DES_3M_2023

DES_3M_2023_E

Q U A R T E R L Y S T A T E M E N T A S A T 3 1 M A R C H 2 0 2 3 Key consolidated figures Letter from the Executive Board 01.01. – 31.03.2023 01.01. – 31.03.2022 in % 67.8 54.5 57.4 45.5 44.2 44.2 26.5 52.1 40.4 39.3 33.4 31.3 31.3 24.5 0.62 0.62 0.37 0.51 0.51 0.40 30.2 35.1 46.2 36.4 41.2 41.2 8.2 in % 21.6 21.6 – 7.5 71,081,386 61,783,594 15.0 31.03.2023 31.12.2022 in % 2,661.30 2,042.20 4,703.50 56.6 29.3 30.3 404.5 13.6 9.5 11.8 2,343.40 1,864.70 4,208.10 55.7 30.3 33.1 334.9 20.8 DEAR SHAREHOLDERS, DEAR READERS, In the first quarter of financial year 2023, Deutsche EuroShop achieved pleasing results, both strategically and operationally. On the one hand, acquisitions of shares in shopping centers led to significant portfolio growth and an improvement in key performance indicators. On the other, our operating business continued to make positive progress based on a noticeable recovery in customer footfall and tenant turnover in our shop- ping centers. We have optimised Deutsche EuroShop’s portfolio structure by increasing our stakes in six shopping centers from 75% to 100%. With this, we have also strengthened our financial profile, which will benefit us in the con- text of future financing measures and will also improve our ability to pay dividends. The share acquisitions continue to bolster our flexibility with regard to possible future portfolio adjustments. We financed these share acquisitions by means of a capital increase with subscription rights against cash and non-cash contributions. We raised €315.6 million by issuing 14,680,725 new shares at a ratio of 21:5 and a subscription price of €21.50 per share. €304.1 million was used to acquire shares, while €11.5 million of the proceeds from the issue are available for a possible future acquisition of additional minority interests. This portfolio optimisation has significantly improved our key perfor- mance indicators. But even without the share acquisitions, the operating performance trended higher. Our rental income increased like-for-like by 3.9%. The sales of DES’ tenant partners continued to develop favourably and reached 97.5% of 2019 levels in the first quarter. Adjusted for infla- tion, a trend towards more targeted visits to our shopping centers with increased sales per center guest can be seen. The collection ratio, the ratio of incoming payments to rent and ancillary cost receivables from tenants, had already normalised in the previous quarters, meaning that we will refrain from explicitly reporting on this key figure in future. Nevertheless, we have to thoroughly come to terms with the long-term consequences of the pandemic, the continued growing importance of online retail and changing shop concepts, and find future-oriented solu- tions together with our asset manager and tenant partners. Our portfolio saw insolvencies of large and small textile retailers, shoe chain stores in € 01.01. – 31.03.2023 01.01. – 31.03.2022 in € million Revenue Net operating income (NOI) EBIT EBT (excluding measurement gains / losses1) EPRA 2 earnings FFO Consolidated profit EPRA 2 earnings per share FFO per share Earnings per share Weighted number of no-par-value shares issued 6 in € million Equity 3 Liabilities Total assets Equity ratio in % 3 LTV ratio in % 4 EPRA 2 LTV in % 5 Cash and cash equivalents 1 Including the share attributable to equity-accounted joint ventures and associates 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 financial investments accounted for using the equity method). 5 EPRA loan-to-value ratio (EPRA LTV): ratio of net debt (financial liabilities and lease liabilities less cash and cash equivalents) to property assets (investment properties, owner-occupied properties, intangible assets and other assets (net)). Net debt and real estate assets are calculated on the basis of the Group’s share in the subsidiaries and joint ventures. 6 The number of no-par value shares issued for the first quarter of 2023 takes into account, on a time-weighted basis, the capital increase against cash and non-cash contributions carried out at the beginning of 2023 and entered in the Commercial Register on 3 February 2023, as a result of which the number of Deutsche EuroShop AG shares in circulation increased from 61,783,594 to 76,464,319 no-par value shares.

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG and a department store chain, among others. At the same time, expansive concepts are looking to increase their rental space and foreign retailers are planning to enter the German market. The retail trade is constantly changing – as it has always done. Some details on the results: Revenue increased by 30.2% to €67.8 mil- lion, and net operating income (€54.5 million, +35.1%) and EBIT (€57.4 mil- lion, +46.2%) rose significantly compared with the same quarter of the previous year, also because we had to recognise significantly lower write-downs on rent receivables. Our earnings before taxes and meas- urement gains / losses (EBT excluding measurement gains / losses) climbed by 36.4% to €45.5 million, while EPRA earnings were up by 41.2% to €44.2 million. FFO adjusted for valuation and special effects rose by equal measure (€44.2 million, +41.2%). Group liquidity increased from €334.9 million to €404.5 million since year-end 2022. For the current financial year, we expect FFO of €2.00 to €2.10 per share. As a dividend for 2022, we intend to propose €2.50 per share at the Annual General Meeting to be held in Hamburg on 29 August 2023. I thank you for the confidence you have placed in us. Hamburg, May 2023 Hans-Peter Kneip Acquisition of minority interests On 12 January 2023, the Deutsche EuroShop Group acquired a further shares in six property companies in which it already held an interest of between 50% and 75%. Specifically, this involved the following companies: Property company Allee-Center Magdeburg KG, Hamburg Stadt-Galerie Passau KG, Hamburg Saarpark Center Neunkirchen KG, Hamburg Immobilienkommanditgesellschaft FEZ Harburg, Hamburg Einkaufs-Center Galeria Baltycka G.m.b.H. & Co. KG, Hamburg Forum Wetzlar KG, Hamburg 1. 2. 3. 4. 5. 6. Group share Before acquisition Acquisition 2023 After acquisition 50% 75% 50% 50% 74% 65% 50% 25% 40% 25% 26% 35% 100% 100% 90% 75% 100% 100% These acquisitions were financed through a capital increase against When describing the results of operations, financial position and net cash and non-cash contributions. As a result of the acquisition of addi- assets of the Group, information is also provided below on the basis of tional shares, four property companies previously accounted for using a comparable group (pro-forma) if this serves to improve comparability the equity method were fully included in the consolidated financial state- with the same quarter of the previous year. The comparable group was ments for the first time with economic effect from 1 January 2023. These prepared under the assumption that the acquisition of the six property are the four companies listed first in the table above (we refer to the companies had already taken place at the beginning of 2022. corresponding explanations in the Annual Report 2022 on p. 168 ff.). A comparison with the previous year is only possible to a limited extent due to the change in the scope of consolidation. 2

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG Results of operations 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 01.01. – 31.03.2023 01.01.-31.03.2022 67,785 -10,633 -2,632 54,520 4,740 -1,828 57,432 2,224 -10,688 -3,805 371 -11,898 45,534 -14,190 -1,368 -3,429 26,547 2,204 6 14 -14,184 -6 -3,415 -14 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 + / - 15,724 -2,388 825 14,161 3,047 945 18,153 -4,896 -1,593 138 358 -5,993 12,160 -10,743 745 -157 2,005 Change in % 30.2 -29.0 23.9 35.1 180.0 34.1 46.2 -68.8 -17.5 3.5 2,753.8 -101.5 36.4 -311.7 35.3 -4.8 8.2 Revenue up 3.9% on like-for-like basis Revenue rose by €15.7 million (+30.2%) compared to the same period in coronavirus pandemic in the same quarter of the previous year had an especially significant impact here, necessitating higher write-downs of the previous year. The majority of the increase (€13.2 million) is attribut- receivables at risk of default as well as insolvency-related write-offs. able to fact that the four companies previously accounted for at-equity were included in full for the first time. The remaining increase of €2.5 mil- lion (+3.9%) reflects the increase in turnover compared to the previous year on a like-for-like basis. Other operating income and expenses Other operating income – stemming primarily from the reversal of pro- visions, from income from rent receivables for which impairment losses had been recognised in previous years and from additional payments Operating center expenses as a percentage of revenue on a par with the previous year The operating center expenses of €10.6 million during the reporting with respect to ancillary costs – amounted to €4.7 million, up the previous year (pro-forma +€2.8 million). At €1.8 million, other operating expenses, which mainly comprised general administrative costs and personnel period, mainly comprising center management fees, non-apportionable costs, were lower year over year, in particular due to higher consultancy ancillary costs, land taxes, building insurance and maintenance, were costs in the previous year. on a par with the previous year in terms of their percentage of revenue (15.7% compared to 15.8%). EBIT significantly higher than in previous year Earnings before interest and taxes (EBIT) at €57.4 million were signifi- Decline in write-downs Write-downs and the derecognition of receivables decreased compared cantly higher than in the previous year (€39.3 million), due largely to the acquisition of the minority interests. But even in pro-forma comparison, to the previous year by €0.8 million (23.9%). In relation to the compa- the EBIT of €8.2 million was 16.7% above the previous year, particularly rable group (pro forma), write-downs and the derecognition of receiv- due to lower write-downs. ables were reduced by €1.9 million (42.4%). The ongoing effects of the 3

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG Financial gains / losses excluding measurement effects below previous year EPRA earnings and consolidated profit higher than previous year At €-11.9 million, financial losses (excluding measurement gains / losses) EPRA earnings, which exclude measurement gains / losses, improved were €6.0 million lower than in the previous year (€-5.9 million). The significantly by €12.9 million or €0.11 per share due to the acquisition of at-equity result (operating) decreased by €4.9 million to €2.2 million, owing minority interests. However, there was also an increase of €8.3 million in chiefly to the change in the scope of consolidation. The interest expense of pro-forma comparison, in particular due to the higher write-downs on rent Group companies increased by €1.6 million. This was affected not only by receivables in the previous year. At €26.5 million, consolidated profit was the change in the scope of consolidation, but also by the increased inter- €2.0 million higher than in the previous year (€24.5 million) and earnings est rate and loan amount in connection with the follow-up financing for the per share fell from €0.40 to €0.37 due to the higher weighted number of Main-Taunus-Zentrum. no-par-value shares issued. EBT (excluding measurement gains / losses) up sharply due to minority purchase EPRA Earnings The acquisition of minority interests led to a significant increase in EBT (excluding measurement gains / losses) from €33.4 million to €45.5 million (+36.4%). In pro-forma comparison, EBT (excluding measurement gains / 01.01. – 31.03.2023 01.01. – 31.03.2022 in € thousand per share in € in € thousand per share in € losses) increased by €7.6 million (+19.9%). Consolidated profit 26,547 0.37 24,542 Measurement gains / losses on investment properties1 Income and expenses from changes in the scope of consolidation 3 Deferred tax adjustments pursuant to EPRA 2 EPRA earnings Weighted number of no-par-value shares issued The measurement result takes into account the effects of the change in the scope of consolidation The measurement result includes €+12.7 million from the effects of the change in the scope of consolidation and €-21.0 million from the ancillary acquisition costs from the purchase of the additional shares, which mainly include the land transfer tax (based on a best estimate). A land transfer tax assessment had not been completed by the date these financial statements were prepared. Furthermore, the measurement result includes investment costs incurred by our portfolio properties (including the at-equity portion). Taxes on income and earnings Taxes on income and earnings fell to €1.4 million (previous year: €2.1 mil- lion) due to the use of tax loss carryforwards. Deferred taxes, result- ing mainly from the systematic amortisation of the tax balance sheet values of our real estate assets, amounted to €3.4 million (previous year: €3.3 million). 5,857 8,333 3,429 44,166 0.08 3,447 0.12 0 0.05 3,272 0.62 31,261 0.40 0.06 0.00 0.05 0.51 71,081,386 61,783,594 1 Including the share attributable to equity-accounted joint ventures and associates 2 Relates to deferred taxes on investment properties and derivative financial instruments 3 Including acquisition costs from the purchase of additional shares Development of funds from operations (FFO) Funds from operations (FFO) are used to finance our ongoing invest- ments in portfolio properties and scheduled repayments on our long- term bank loans, and as the basis for the distribution of dividends. Revenue in € million EBIT in € million EBT * in € million FFO per share in € 67.8 52.1 57.4 39.3 33.4 0.62 0.51 45.5 30.2% 46.2% 36.4% 41.2% 3M 2022 3M 2023 3M 2022 3M 2023 3M 2022 3M 2023 3M 2022 3M 2023 * excluding measurement gains / losses 4

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG Significant non-recurring effects that are not part of the Group’s due to the acquisition of minority interests. Financial liabilities increased operating activities are eliminated in the calculation of FFO. FFO by €6.9 million based on the comparable group. As at 31 March 2023, all increased from €31.3 million to €44.2 million or from €0.51 to €0.62 per loan covenants were met. share, based on a time-weighted number of no-par shares issued. Funds from operations Consolidated profit Measurement gains / losses on investment properties1 Income and expenses from changes in the scope of consolidation 2 Deferred taxes1 FFO Weighted number of no-par-value shares issued 01.01. – 31.03.2023 01.01. – 31.03.2022 in € thousand per share in € 26,547 0.37 in € thousand 24,542 per share in € 0.40 5,857 0.08 3,447 8,333 3,429 44,166 0.12 0.05 0.62 0 3,272 31,261 0.06 0.00 0.05 0.51 71,081,386 61,783,594 1 Including the share attributable to equity-accounted joint ventures and associates 2 Including acquisition costs from the purchase of additional shares Non-current, deferred tax liabilities increased by €2.7 million to €337.1 million due to further additions. Other current and non-current liabilities and provisions increased by €20.4 million. REPORT ON EVENTS AFTER THE REPORTING DATE No further significant events occurred between the balance sheet date of 31 March 2023 and the date of preparation of the financial statements. OUTLOOK Expected results of operations and financial position Following an on-target first-quarter performance, we are confirming our guidance for financial year 2023 with funds from operations (FFO) of €2.00 to €2.10 per share (2022: €2.11). The forecast of FFO per share was based on a time-weighted number of issued shares of 75,137,020 for financial year 2023. Financial position and net assets Net assets and liquidity Dividend planning The Executive Board, together with the Supervisory Board, has resolved The Deutsche EuroShop Group’s total assets increased significantly by to propose to the Annual General Meeting scheduled for 29 August 2023 €495.4 million to €4,703.5 million compared with the last reporting date payment of a dividend of €2.50 per share for financial year 2022. due to the acquisition of minority interests. On a pro-forma basis, the total assets increased by €35.6 million. RISK REPORT Equity ratio of 56.6% Since the beginning of the financial year, there have been no significant The equity ratio (including the shares of third-party shareholders) was changes to the information provided in the risk report of the combined 56.6%, up slightly compared with the last reporting date (55.7%), and management report as at 31 December 2022 (see Annual Report 2022, remains solid. Liabilities As at 31 March 2023, current and non-current financial liabilities stood at €1,633.6 million, which was €154.3 million higher than at the end of 2022 p. 142 onwards). We do not believe that the Company currently faces any risks capable of jeopardising its continued existence. Balance sheet structure in € million Assets Liabilities 4,703.5 453.4 4,208.1 382.9 3,825.2 4,250.1 4,703.5 72.2 4,208.1 59.1 1,805.6 1,970.0 2,661.3 2,343.4 Current assets Non-current assets 2022 2023 2023 2022 Current liabilities Non-current liabilities Equity (including third-party interests) 5

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG CONSOLIDATED BALANCE SHEET Assets in € thousand ASSETS Non-current assets Intangible assets Property, plant and equipment Investment properties Investments accounted for using the equity method Non-current assets Current assets Trade receivables Other current assets Cash and cash equivalents Current assets Total assets Liabilities in € thousand EQUITY AND LIABILITIES Equity and reserves Subscribed capital Capital reserves Retained earnings Total equity Non-current liabilities Financial liabilities Deferred tax liabilities Right of redemption of limited partners Other liabilities Non-current liabilities Current liabilities Financial liabilities Trade payables Tax liabilities Other provisions Other liabilities Current liabilities 31.03.2023 31.12.2022 51,746 406 4,102,947 94,953 4,250,052 16,610 32,348 404,461 453,419 51,748 436 3,329,995 443,069 3,825,248 16,991 30,924 334,943 382,858 4,703,471 4,208,106 31.03.2023 31.12.2022 76,464 793,943 1,506,386 2,376,793 1,626,607 337,065 284,539 6,292 2,254,503 6,987 7,403 619 30,988 26,178 72,175 61,784 494,526 1,479,927 2,036,237 1,464,917 334,404 307,130 6,333 2,112,784 14,334 8,067 474 11,267 24,943 59,085 Total equity and liabilities 4,703,471 4,208,106 6

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG CONSOLIDATED INCOME STATEMENT 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 taxes (EBT) Taxes on income and earnings Consolidated proﬁt Earnings per share (€) STATEMENT OF COMPREHENSIVE INCOME in € thousand Consolidated proﬁt Items which under certain conditions in the future will be reclassiﬁed 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 01.01. – 31.03.2023 01.01. – 31.03.2022 67,785 -7,095 -3,538 -2,632 54,520 4,740 -1,828 57,432 2,204 -10,688 -3,805 371 -11,918 -14,184 31,330 -4,783 26,547 0.37 52,061 -5,610 -2,635 -3,457 40,359 1,693 -2,773 39,279 6,917 -9,095 -3,943 13 -6,108 -3,216 29,955 -5,413 24,542 0.40 01.01. – 31.03.2023 01.01. – 31.03.2022 26,547 -110 22 -88 26,459 26,459 24,542 6,125 -1,364 4,761 29,303 29,303 7

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Number of shares outstanding Share capital Capital reserves 61,783,594 61,784 1,217,560 Other retained earnings 799,657 24,542 0 0 0 61,783,594 61,783,594 14,680,725 76,464,319 0 0 61,784 61,784 0 14,680 0 76,464 1,217,560 824,199 494,526 1,482,264 0 299,417 0 26,547 0 0 Statutory reserve 2,000 0 0 2,000 2,000 0 0 0 Cash ﬂow hedge reserve -18,135 4,761 0 Total 2,062,866 29,303 0 -13,374 2,092,169 -4,337 2,036,237 -88 0 0 26,459 314,097 0 in € thousand 01.01.2022 Total profit Dividend payments 31.03.2022 01.01.2023 Total profit Capital increase Dividend payments 31.03.2023 793,943 1,508,811 2,000 -4,425 2,376,793 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 Acquisition of subsidiaries less acquired cash and cash equivalents Cash ﬂow from investing activities Assumption of financial liabilities Outflows from the repayment of financial liabilities Outflows from the repayment of lease liabilities Payments to limited partners Inflows from capital increases 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 01.01. – 31.03.2023 01.01. – 31.03.2022 26,547 4,783 11,918 34 14,184 1,323 3,430 -1,279 -6,314 54,626 -10,691 371 -1,223 43,083 -7,084 -11 -33,087 -40,182 10,906 -3,986 -20 -2,264 61,981 66,617 69,518 334,943 404,461 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 0 -3,509 0 -2,106 -25 -1,879 0 -4,010 27,717 328,839 356,556 8

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG SEGMENT REPORTING To assess the contribution of the segments to the individual performance indicators as well as to the Group’s performance, the income, expend- Segment reporting by Deutsche EuroShop AG is carried out on the basis iture, assets and liabilities of the joint ventures are included in inter- of internal reports that are used by the Executive Board to manage the nal reporting in proportion to the Group’s share in the same. Similarly, Group. Internal reports distinguish between shopping centers in Germany for subsidiaries in which the Group is not the sole shareholder, income, (“domestic”) and other European countries (“abroad”). expenditure, assets and liabilities are only consolidated in proportion to the corresponding Group share. This results in the segments being As the Group’s main decision-making body, the Executive Board of divided as follows: Deutsche EuroShop AG first and foremost assesses the performance of the segments based on revenue, EBIT and EBT excluding measure- ment gains / losses. The measurement principles for segment reporting correspond to those of the Group. Breakdown by segment in € thousand Revenue (01.01.-31.03.2022) EBIT (01.01.-31.03.2022) EBT excl. measurement gains / losses (01.01.-31.03.2022) Segment assets (31.12.2022) of which investment properties (31.12.2022) Germany 51,672 (44,717) 43,759 (34,132) 35,243 (26,991) 3,346,158 (3,002,022) 3,118,617 (2,797,177) Abroad 13,455 (11,176) 12,407 (9,958) 10,633 (8,300) 780,757 (712,375) 736,534 (676,968) Total 65,127 (55,893) 56,166 (44,090) 45,876 (35,291) 4,126,915 (3,714,397) 3,855,151 (3,474,145) Reconciliation 2,658 (– 3,832) 1,266 (– 4,811) – 342 (– 1,917) 576,556 (493,709) 247,796 (– 144,150) 01.01. – 31.03.2023 67,785 (52,061) 57,432 (39,279) 45,534 (33,374) 31.03.2023 4,703,471 (4,208,106) 4,102,947 (3,329,995) The adjustment of the proportionate consolidation of the joint ventures and subsidiaries in which the Group does not own a 100% stake is carried out in the reconciliation column. Deferred tax liabilities are considered by THE SHOPPING CENTER SHARE the Executive Board of Deutsche EuroShop AG cross-segmentally and are Following a year-end closing price1 of €22.12 in 2022, Deutsche EuroShop therefore included in the reconciliation column for segment liabilities. The shares hit €23.38 on 2 January 2023, their highest level for the period. The goodwill from the acquisition of Olympia Brno has thus been allocated to share price declined after the rights issue was announced on 12 January the reconciliation column of the segment assets. The reconciliation col- 2023. It reached its lowest price in the opening quarter of the year on 28 umn also contains the companies that are not allocated to either of the March 2023 at €18.19, and following a slight recovery closed the first quar- two segments (Deutsche EuroShop AG, DES Management GmbH and DES ter at €19.27. This equated to a performance of -12.9% for the reporting Beteiligungs GmbH & Co. KG). period. The SDAX rose by 10.3% over the same period. Deutsche EuroShop’s market capitalisation stood at €1.5 billion as at the end of the reporting In view of the geographical segmentation, no further information pursu- period. ant to IFRS 8.33 is given. OTHER DISCLOSURES Responsibility statement by DES Executive Board To the best of my knowledge, and in accordance with the applicable reporting principles for interim financial reporting, the interim con- solidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the interim management report of the Group includes a fair review of the perfor- mance of the business, including the operating results and the position of the Group, together with a description of the principal opportunities and risks associated with the expected performance of the Group for the remainder of the financial year. Hamburg, 11 May 2023 Hans-Peter Kneip 1 Unless otherwise specified, all information and calculations are based on Xetra closing prices. Key share data Sector / industry group Share capital on 31.03.2023 Number of shares on 31.03.2023 (no-par-value registered shares) Dividend for 2022 (proposed) Share price on 30.12.2022 Share price on 31.03.2023 Low / high for the period under review Market capitalisation on 31.03.2023 Prime Standard OTC markets Indices ISIN Ticker symbol Financial Services / Real Estate €76,464,319.00 76,464,319 €2.50 €22.12 €19.27 €18.19 / €23.38 €1.5 billion Frankfurt und Xetra Berlin, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart CDAX, EPRA, MSCI Small Cap, HASPAX, Prime All Share Index, Classic All Share Index DE 000748 020 4 DEQ, Reuters: DEQGn.DE 9

3M 2023 / Quarterly statement as at 31 March 2023 Deutsche EuroShop AG Deutsche EuroShop vs SDAX and EPRA comparison, January to May 2023 (indexed, base of 100, in %) 125 120 115 110 105 100 95 90 85 80 75 Januar y Febr uar y Mar c h A pr il May EPRA SDAX Deutsche EuroShop FINANCIAL CALENDAR 2023 11.05. 14.08. 29.08. 18.09. 19.09. 14.11. Quarterly statement 3M 2023 Half-year Financial Report 2023 Annual General Meeting, Hamburg Berenberg and Goldman Sachs German Corporate Conference, Munich Baader Investment Conference, Munich Quarterly statement 9M 2023 Our financial calendar is continuously being updated. Please check our website for the latest events: www.deutsche-euroshop.com/ir. WOULD YOU LIKE FURTHER INFORMATION? Then visit us online or call us: Patrick Kiss and Nicolas Lissner Phone: Fax: E-Mail: Internet: +49 (0)40–41 35 79 20/-22 +49 (0)40–41 35 79 29 ir@deutsche-euroshop.de www.deutsche-euroshop.de/ir. PATRICK KISS AND NICOLAS LISSNER Forward-looking statements This quarterly statement contains forward-looking statements based Rounding and rates of change Percentages and figures stated in this report may be subject to round- on estimates of future developments by the Executive Board. The state- ing differences. The sign used to indicate rates of change is based on ments and forecasts represent estimates based on all of the information economic considerations: improvements are marked with a plus sign (+), available at the current time. If the assumptions on which these state- deteriorations with a minus sign (-). ments and forecasts are based do not materialise, the actual results may differ from those currently forecast. 10