Deutsche EuroShop AG Half-Year Financial Report 2016 - Statement of Changes in Equity/Consolidated Cash Flow Statement/Disclosures

Statement of changes in equity in € thousand Number of shares outstanding Share capital Capital reserves Other retained earnings Statutory reserve Available for sale reserve Cash flow hedge reserve Total 01.01.2015 53,945,536 53,945 961,970 544,025 2,000 -7 -37,591 1,524,342 Total profit 0 0 49,663 0 0 5,090 54,753 Dividend payments -70,129 -70,129 30.06.2015 53,945,536 53,945 961,970 523,559 2,000 -7 -32,501 1,508,966 01.01.2016 53,945,536 53,945 961,970 783,178 2,000 -15 -33,219 1,767,859 Total profit 0 0 48,673 0 0 -5,043 43,630 Dividend payments -72,826 -72,826 30.06.2016 53,945,536 53,945 961,970 759,025 2,000 -15 -38,262 1,738,663 Consolidated cash flow statement in € thousand 01.01. – 30.06.2016 01.01. – 30.06.2015 Profit after tax 48,673 49,663 Profit / loss attributable to limited partners 8,632 8,525 Depreciation of intangible assets and property, plant and equipment 37 45 Unrealised changes in fair value of investment property 3,517 2,017 Net profit and loss from derivatives -1,002 -1,320 Other non-cash income and expenses 854 854 Profit / losses of joint ventures and associates 2,418 -1,105 Deferred taxes 8,827 9,154 Operating cash flow 71,956 67,833 Changes in receivables 4,714 4,708 Changes in current provisions -1,093 -4,771 Changes in liabilities -5,218 -1,187 Cash flow from operating activities 70,359 66,583 Outflows for the acquisition of property, plant and equipment / investment properties -12,068 -2,722 Inflows / outflows to / from financial assets 2,820 -800 Cash flow from investing activities -9,248 -3,522 Outflows from the repayment of financial liabilities 21,459 30,439 Payments to limited partners -9,709 -8,334 Payments to Group shareholders -72,826 -70,129 Cash flow from financing activities -61,076 -48,024 Net change in cash and cash equivalents 35 15,037 Cash and cash equivalents at beginning of period 70,699 58,284 CASH AND CASH EQUIVALENTS AT END OF PERIOD 70,734 73,321 Disclosures REPORTING PRINCIPLES These interim financial statements of the Deutsche EuroShop Group as at 30 June 2016 have been prepared in compliance with IAS 34 (Interim Financial Reporting) in an abridged form. The abridged interim financial state- ments are to be read in conjunction with the consolidated financial statements as at 31 De- cember 2015. The interim financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS). The ac- counting policies applied correspond to those used in the last consolidated financial state- ments as at the end of the financial year. For a detailed description of the methods applied, please refer to the notes to our consolidated fi- nancial statements for 2015 (2015 Annual Re- port, pg. 148 ff.). The new accounting stand- ards and interpretations for which application became compulsory on 1 January 2016 were observed; however, these did not have any ma- terial impact on the presentation of the finan- cial statements. 6 Deutsche EuroShop AG  Half-year Financial Report 2016 H1 01.01.201553,945,53653,945961,970544,0252,000 -7 -37,5911,524,342 Total profit 0049,663005,09054,753 30.06.201553,945,53653,945961,970523,5592,000 -7 -32,5011,508,966 01.01.201653,945,53653,945961,970783,1782,000 -15 -33,2191,767,859 Total profit 0048,67300 -5,04343,630 30.06.201653,945,53653,945961,970759,0252,000 -15 -38,2621,738,663 Profit after tax 48,67349,663 Profit / loss attributable to limited partners 8,6328,525 property, plant and equipment 3745 Unrealised changes in fair value of investment property 3,5172,017 Other non-cash income and expenses 854854 Deferred taxes 8,8279,154 Operating cash flow 71,95667,833 Changes in receivables 4,7144,708 Cash flow from operating activities 70,35966,583 Outflows from the repayment of financial liabilities 21,45930,439 Net change in cash and cash equivalents 3515,037 Cash and cash equivalents at beginning of period 70,69958,284 CASH AND CASH EQUIVALENTS AT END OF PERIOD 70,73473,321

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