 1.00 15.00 1.00 0.96 0.96 0.96 0.95 10.00 0.90 5.00 1) respectively paid for the previous 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2) financial year 2012: as of 10 August 2012 3) as of 31 Dec. 2011 4) German government bonds index PERFORMANCE3) DES DAX EPRA REX4) 1 year (2011) -14.4% -14.7% 3 years +16.4% = +5.2% p.a. +7.0% p.a. 5 years +9.1% = +1.8% p.a. -2.2% p.a. Since IPO (2001) +104.8%= +6.7% p.a. -0.8% p.a. +4.7% p.a. +5.9% p.a. 25
  • 26. 08.2012 COMPANY PRESENTATION SHOPPING CENTER SHARES Shareholder Structure1)  9,900 shareholders  Free float 85.0% Otto Family Private 15.0% UK 9% Investors 1) Status: 1 August 2012 29.7% BlackRock 3.0% FR 7% Hertie Foundation 3.0% Germany 61% US 5% NL 4% BE 3% NO 3% Institutional Investors CH 2% 49.3% Other 6% 26
  • 27. 08.2012 COMPANY PRESENTATION SHOPPING CENTER SHARES Analysts‘ Consensus1) avg. / in € 2012 2013 EBIT (€ million) 180.1 181.3 Status: 8 August 2012 FFO per share 1.70 1.78  27 analysts: one of the EPS 1.82 1.84 best covered real estate Dividend 1.15 1.22 companies in Europe2) Price target 28.69 Sell Underperform Neutral Outperform Buy  Green Street  ABN Amro  Aurel  Kempen & Co  Commerzbank  Berenberg Bank Advisors  Credit Suisse  Baader Bank  Kepler Capital  Close Brothers  ING  Natixis  Bankhaus Lampe Markets Seydler  Societe Generale  Petercam Bank  Bank of America  Oddo  Metzler Merrill Lynch  Rabobank  M.M. Warburg 1) aggregated by DES  Deutsche Bank  Silvia Quandt 2) according to EPRA survey 3/2012  DZ Bank Research  Equinet  UBS  Hamburger Sparkasse  HSBC 100% 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 27 04 04 04 05 05 05 05 06 06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12 positive neutral negative
  • 28. 08.2012 COMPANY PRESENTATION SHOPPING CENTER SHARE 10 Reasons to Invest 1. The only public company in Germany to invest solely in shopping centers 2. Prime locations 3. Proven, conservative strategy 4. Stable cash flow with long term visibility 5. Shareholder-friendly dividend policy 6. Experienced management team 7. Excellent track record 8. Centers almost 100% let 9. Inflation-protected rental agreements 10.Solidity combined with growth potential 28
  • 29. 08.2012 COMPANY PRESENTATION APPENDIX Key Data of the Share Listed since 02.01.2001 Nominal capital €51,631,400.00 Outstanding shares 51,631,400 Class of shares Registered shares 1) Dividend 2011 €1.10 52W High €31.40 52W Low €22.91 Share price (10.08.2012) €30.53 Market capitalisation €1.58 billion 1) paid on 22.June 2012 avg. turnover per day last 12 months (XETRA) 145,600 shares MDAX, EPRA, GPR, MSCI Small Cap, Indices EURO STOXX, STOXX Europe 600 Prime Standard Official market Frankfurt and XETRA Berlin-Bremen, Dusseldorf, Hamburg, OTC market Hanover, Munich and Stuttgart ISIN DE 000 748 020 4 Ticker DEQ, Reuters: DEQGn.DE Market maker Close Brothers Seydler 29
  • 30. 08.2012 COMPANY PRESENTATION APPENDIX Retail turnover H1 2012* % change rent-to-sales % of % of Retail sector in 2011 ratio in % sales space Department stores -0.1 6.0 8.7 15.6 Food +2.3 6.4 9.8 6.3 Fashion textiles -0.8 11.2 27.0 34.4 Shoes & leather goods -1.3 13.4 5.2 6.5 Sports +6.3 8.0 4.3 4.8 Health & Beauty +3.5 7.1 10.6 5.7 General Retail -1.2 10.0 10.9 11.7 * German centers on a like-for-like basis Electronics -1.8 2.8 15.0 9.4 Services +1.4 4.8 4.2 1.5 Food catering +1.8 13.4 4.2 4.1 Total +0.3 8.2 100.0 100.0 30
  • 31. 08.2012 COMPANY PRESENTATION APPENDIX Purchasing Power Maps 31
  • 32. 08.2012 COMPANY PRESENTATION APPENDIX Our partner: ECE  ECE develops, plans, builds, leases and manages large commercial real estate in the sectors shopping, office, industries since 1965  originally ECE was an abbreviation for the German word Einkaufscenterentwicklung (Shopping center development)  100% privately owned by the Otto family  active in 16 European countries  European market leader in the shopping center business  Assets under management: – 183 shopping centers – 6 million sqm overall sales area – approx.17,500 retail businesses – €19 billion in annual sales MANY INVESTORS RELY ON ECE: 32
  • 33. 08.2012 COMPANY PRESENTATION APPENDIX Environment  Climate protection is one of the most important issues for Deutsche EuroShop. We believe that sustainability and profitability, the shopping experience and environmental awareness are not opposing forces. Long-term thinking is part of our strategy. This includes playing our part in environmental protection.  In 2011, all our German shopping centers had contracts with suppliers that use regenerative energy sources such as hydroelectric power for their electricity needs. The “EnergieVision” organisation certified the green electricity for our centers in Germany with the renowned “ok-power” accreditation in 2011. We plan to switch the centers in other countries to green electricity as well in the next few years.  The German centers used a total of around 59.4 million kWh of green electricity in 2011. This represented 100% of the electricity requirements in these shopping centers, which also used 1.1 kWh less than in the previous year. As a result, based on conservative calculations this meant a reduction of around 23,400 tonnes in carbon dioxide emissions – this equates to the annual CO2 emissions of around 1,060 two-person households. We have already reduced the energy consumption of our shopping centers by using heat exchangers and energy-saving light bulbs.  Deutsche EuroShop, through its shopping centers, also supports a range of activities at local and regional level in the areas of ecology, society and economy. 33
  • 34. 08.2012 COMPANY PRESENTATION APPENDIX Financial Calendar 2012 14.08. Interim report H1 2012 27.09. Baader Investment Conference, Munich 16.08. Roadshow Edinburgh, M.M. Warburg 09.10. ExpoREAL, Munich Kempen & Co. 17.10. Roadshow Brussels, ING 04.–05.09. German Property Seminar, Berlin Bank of America Merrill Lynch 17.10. Roadshow Zurich, Deutsche Bank 05.09. pre-EPRA Event, Berlin 18.10. Roadshow Geneva, Deutsche Bank 06.–07.09. EPRA Annual Conference, Berlin 13.11. Nine-month report 2012 13.09. Roadshow Amsterdam, Rabo 15.11. Roadshow Paris, Metzler 18.09. Roadshow Helsinki/Stockholm, Berenberg 19.09. Roadshow Copenhagen, equinet UniCredit Kepler 26.09. German Investment Conference, Munich 34
  • 35. 08.2012 COMPANY PRESENTATION APPENDIX Contact Deutsche EuroShop AG Investor & Public Relations Oderfelder Straße 23 20149 Hamburg Tel. +49 (40) 41 35 79 - 20 / -22 Fax +49 (40) 41 35 79 – 29 Claus-Matthias Böge Chief Executive Officer E-Mail: ir@deutsche-euroshop.com Web: www.deutsche-euroshop.com ir-mall.com facebook.com/euroshop flickr.com/desag Olaf G. Borkers Chief Financial Officer slideshare.net/desag This presentation is a FSC certified product. twitter.com/des_ag youtube.com/DeutscheEuroShop Important Notice: Forward-Looking Statements Statements in this presentation relating to future status or circumstances, including Patrick Kiss statements regarding management’s plans and objectives for future operations, sales and Head of Investor & Public Relations earnings figures, are forward-looking statements of goals and expectations based on estimates, assumptions and the anticipated effects of future events on current and developing circumstances and do not necessarily predict future results. Many factors could cause the actual results to be materiallydifferent from those that may be expressed or implied bysuch statements. Deutsche EuroShop does not intend to update these forward-looking statements and does Nicolas Lissner 35 not assume any obligation to do so. Manager Investor & Public Relations