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/ / / 9 DES Interim report for the first half of 2012 CONSOLIDATED CASH FLOW STATEMENT in € thousand 01.01. – 30.06.2012 01.01. – 30.06.2011 Profit after tax 32,578 27,210 Expenses / income from the application of IFRS 3 308 -8,051 Profit / loss attributable to limited partners 9,497 7,491 Depreciation of property, plant and equipment 19 14 Expenses from investment activities to be allocated to the cash flow 0 8,338 Other non-cash income -411 0 Deferred taxes 11,957 10,121 Operating cash flow 53,948 45,123 Changes in receivables* 12,598 154,769 Changes in current provisions 100 -1,781 Changes in liabilities -2,370 -3,255 Cash flow from operating activities 64,276 194,856 Payments to acquire property, plant and equipment / investment properties -5,190 -41,935 Expenses from investment activities to be allocated to the cash flow* 0 -8,338 Payments to acquire shareholdings in consolidated companies and business units 0 -148,375 Inflows / outflows to / from the financial assets 719 508 Cash flow from investing activities -4,471 -198,140 Changes in interest-bearing financial liabilities 43,354 73,911 Payments to Group shareholders -56,795 -56,795 Payments to third-party shareholders -19,312 -9,771 Cash flow from financing activities -32,753 7,345 Net change in cash and cash equivalents 27,052 4,061 Cash and cash equivalents at beginning of period 64,408 65,784 Currency-related changes 0 18 Cash and cash equivalents at end of period 91,460 69,863 * The purchase price including the ancillary acquisition costs (€ 156.7 million) for the acquisition of the Billstedt-Center Hamburg was recognised in the cash flow from operating activities in 2010. In order to achieve a meaningful cross-period presentation of this transaction, changes connected with the initial consolidation are recognised gross in the previous year’s figures.

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