DES_3M_2022

DES_3M_2022_E

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG Letter from the Executive Board DEAR SHAREHOLDERS, DEAR READERS, KEY CONSOLIDATED FIGURES After two financial years overshadowed by the pandemic, we are con- fident that 2022 will be impacted to a much lesser extent. We expect 2022 to be a transition year on the way to a new normal – operation- ally as well as in terms of how we deal with the coronavirus. Reliable in € million Revenue Net operating income (NOI) forecasts are hard to make, however, given the uncertainty caused by EBIT the war in Ukraine. EBT (excluding measurement gains / losses 1) In March 2022, we saw encouraging relaxations of coronavirus reg- EPRA 2 earnings ulations in our foreign markets. In Poland, the Czech Republic and Hungary, there are currently almost no restrictions. The mask man- date was also abolished there, although it was reintroduced in Aus- FFO Consolidated profit tria at the start of March. In Germany, the situation has been largely relaxed throughout the country since the beginning of April; masks in € are now only mandatory on local public transport and in old people’s EPRA 2 earnings per share homes and hospitals. In terms of footfall, the first quarter was, as expected, up signifi- cantly on the same quarter of the previous year (+100 %), which had been affected by prolonged periods of lockdown. Compared with the first quarter of 2019, prior to the pandemic, visitor numbers were at approximately 70 %. People are enjoying the regained shopping free- dom and the return of a certain normality. They are returning to the city centers, shopping malls and stores. FFO per share Earnings per share Weighted number of no-par- value shares issued in € million Equity 3 Liabilities Total assets Our tenant revenue averaged about 83 % of 2019 levels in the first quarter. For the collection ratio, the ratio of incoming payments to rent and ancillary cost receivables from tenants, we again registered Equity ratio in % 3 LTV ratio in % 4 almost the usual normal level for agreed incoming payments (99 %). LTV ratio (pro rata) in % 4 01.01. – 31.03.2022 01.01. – 31.03.2021 52.1 40.4 39.3 33.4 31.3 31.3 24.5 51.9 32.5 31.4 23.7 23.1 22.5 22.3 01.01. – 31.03.2022 01.01. – 31.03.2021 0.51 0.51 0.40 0.37 0.36 0.36 + / - 0.3 % 24.0 % 24.9 % 40.8 % 35.5 % 39.1 % 9.9 % + / - 37.8 % 41.7 % 11.1 % 61,783,594 61,783,594 0.0 % 31.03.2022 31.12.2021 2,408.9 2,377.8 1,892.0 1,901.0 4,300.9 4,278.8 56.0 29.7 32.4 55.6 30.5 33.3 + / - 1.3 % -0.5 % 0.5 % These are encouraging developments in our operating business. Cash and cash equivalents 356.6 328.8 8.4 % These developments are also reflected in the key financial figures for the first quarter. While revenue increased only slightly (+0.3 %) to €52.1 million, net operating income (€40.4 million, +24.0 %) and EBIT (€39.3 million, +24.9 %) rose significantly compared with the prior-year quarter, as we had to recognise significantly lower write-downs on 1 Including the share attributable to joint ventures and associates accounted for using the equity method 2 European Public Real Estate Association 3 Including third-party interests in equity 4 Loan-to-value ratio (LTV ratio): ratio of net financial liabilities (financial liabilities less cash and cash equivalents) to non-current assets (investment properties and finan- cial investments accounted for using the equity method). The LTV ratio (pro rata) is calculated on the basis of the Group’s share in the subsidiaries and joint ventures. 01

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG rental receivables. Our earnings before taxes and measurement We remain optimistic and consider Deutsche EuroShop to be solidly gains / losses (EBT excluding measurement) climbed by 40.8 % to positioned. We are used to change and know how to deal with it. The €33.4 million, while EPRA earnings were up by 35.5 % to €31.3 mil- repercussions of the coronavirus pandemic will continue to preoccupy lion. Likewise, FFO adjusted for measurements and special effects us for quite some time. We would be delighted if you stayed the course amounted to €31.3 million, which was 39.1% above the prior-year level. with us and we thank you for your trust. Group liquidity has increased from €328.8 million to €356.6 million since year-end 2021. We wish our board member Wilhelm Wellner, who is currently taking a break for health reasons, a speedy recovery and look forward to his For the current financial year, we expect FFO of €1.95 to €2.05 per return in the fourth quarter. share. Compared with the time before coronavirus, we have made somewhat more cautious assumptions regarding rent defaults and, Hamburg, May 2022 in this forecast, predict that the pandemic situation can be brought under control in the long term without further store closures or sig- nificant restrictions on center operations. The war in Ukraine may have a negative impact on consumer behaviour, supply chains and ultimately our business. This has not yet been reflected in our fore- cast, as the potential impact cannot be estimated at present. Olaf Borkers RESULTS OF OPERATIONS 01.01. – 31.03.2022 01.01. – 31.03.2021 in € thousand Revenue Operating and administrative costs for property Write-downs and derecognition of receivables NOI Other operating income Other operating expenses EBIT At-equity proﬁt / loss Measurement gains / losses (at equity) Deferred taxes (at equity) At-equity (operating) profit / loss Interest expense Profit / loss attributable to limited partners Other financial gains or losses Financial gains or losses (excl. measurement gains / losses) EBT (excl. measurement gains / losses) Measurement gains / losses Measurement gains / losses (at equity) Measurement gains / losses (including at-equity profit / loss) Taxes on income and earnings Deferred taxes Deferred taxes (at equity) Deferred taxes (including at equity) CONSOLIDATED PROFIT 52,061 -8,245 -3,457 40,359 1,693 -2,773 39,279 7,120 -9,095 -3,943 13 -5,905 33,374 -3,447 -2,113 -3,272 24,542 6,917 231 -28 -3,216 -231 -3,300 28 4,388 357 11 2,843 -357 -2,635 -11 02 Change + / - 157 -746 8,411 7,822 909 -895 7,836 2,364 1,110 -1,650 11 1,835 9,671 51,904 -7,499 -11,868 32,537 784 -1,878 31,443 4,756 -10,205 -2,293 2 -7,740 23,703 2,486 -1,221 -5,933 -892 -2,646 22,322 -626 2,220 in % 0.3 -9.9 70.9 24.0 115.9 -47.7 24.9 49.7 10.9 -72.0 550.0 23.7 40.8 - -73.1 -23.7 9.9

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG Revenue at previous year’s level In contrast to the previous year, which was significantly affected by EBIT significantly higher than in previous year Earnings before interest and taxes (EBIT) at €39.3 million were well store closures ordered by the authorities, all our tenants were able above the figure for the previous year (€31.4 million), mainly as a to open their stores in the first three months of 2022. The rental result of the higher rental concessions granted in the previous year concessions granted for the closure phases in the first quarter of for the closure periods. 2021 are mainly reflected in the prior-year item “Write-downs and derecognition of receivables” and only to a small extent in reve- nue. As a result, revenue of €52.1 million was roughly on a par with the previous year. The protective measures still in place in the first Improvement in financial gains / losses excluding measurement effects At €-5.9 million, financial losses (excluding measurement effects) quarter of 2022 and the continued effects of the coronavirus pan- improved year on year (previous year: €-7.7 million). demic – such as defaults by tenants who got into payment diffi- culties, lower revenue-linked rents, longer post-rental periods At-equity (operating) earnings increased year on year by €2.4 mil- and higher vacancy rates – mean that revenue remains far off its lion to €7.1 million, due in particular to higher write-downs on rent pre-pandemic levels. Center operating costs above previous year Center operating costs of €8.2 million in the reporting period, mainly receivables and revenue shortfalls as a result of the coronavirus. The interest expenses of Group companies were reduced by a fur- ther €1.1 million. In addition to scheduled repayments, the refinanc- ing terms agreed at lower interest rates for the Billstedt-Center and comprising center management fees, non-apportionable ancillary the City-Galerie Wolfsburg had a particularly positive effect here. costs, land taxes, building insurance and maintenance, increased The share of earnings attributable to limited partners increased by year on year by 9.9 %. This was due to higher vacancy-related, €1.7 million to €3.9 million due to the improved EBIT. non-apportionable ancillary costs. Decline in write-downs The write-downs and derecognition of receivables in the previous EBT (excluding measurement gains / losses) up significantly The improvement in EBIT and at-equity profit / loss plus the further reduction in interest expenses caused EBT (excluding measurement year took into account the major part of the agreed and expected gains / losses) to jump from €23.7 million to €33.4 million (+40.8 %). rental concessions implemented to mitigate the economic conse- quences of the far-reaching store closures at the beginning of 2021. Furthermore, in both the prior-year quarter and in the first quarter of 2022, receivables at risk of default had to be written down and Measurement gains / losses of the previous year positively influenced by one-off effect The measurement gain of €2.5 million in the previous year also receivables had to be derecognised due to insolvency. Overall, write- included the upward revaluation of an undeveloped and currently downs and derecognition of receivables decreased from €11.9 mil- unused piece of land in the amount of €4.0 million resulting from the lion to €3.5 million compared with the previous year. receipt of an initial purchase offer. In the first quarter of 2022, the Other operating income and expenses Other operating income, stemming primarily from the reversal of provisions, from income from rental receivables for which impair- ment losses had been recognised in previous years and from measurement gain only included investment costs incurred by our portfolio properties (including the at-equity portion). Taxes on income and earnings Taxes on income and earnings rose to €2.1 million (previous year: additional payments with respect to ancillary costs, amounted €1.2 million) as a result of the improvement in earnings. Deferred to €1.7 million, representing an increase on the previous year. At taxes resulting mainly from the systematic amortisation of the tax €2.8 million, other operating expenses, which mainly comprised balance sheet values of our real estate assets amounted to €3.3 mil- general administrative costs and personnel costs, were higher than lion (previous year: €2.6 million). in the same period of the previous year, due in particular to higher consultancy costs. EPRA earnings and consolidated profit higher than previous year EPRA earnings, which exclude measurement gains / losses, recov- ered to €31.3 million or €0.51 per share, in particular as a result of the previous year’s higher write-downs on rental receivables. At €24.5 million, consolidated profit was €2.2 million higher than the previous year (€22.3 million) and earnings per share increased from €0.36 to €0.40. 03

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG EPRA EARNINGS Development of funds from operations (FFO) Funds from operations (FFO) are used to finance our ongoing invest- ments in portfolio properties, scheduled repayments on our long- 01.01. – 31.03.2022 01.01. – 31.03.2021 term bank loans and as the basis for the distribution of dividends. in € thousand per share in € in € thousand per share in € Significant non-recurring effects that are not part of the Group’s operating activities are eliminated in the calculation of FFO. FFO Consolidated profit 24,542 0.40 22,322 0.36 increased from €22.5 million to €31.3 million or from €0.36 to €0.51 per share. 3,447 0.06 -2,486 -0.04 FUNDS FROM OPERATIONS Measurement gains / losses on investment properties 1 Deferred tax adjust- ments pursuant to EPRA 2 Weighted number of no-par-value shares issued EPRA EARNINGS 31,261 0.51 23,126 3,272 0.05 3,290 0.05 0.37 01.01. – 31.03.2022 01.01. – 31.03.2021 in € thousand per share in € in € thousand per share in € 61,783,594 61,783,594 Consolidated profit 24,542 0.40 22,322 0.36 Including the share attributable to equity-accounted joint ventures and associates 1 2 Relates to deferred taxes on investment properties and derivative financial instruments Measurement gains / losses on investment properties 1 Deferred taxes 1 3,447 3,272 0.06 0.05 -2,486 2,646 FFO 31,261 0.51 22,482 -0.04 0.04 0.36 Weighted number of no-par-value shares issued 61,783,594 61,783,594 1 Including the share attributable to equity-accounted joint ventures and associates RE VENUE in € million EBIT in € million EBT * in € million FFO PER SHARE in € 51.9 52.1 0.51 39.3 31.4 33.4 0.36 23.7 0.3% 24.9% 40.8% 41.7% 3M 2021 3M 2022 3M 2021 3M 2022 3M 2021 3M 2022 3M 2021 3M 2022 * excluding measurement gains / losses 04

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG FINANCIAL POSITION AND NET ASSETS NET ASSETS AND LIQUIDIT Y The collection ratio, representing the ratio of incoming payments to rent and service charge receivables from tenants, showed the fol- The Deutsche EuroShop Group’s total assets increased slightly lowing movements in each individual month in 2021 up to the end of compared with the last reporting date, rising by €22.1 million to April 2022 as a result of the coronavirus (adjustments from agreed €4,300.9 million. rent reductions already taken into account): COLLEC TION R ATIO * in % Q1 2021 89% Q2 2021 93% Q3 2021 99% Q4 2021 98% Q1 2022 99% Q2 2022 90 89 88 92 91 95 99 99 100 99 100 96 100 100 96 96 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr * after rent reductions The improved collection ratio meant that the Group’s receivables (after write-downs) decreased by €3.0 million to €19.7 million (previ- Liabilities As at 31 March 2022, current and non-current financial liabilities ous year: €22.8 million). The Group’s liquidity improved by €27.7 mil- stood at €1,499.6 million, €2.5 million lower than at the end of 2021, lion to €356.6 million compared with the last reporting date. due to scheduled repayments. Our negotiations with banks for the Equity ratio of 56.0 % The equity ratio (including the shares of third-party shareholders) upcoming refinancing in 2022 and 2023 are at an advanced stage. We regularly exchange information with our banks on the potential impact of the pandemic-related business closures and their after-ef- was 56.0 %, almost unchanged from the previous reporting date fects on our financial ratios and loan covenants. As at 31 March (55.6%) and still at a very solid level. 2022, all loan covenants were met. Non-current, deferred tax liabilities increased by €4.7 million to €337.7 million due to further additions. Other current and non- current liabilities and provisions decreased by €11.1 million. 05

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG REPORT ON EVENTS AFTER THE REPORTING DATE On 20 April 2022, the Supervisory Board of Deutsche EuroShop AG, on the status of his recovery, the exact date of Mr Wellner’s expected Hamburg, revoked the appointment of CEO Wilhelm Wellner at his return may be subject to change. Mr Wellner’s previous duties will request for a limited period until 30 September 2022. Mr Wellner be carried out in the meantime by the other member of the Execu- had previously informed the Supervisory Board that he would be tive Board, Olaf Borkers. unable to perform his duties as a member of the Executive Board for health reasons, at least for the period indicated. In view of Mr Well- No further significant events occurred between the reporting date ner’s expected return to the Executive Board, the Supervisory Board of 31 March 2022 and the date on which the financial statements also resolved to reappoint him effective 1 October 2022. Depending were prepared. OUTLOOK EXPECTED RESULTS OF OPERATIONS AND FINANCIAL POSITION Dividend planning The Executive Board, together with the Supervisory Board, has resolved to propose to the (virtual) Annual General Meeting sched- Following an on-target first-quarter performance, we are confirm- uled for 23 June 2022, the payment of a dividend of €1.00 per share ing our guidance for financial year 2022 with funds from operations for financial year 2021. (FFO) of €1.95 to €2.05 per share (2021: €1.98). RISKREPORT Since the beginning of the financial year, economic uncertainties have increased significantly due to the war in Ukraine and the coro- navirus-related lockdowns in China. It is not possible to make quan- tifiable estimates at the moment. We are monitoring these devel- opments on an ongoing basis and will adjust our assessment of future business performance where necessary. There have been no significant changes to information provided in the risk report of the combined management report as at 31 December 2021 (see Annual Report 2021, p. 19 et seq.). We do not believe that the Com- pany currently faces any risks capable of jeopardising its contin- ued existence. 06

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG CONSOLIDATED BALANCE SHEET ASSETS in € thousand ASSETS Non-current assets Intangible assets LIABILITIES 31.03.2022 31.12.2021 in € thousand 31.03.2022 31.12.2021 EQUITY AND LIABILITIES Equity and reserves 51,755 51,751 Subscribed capital Property, plant and equipment 233 244 Capital reserves Investment properties 3,393,554 3,393,554 Retained earnings Investments accounted for using the equity method 456,878 455,341 Total equity Non-current assets 3,902,420 3,900,890 Current assets Trade receivables Other current assets Cash and cash equivalents Current assets 19,742 22,166 22,763 26,298 356,556 328,839 398,464 377,900 Non-current liabilities Financial liabilities Deferred tax liabilities 61,784 61,784 1,217,560 1,217,560 812,825 783,522 2,092,169 2,062,866 1,158,729 1,264,748 337,701 333,037 Right of redemption of limited partners 316,693 314,914 Other liabilities 17,911 23,995 Non-current liabilities 1,831,034 1,936,694 Current liabilities Financial liabilities Trade payables Tax liabilities Other provisions Other liabilities Current liabilities 340,879 237,366 4,663 1,060 9,232 21,847 5,345 196 10,120 26,203 377,681 279,230 TOTAL ASSETS 4,300,884 4,278,790 TOTAL EQUITY AND LIABILITIES 4,300,884 4,278,790 07

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG CONSOLIDATED INCOME STATEMENT STATEMENT OF COMPREHENSIVE INCOME in € thousand Revenue Property operating costs Property management costs Write-downs and disposals of financial assets Net operating income (NOI) Other operating income Other operating expenses Earnings before interest and taxes (EBIT) Share in the profit or loss of associates and joint ventures accounted for using the equity method Interest expense Profit / loss attributable to limited partners Interest income Financial gains / losses Measurement gains / losses Earnings before tax (EBT) Taxes on income and earnings CONSOLIDATED PROFIT Earnings per share (€) 01.01. – 31.03.2022 01.01. – 31.03.2021 in € thousand Consolidated profit 01.01. – 31.03.2022 01.01. – 31.03.2021 24,542 22,322 52,061 -5,610 -2,635 -3,457 40,359 1,693 -2,773 51,904 -4,697 -2,802 -11,868 32,537 784 -1,878 39,279 31,443 Items which under certain condi- tions in the future will be reclas- sified to the income statement: Actual share of the profits and losses from instruments used to hedge cash flows Deferred taxes on changes in value offset directly against equity Total earnings recognised directly in equity TOTAL PROFIT Share of Group shareholders 6,125 -2,491 -1,364 561 4,761 29,303 29,303 -1,930 20,392 20,392 6,917 -9,095 -3,943 13 -6,108 -3,216 29,955 -5,413 24,542 0.40 4,388 -10,205 -2,293 2 -8,108 2,843 26,178 -3,856 22,322 0.36 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY in € thousand 01.01.2021 Total profit Dividend payments 31.03.2021 01.01.2022 Total profit Dividend payments Number of shares outstanding Share capital Capital reserves Other retained earnings Statutory reserve Cash flow hedge reserve Total 61,783,594 61,784 1,217,560 742,183 2,000 -20,281 2,003,246 0 0 0 0 22,322 0 0 0 -1,930 20,392 0 0 61,783,594 61,784 1,217,560 764,505 2,000 -22,211 2,023,638 61,783,594 61,784 1,217,560 799,657 2,000 -18,135 2,062,866 0 0 0 0 24,542 0 0 0 4,761 29,303 0 0 31.03.2022 61,783,594 61,784 1,217,560 824,199 2,000 -13,374 2,092,169 08

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG CONSOLIDATED CASH FLOW STATEMENT in € thousand Consolidated profit Income taxes Financial gains / losses Amortisation /depreciation of intangible assets and property, plant and equipment with a finite life Unrealised changes in fair value of investment property and other measurement gains / losses Distributions and capital repayments received Changes in trade receivables and other assets Changes in current provisions Changes in liabilities Cash flow from operating activities Interest paid Interest received Income taxes paid Net cash flow from operating activities Outflows for the acquisition of investment properties Outflows for the acquisition of intangible assets and property, plant and equipment Cash flow from investing activities Outflows from the repayment of financial liabilities Outflows from the repayment of lease liabilities Payments to limited partners Cash flow from financing activities Net change in cash and cash equivalents Cash and cash equivalents at beginning of period CASH AND CASH EQUIVALENTS AT END OF PERIOD SEGMENT REPORTING 01.01. – 31.03.2022 01.01. – 31.03.2021 24,542 5,413 6,108 15 3,216 5,380 6,979 -888 -4,973 45,792 -9,495 13 -1,074 35,236 -3,500 -9 -3,509 -2,106 -25 -1,879 -4,010 27,717 328,839 356,556 22,322 3,856 8,108 37 -2,843 2,267 -5,122 -1,026 -3,476 24,123 -10,112 2 -80 13,933 -1,247 -35 -1,282 -34,544 -22 -38 -34,604 -21,953 266,030 244,077 Segment reporting by Deutsche EuroShop AG is carried out on the To assess the contribution of the segments to the individual perfor- basis of internal reports that are used by the Executive Board to mance indicators as well as to the Group’s performance, the income, manage the Group. Internal reports distinguish between shopping expenditure, assets and liabilities of the joint ventures are included centers in Germany (“domestic”) and other European countries in internal reporting in proportion to the Group’s share in them. Sim- (“abroad”). ilarly, for subsidiaries in which the Group is not the sole shareholder, income, expenditure, assets and liabilities are only consolidated in As the Group’s main decision-making body, the Deutsche proportion to the corresponding Group share. This results in the EuroShop AG Executive Board first and foremost assesses the per- segments being divided as follows: formance of the segments based on revenue, EBIT and EBT exclud- ing measurement gains / losses. The measurement principles for segment reporting correspond to those of the Group. 09

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG BREAKDOWN BY SEGMENT in € thousand Revenue (01.01. – 31.03.2021) EBIT (01.01. – 31.03.2021) EBT excl. measurement gains / losses (01.01. – 31.03.2021) Germany Abroad Total Reconciliation 44,717 (46,701) 34,132 (28,953) 26,991 (21,180) 11,176 (8,956) 9,958 (6,028) 8,300 (3,683) 55,893 (55,657) 44,090 (34,981) 35,291 (24,863) -3,832 (-3,753) -4,811 (-3,538) -1,917 (-1,160) Segment assets (31.12.2021) of which investment properties (31.12.2021) 3,089,267 (3,079,136) 2,866,680 (2,866,680) 722,803 (719,686) 677,468 (677,468) 3,812,070 (3,798,822) 3,544,148 (3,544,148) 488,814 (479,968) -150,595 (-150,594) 01.01. – 31.03.2022 52,061 (51,904) 39,279 (31,443) 33,374 (23,703) 31,03,2022 4,300,884 (4,278,790) 3,393,553 (3,393,554) The adjustment of the proportionate consolidation of the joint ven- OTHER DISCLOSURES tures and subsidiaries in which the Group does not own a 100 % stake is carried out in the reconciliation column. Deferred tax liabili- ties are considered by the Executive Board of Deutsche EuroShop AG Responsibility statement by DES Executive Board To the best of my knowledge, and in accordance with the applicable cross-segmentally and are therefore included in the reconciliation reporting principles for interim financial reporting, the interim con- column for segment liabilities. The goodwill from the acquisition of solidated financial statements give a true and fair view of the assets, Olympia Brno has thus been allocated to the reconciliation column of liabilities, financial position and profit or loss of the Group, and the the segment assets. The reconciliation column also contains the com- interim management report of the Group includes a fair review of panies that are not allocated to either of the two segments (Deutsche the performance of the business, including the operating results and EuroShop AG, DES Management GmbH, DES Beteiligungs GmbH & the position of the Group, together with a description of the principal Co. KG). opportunities and risks associated with the expected performance of the Group for the remainder of the financial year. In view of the geographical segmentation, no further information pur- suant to IFRS 8.33 is given. Hamburg, 12 May 2022 Olaf Borkers 10

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG THE SHOPPING CENTER SHARE KEY SHARE DATA After closing the year 2021 at €14.64, the Deutsche EuroShop share Sector / industry group Financial services / real estate Share capital on 31.03.2022 €61,783,594.00 61,783,594 €1.00 €14.64 €16.72 €14.02 /€18.53 €1.0 billion Frankfurt and Xetra Berlin, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart SDAX, EPRA, GPR 250, EPIX 30, MSCI Small Cap, HASPAX, F.A.Z.-Index DE 000748 020 4 DEQ, Reuters: DEQGn.DE started the first weeks of 2022 with a positive trend, climbing to €18.36 by 17 February 2022. In the following days, the stock fell in connection with the uncertain situation in Ukraine, as well as the subsequent invasion by Russia, which began on 24 February 2022. It reached its lowest price in the year-opening quarter on 7 March 2022 at €14.02. Subsequently, the DES share ticked upwards again, Number of shares on 31.03.2022 (no-par-value registered shares) Dividend for 2021 (proposed) Share price on 30.12.2021 reaching its high for the period of €18.53 on 29 March 2022, and Share price on 31.03.2022 closing the first quarter at €16.72. This equates to a performance Low / high for the period under review of 14.2 % for the reporting period. The SDAX fell by 13.2 % over the same period. Deutsche EuroShop’s market capitalisation stood at €1.0 billion as at the end of the reporting period. 1 Unless otherwise specified, all information and calculations are based on Xetra clos- ing prices. Market capitalisation on 31.03.2022 Prime Standard OTC markets Indices ISIN Ticker symbol DEUTSCHE EUROSHOP VS SDA X AND EPRA COMPARISON, JANUARY TO MAY 2022 indexed, base of 100, in % 125 120 115 110 105 100 95 90 85 80 75 January February March April May EPRA SDAX Deutsche EuroShop 11

3M 2022 / Quar terly statement as at 31 March 2022 Deutsche EuroShop AG FINANCIAL CALENDAR 2022 12.05. Quarterly statement 3M 2022 WOULD YOU LIKE ADDITIONAL INFORMATION? 19.05. Kempen European Property Seminar, Amsterdam Then visit us online or call us: 23.06. Annual General Meeting, Hamburg 29.06. UniCredit Kepler Cheuvreux Pan-European Patrick Kiss and Nicolas Lissner Real Estate Conference, Paris 11.08. Half-year Financial Report 2022 25.08. Montega HIT Hamburg Investor Day, Hamburg Phone: Fax: E-Mail: +49 (0)40 - 41 35 79 20 /-22 +49 (0)40 - 41 35 79 29 ir@deutsche-euroshop.de 08.09. Commerzbank Oddo BHF Corporate Conference, Internet: www.deutsche-euroshop.com / ir Frankfurt 19.09. Berenberg and Goldman Sachs German Corporate Conference, Munich 19.-23.09. Baader Investment Conference, Munich 20.10. Société Generale The Pan-European Real Estate Conference, Paris 10.11. Quarterly statement 9M 2022 23.11. DZ BANK Equity Conference, Frankfurt Our financial calendar is updated continuously. Please check our website for the latest events www.deutsche-euroshop.com/ir Nicolas Lissner and Patrick Kiss Forward-looking statements This quarterly statement contains forward-looking statements Rounding and rates of change Percentages and figures stated in this report may be subject to based on estimates of future developments by the Executive Board. rounding differences. The sign used to indicate rates of change is The statements and forecasts represent estimates based on all of based on economic considerations: improvements are marked with the information available at the current time. If the assumptions on a plus sign (+), deteriorations with a minus sign (-). which these statements and forecasts are based do not materialise, the actual results may differ from those currently forecast. 12