DES GB2015 Englisch

€1.35 Dividend proposal for the FY 2015 DIVIDEND RISING YEAR BY YEAR The Executive and Supervisory Boards will once again propose a €0.05 increase in the dividend payment (€1.35 per share) for the 2015 finan- cial year to the Annual General Meeting on 15 June 2016 in Hamburg. With our long-term strategy of a dividend policy based on con- tinuity and a yield of 3.3% (based on the 2015 year-end closing price of €40.46), we hope to cement further the confidence of our existing shareholders and attract new investors. Further increasing the divi- dend by €0.05 per share each year, as is intended, should also help to achieve this. As a result, €1.40 per share is to be paid out in 2017 for financial year 2016. SHARE PRICE AND DIVIDEND SINCE IPO 0,0 0,3 0,6 0,9 1,2 1,5 10 20 30 40 50 0.96 0.96 0.96 0.96 1.00 1.05 1.05 1.05 1.05 1.10 1.10 1.20 1.25 1.30 1.35* 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 * proposal ** Price on 15 April 2016 16.88 15.50 19.26 23.73 28.08 23.50 24.30 23.67 28.98 24.80 31.64 31.83 40.46 41.01** 36.20 Share price in € Dividend in € 1.50 1.25 1.00 0.75 0.50 0.25 0 50 40 30 20 10 Tax situation regarding the dividend Dividends that are paid to shareholders domiciled in Germany are subject to German income or corporation tax. Since 2009, the uniform flat-rate tax rate for private investors is 25% plus a solidarity surcharge. Exceptions can be made under certain conditions for dividend payments that are considered equity repayments for tax purposes (distribution from EK04, or from the tax contribution account since 2001). The Deutsche EuroShop dividend meets some of these conditions. Pursuant to Art. 20, para. 1 (1) (3) of the Income Tax Act, the dividend payment represents partially non-taxable (i.e. not subject to taxation) income for shareholders. However, following the revised legislation, distributions have been taxable since 2009 as profits from the sale of shares acquired after 31 December 2008 are taxable. In this case, the dividend distributions reduce the acquisition cost of the stake in Deutsche EuroShop and therefore result in higher sales proceeds at the time of the sale. www.shoppingcenter.ag Im Einkauf liegt der Gewinn INVESTOR RELATIONS 94 Deutsche EuroShop AG Annual Report 2015 0.961.001.05 1.051.10 1.201.251.301.35*

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