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/ / / 4 DES Interim Report, Q1 2012 Roadshows and conferences We presented our preliminary results for the 2011 financial year in detail at our press and analysts’ conference in Frankfurt on 9 March 2012. These were also our number one topics of conversation in the two weeks that fol- lowed both at the Kempen Property Seminar in New York where we had numerous meetings scheduled with North American investors as well as at road shows in Hamburg, Munich, Amsterdam, London, Paris and Zurich. We also gave investors tours of our Hamburg and Wuppertal centers. 2012 Annual Report We published our 2011 Annual Report on 27 April 2012. The motto of that report was “From clicks to bricks” and it offered a truly col- ourful blend of information on the topics of shopping and real estate. For the first time we divided the report into two parts: a magazine and a financial report. Both can be downloaded from our website at www.deutsche-euroshop.de/ir and are also available as an online report and in e-paper format. The printed edition will be sent out during the second half of May. Award for our IR work Deutsche EuroShop succeeded in defending its second place rank- ing in the MDAX category at “BIRD 2011” (Beste Investor Relations Deutschlands – Germany’s Best Investor Relations) and also came in second place in the overall assessment of 160 companies from the DAX, MDAX, SDAX and TecDAX. For the ninth time, “Börse Online” used the BIRD 2011 questionnaire to look into the question of how private investors feel about how well the IR departments of Germany’s large listed corporations keep them informed. As in past years, the focus of this study was on the credibility and comprehensibility of corporate communications. Coverage Twenty-eight financial analysts regularly follow Deutsche EuroShop’s business performance and also publish studies including concrete invest- ment recommendations. The French investment bank Oddo & Cie took up coverage of our share on 30 March 2012. It issued a “neutral” rec- ommendation with a price target of € 28.00. The majority of the invest- ment recommendations are currently positive (15), with nine analysts adopting a neutral position and four issuing negative opinions (as at 8 May 2012). A list of analysts and current reports can be found at www.deutsche-euroshop.de/ir. Report on Events after the Balance Sheet Date No further significant events occurred between the balance sheet date of 31 March 2012 and the date of preparation of the financial statements. Risk Report There have been no significant changes since the beginning of the finan- cial year with regard to the risks associated with future business develop- ment. We do not believe the Company faces any risks capable of jeop- ardising its continued existence. The information provided in the risk report of the consolidated financial statements as at 31 December 2011 is therefore still applicable. Key share data Sector / industry group Financial Services / Real Estate Share capital on 30 September 2011 D 51,631,400.00 Number of shares on 31 March 2012 (no-par value registered shares) 51,631,400 Dividend 2011 (proposal) D 1.10 Share price on 30 December 2011 D 24.80 Share price on 30 March 2012 D 26.45 Low / high in the period under review D 23,72 / D 27,14 Market capitalisation on 30 March 2012 D 1,4 billion Prime Standard Frankfurt und Xetra OTC trading Berlin-Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart Indices MDAX, EPRA, GPR 250, EPIX 30 MSCI Small Cap, EURO STOXX, STOXX Europe 600, HASPAX, F.A.Z.-Index ISIN DE 000748 020 4 Ticker symbol DEQ, Reuters: DEQGn.DE AnalystS number 12 10 8 6 4 2 0 Sell Below average Above average BuyHold

DES Q1 2012 e

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