rn / Hamburg, 9. April 2003. The Deutsche EuroShop AG announces after today's Supervisory Board meeting a result from ordinary activities of € 24.8 million in fiscal year 2002. This corresponds to an increase in relation to the previous year (€ 18.1 millions) of 37%. The prognosticated result of € 22.1 millions could be exceeded by the amount of € 2.7 millions (+ 12%). The balance sheet profit of € 30 millions will be used again in total for the payment of a tax-free dividend. On the basis of this result, the management and the Supervisory Board will propose to the Annual General Meeting on 18. June 2003 in Frankfurt a constant dividend of € 1.92 per share.
Group sales were more than doubled from € 22.7 millions to € 46.5 millions in relation to the previous year. The EBITDA could be trebled from € 8.9 millions to € 37 millions and the EBIT increased from € -3 millions in the previous year to € 15.4 millions. Management intends to fully invest the liquidity reserve of  € 72 millions into further shoppingcenter participations until the end of this year.

The Executive