DES-HJFB24

DES-HJFB24_E

HALF-YEAR FINANCIAL REPORT AS AT 30 JUNE 2024 KE Y CONSOLIDATED FIGURES LE T TER FROM THE EXECUTIVE BOARD Dear Shareholders, Dear Readers, Deutsche EuroShop’s operating performance in the first half of 2024 was according to plan. Visitor numbers and sales on the part of our tenants con- tinue to trend upwards. We recorded an increase in visitor numbers to our shopping centers of 1.0% compared to the first half of 2023. Our tenants also increased their sales by 1.9%. We currently have extensive construction projects under way at several of our locations. We are making considerable investments in the A10 Center, Main-Taunus-Zentrum, Rhein-Neckar-Zentrum, Stadt-Galerie Hameln and City-Galerie Wolfsburg to further optimise these locations and enhance their appeal. This has resulted in temporary vacancies, contributing to the slight decline in revenue by 1.9% from €135.4 million to €132.8 million. Net operating income (NOI) was also slightly negative (– 1.0%) at €106.4 mil- lion. By contrast, earnings before interest and taxes (EBIT) increased by 7.0% to €107.4 million, while earnings before taxes and measurement gains / losses (EBT excluding measurement gains / losses) rose by 5.6% to €82.1 mil- lion. The prior half year contained one-off effects on earnings from the acquisition of further shares in six property companies. The valuation of our properties remained largely stable in the first half of 2024. Increased investments in the property portfolio resulted in a slight measurement loss of €12.6 million. This constitutes year-on-year improve- ment of €27.2 million, boosting consolidated profit to €59.5 million – up 60.5% on first half of the previous year. in € million Revenue Net operating income (NOI) EBIT 7 EBT (excl. measurement gains / losses 1)7 EPRA 2 earnings FFO Consolidated profit in € EPRA 2 earnings per share 6 FFO per share Earnings per share Weighted number of no-par-value shares issued 6 in € million Equity 3 Liabilities Total assets EPRA 2 NTA EPRA 2 NTA per share in € Equity ratio in % 3 LTV ratio in % 4 EPRA 2 LTV ratio in % 5 Cash and cash equivalents 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D 01.01. – 30.06.2024 01.01. – 30.06.2023 132.8 106.4 107.4 82.1 80.6 79.0 59.5 135.4 107.5 100.4 77.7 87.6 87.5 37.1 01.01. – 30.06.2024 01.01. – 30.06.2023 1.06 1.04 0.78 1.19 1.19 0.50 + /– – 1.9% – 1.0% 7.0% 5.6% – 8.0% – 9.7% 60.5% + /– – 10.9% – 12.6% 56.0% 76,283,452 73,787,722 3.4% 30.06.2024 31.12.2023 + /– 2,284.9 2,175.5 4,460.4 2,326.5 30.57 51.2 35.5 37.3 338.6 2,379.0 – 4.0% 2,081.2 4,460.2 4.5% 0.0% 2,414.4 – 3.6% 31.58 – 3.2% 53.3 33.2 34.8 336.1 0.7% Including the share attributable to equity-accounted joint ventures and associates 1 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): Ratio of net debt (financial liabilities and lease liabilities less cash and cash equivalents) to real estate 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 2023 takes into account, on a time- weighted basis, the capital increase against cash and non-cash contributions car- ried out at the beginning of 2023 and entered in the Commercial Register on 3 Feb- ruary 2023, as a result of which the number of Deutsche EuroShop AG shares in circulation had increased in 2023 from 61,783,594 to 76,464,319 no-par-value shares. Furthermore, treasury shares acquired by 31 December 2023 or 30 June 2024 are taken into account when determining the weighted number. Income and expenses from the change in the scope of consolidation have been reported in the Half-year Financial Report as at 30 June 2023 in measurement gains/losses – in contrast to 31 December 2023, when they were reported under other operating income and expenses. Furthermore, in deviation from 31 December 2023, no deferred taxes were recognised as part of the initial consolidation. The previous year’s figures have been adjusted to the year-end figures, taking deferred taxes into account. 7

2 0 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D BASIC INFORMATION ABOUT THE GROUP GROUP BUSINESS MODEL Deutsche EuroShop is an Aktiengesellschaft (public company) under German law. The Company’s registered office is in Hamburg. Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations. A total of 21 shopping centers in Germany, Austria, Poland, Hungary and the Czech Republic are held in the real estate portfolio. The Group generates its reported revenue from rental income on the spaces it lets in the shopping centers. The shopping centers are held by independent companies, with Deutsche EuroShop holding stakes of 100% in 16 shopping centers and between 50% and 95% in the other five. The operational management of the shop- ping centers is contracted out to external service providers under agency agreements. EPRA earnings adjusted for measurement gains / losses fell by 8.0% from €87.6 million to €80.6 million. Funds from operations (FFO), which are cal- culated excluding measurement gains / losses and non-recurring effects, decreased from €87.5 million to €79.0 million, corresponding to a decrease of 9.7%. In the first half of the previous year, both key figures benefited from one-off income from ancillary cost settlements and the reversal of value adjustments. Since the end of 2023, Group liquidity has climbed from €336.1 million – following the distribution of a dividend of €149.1 million in January of this year – to €338.6 million, partly due to loan increases. At €30.57, EPRA net tangible assets (NTA) per share were 3.2% (€1.01) lower than at the end of 2023 (€31.58) owing to the dividend payment and the increased weighted number of shares. Based on earnings in the first six months, we confirm our forecast for finan- cial year 2024. On the back of this performance coupled with the additional free cash flow from ongoing business operations and the successful conclusion of further loan agreements by subsidiaries, we have resolved to increase the planned dividend of €0.80 per share by €1.80 per share. We will therefore propose to the Annual General Meeting on 29 August 2024 in Hamburg to distribute a dividend of €2.60 per share for financial year 2023, of which €0.22 per share is expected to be subject to capital gains tax. Thank you for the confidence you have placed in us. Hamburg, August 2024 Hans-Peter Kneip The Group managing company is Deutsche EuroShop AG. It is responsible for corporate strategy, portfolio and risk management, financing and com- munication. The Deutsche EuroShop Group has a central structure and lean personnel organisation. The share capital amounted to €76,464,319 as at 30 June 2024 and was com- posed of 76,464,319 no-par value registered shares. As at 30 June 2024, Deutsche EuroShop AG held 359,164 treasury shares, which confer no rights to the Company in accordance with Section 71b of the Aktiengesetz (AktG - German Public Companies Act). The notional value of each share in the share capital is €1.00.

3 0 OBJECTIVES AND STRATEGY ECONOMIC RE VIEW The management focuses on investments in high-quality shopping centers in urban centers and established locations offering the potential for stable, long-term value growth. A key investment target is the generation of high surplus liquidity from leases in shopping centers, of which a significant portion can be paid out to shareholders in the form of an annual dividend. To this end, the Company invests its capital in shopping centers in differ- ent European regions in accordance with the principle of risk diversification. Germany is the main focus of investment. Indexed and revenue-linked com- mercial rents ensure that high earnings targets are achieved. Deutsche EuroShop aims to take advantage of favourable financing con- ditions while maintaining and expanding its pool of lenders and funding sources. The Company has historically financed its investment activities primarily through secured borrowings from various lenders. In order to further diversify its capital and financing structure, especially in a market environment of rising interest rates and a tendency towards stricter credit requirements, the management is looking into expanding the capital and financing structure. Market opportunities for issuing one or more capital market instruments are also being explored and evaluated. As a result and subject to the prevailing market conditions, the Group’s LTV ratio could be increased to a range of 50% to 60%. Depending on the financing instrument, any issue is subject to the condition of an investment grade rating. MANAGEMENT SYSTEM The Executive Board of Deutsche EuroShop AG manages the Group in accordance with the provisions of German company law and with its rules of procedure. The Executive Board’s duties, responsibilities and busi- ness procedures are laid down in rules of procedure and in a schedule of responsibilities. The Group targets shopping centers with sustainable and stable value growth and a high liquidity surplus generated from long-term leases. These parameters are then used to derive relevant management indicators (per- formance indicators), specifically revenue, EBIT (earnings before interest and taxes), EBT (earnings before taxes) excluding measurement gains / losses and FFO (funds from operations). . 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D MACROECONOMIC AND SECTOR-SPECIFIC CONDITIONS According to the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the economic recovery suffered a further setback in the first half of 2024. The latest sentiment and economic indicators for the German economy have softened, with the still subdued uptick in the domestic economy only able to partially offset the ongoing weak foreign demand within the industry. The inflation rate fell slightly to +2.2% in June. In Germany, Deutsche EuroShop’s main market, gross domestic prod- uct (GDP) shrank by 0.1% in the second quarter of 2024 when adjusted for price and calendar effects, after having risen by 0.2% at the start of 2024. In a year-on-year comparison, GDP in the second quarter of 2024 was 0.3% higher than in the second quarter of 2023 on a price-adjusted basis. The unemployment rate at the end of June 2024 was 5.8% (previous year: 5.5%). According to consumer research company GfK, the recovery in consumer sentiment in Germany came to a standstill in June 2024, hampered by mod- erately declining income expectations. The chief contributing factor is the slight increase in the inflation rate in the second quarter of 2024, which is now trending higher than the European Central Bank (ECB) target of around 2%. There is still very little movement in the propensity to buy. According to the information published so far1 by the Federal Statistical Office, German retail sales were largely constant overall in real terms in the first four months of 2024 (rising by 0.2%). Sales in the non-food retail sector recorded a price-adjusted decline of 0.4% compared to the same period in the previous year. Retail sales of textiles, clothing, shoes and leather goods fell by 0.6% in real terms, while online and mail order retail sales were down by 1.5% on a price-adjusted basis in the same period. Real estate consultancy Savills reports that retail properties once again achieved the highest sales among all usage types in the first half of 2024, accounting for 31% of the commercial investment volume and generating a transaction volume of €3.3 billion. This represents an increase of around 22% compared to the prior-year period, which posted a transaction volume of €2.7 billion. The investment market for retail property remains more sta- ble compared to other segments, although the transaction volume in 2024 will be driven by a small number of transactions. There are currently hardly any transactions in shopping centers, either in the prime segment or among centers in need of repositioning – due in part to differing price expectations. 1 Due to IT problems, the Federal Statistical Office has deferred the provision of more current data from the retail sector until the end of August 2024.

4 0 R E S U LT S O F O P E R AT I O N S 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D in € thousand Revenue Operating and administrative costs for property Write-downs and derecognition of receivables NOI Other operating income1 Other operating expenses 1 EBIT At-equity proﬁt / loss Measurement gains / losses (at equity) Deferred taxes (at equity) At-equity (operating) profit / loss Interest expense Profit shares attributable to limited partners Interest income Other financial expenses Financial gains / losses (excl. measurement gains / losses) EBT (excl. measurement gains / losses) Measurement gains / losses Measurement gains / losses (at equity) Measurement gains / losses (including at equity) Taxes on income and earnings Deferred taxes 1 Deferred taxes (at equity) Deferred taxes (including at equity) CONSOLIDATED PROFIT 01.01. – 30.06.2024 01.01. – 30.06.2023 9,213 – 5,071 148 – 17,669 5,071 – 6,771 – 148 132,847 – 22,086 – 4,318 106,443 4,565 – 3,656 107,352 4,290 – 22,770 – 7,105 2,162 –1,876 – 25,299 82,053 5,804 – 1,422 32 – 41,225 1,422 – 12,598 – 3,036 – 6,919 59,500 2,602 – 32 135,355 – 23,037 – 4,810 107,508 25,781 – 32,932 100,357 4,414 – 21,501 – 7,458 1,870 0 – 22,675 77,682 – 39,803 – 3,371 2,570 37,078 + / – – 2,508 951 492 – 1,065 – 21,216 29,276 6,995 – 124 – 1,269 353 292 –1,876 – 2,624 4,371 27,205 335 – 9,489 22,422 Change in % – 1.9 4.1 10.2 – 1.0 – 82.3 88.9 7.0 – 2.8 – 5.9 4.7 15.6 – 5.6 68.3 9.9 – 60.5 1 Income and expenses from the change in the scope of consolidation have been reported in the Half-year Financial Report as at 30 June 2023 in measurement gains / losses – in contrast to 31 December 2023, when they were reported under other operating income and expenses. Furthermore, in deviation from 31 December 2023, no deferred taxes were recognised as part of the initial consolidation. The previous year’s figures have been adjusted to the year-end figures. Revenue down slightly Revenue fell by €2.5 million (– 1.9%) compared to the first half of 2023. The main reasons for this decline included temporary vacancies as a result of investment measures at shopping centers, lower turnover rents and settle- ment payments than in the prior-year period, and isolated decisions not to extend individual leases. Operating center expenses as a percentage of revenue on a par with the previous year Operating center expenses of €22.1 million in the reporting period, mainly comprising center management fees, non-apportionable ancillary costs, land taxes, building insurance and maintenance, were on a par with the previ- ous year in terms of their percentage of revenue (16.6% compared to 17.0%). Fewer write-downs required Write-downs and the derecognition of receivables decreased compared to the previous year by €0.5 million (10.2%) to €4.3 million. Net operating income (NOI) Lower write-downs and property operating and administration costs were unable to fully offset the decline in sales, as a result of which net operating income (NOI) fell by 1.0% to €106.4 million. Other operating income and expenses Other operating income, stemming primarily from the reversal of provi- sions, from income from rental receivables for which impairment losses had been recognised in previous years as well as from additional payments with respect to ancillary costs, amounted to €4.6 million, representing a significant decrease compared with the same period of the previous year (€25.8 million). This was primarily due to income (€16.2 million) from the change in the scope of consolidation as part of the acquisition of additional shares in six property companies at the beginning of the previous year. Other operating expenses, which mainly comprised general administrative costs and personnel costs, fell to €3.7 million. In the previous year, this item also included €29.4 million in expenses in connection with the change in the scope of consolidation. EBIT up 7% At €107.4 million, earnings before interest and taxes (EBIT) were up on the previous year (€100.4 million), driven mainly by the impact on earnings from the change in the scope of consolidation. Net financial income down on first half of previous year At €– 25.3 million, net financial income (excluding measurement gains / losses) was below that of the previous year (€– 22.7 million). Compared to the previous year, interest income improved by €0.3 million to €2.2 million,

5 0 while the interest expense of Group companies increased by €1.3 million. Loan increases for the Stadt-Galerie Passau (already concluded at the end of financial year 2023), the Allee-Center Magdeburg and the Allee-Center Hamm had an impact here. The long-term refinancing and increase in the loan for the Allee-Center Hamm also resulted in other financial expenses in relation to redeeming a swap for the old loan in the amount of €1.9 million. Increase in EBT (excluding measurement gains / losses) Increased EBIT less the reduced net financial income led to overall higher EBT (excluding measurement gains / losses) from €77.7 million to €82.1 mil- lion (+5.6%). Measurement gains / losses shaped by investments Property values remained largely stable in the first half of 2024, resulting in measurement losses of €12.6 million including the increased investments in the real estate portfolio. Of this, €– 17.7 million after minority interests was attributable to the meas- urement of the real estate assets reported by the Group, and €+5.1 million to the measurement of the real estate assets of joint ventures accounted for using the equity method. The changes in market value of the individual real estate values ranged from – 3.6% to +4.4%. The occupancy rate of 94.1% increased slightly versus the last reporting date (– 0.8 percentage points) and thus remained at a high level. Taxes on income and earnings Taxes on income decreased to €– 3.0 million (previous year: €– 3.4 million) as a result of the utilisation of tax loss carryforwards. The expense arising from deferred taxes, resulting mainly from the systematic amortisation of the tax balance sheet values of our real estate assets, amounted to €6.9 million ( previous year: income of €2.6 million). EPRA earnings down slightly due to one-off income in the previous year EPRA earnings, which exclude measurement gains / losses, decreased by €7.0 million or €0.13 per share, in particular due to one-off income from ancillary costs and reversals of write-downs in the previous year. Significantly higher consolidated profit At €59.5 million, consolidated profit was €22.4 million higher than the previous year (€37.1 million) and earnings per share increased from €0.50 to €0.78. 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D E P R A E A R N I N G S 01.01. – 30.06.2024 01.01. – 30.06.2023 in € thousand per share in € in € thousand per share in € Consolidated profit 59,500 0.78 37,078 0.50 Measurement gains / losses on investment properties 1 Income and expenses from changes in the scope of consolidation 3 Deferred tax adjustments pursuant to EPRA 2 12,598 0.17 39,803 0.54 0 0.00 13,177 0.18 8,485 0.11 – 2,450 – 0.03 1.19 EPRA EARNINGS 80,583 1.06 87,608 Weighted number of no-par-value shares issued 76,283,452 73,787,722 Including the share attributable to equity-accounted joint ventures and associates 1 2 Affects deferred taxes on investment properties and derivative financial instruments Including acquisition costs from the purchase of additional shares 3 Development of funds from operations Funds from operations (FFO) are used to finance our ongoing investments in portfolio properties, make scheduled repayments on our long-term bank loans and as the basis for the distribution of dividends. Significant non- recurring effects that are not part of the Group’s operating activities are eliminated in the calculation of FFO. FFO declined from €87.5 million to €79.0 million or from €1.19 to €1.04 per share. F U N D S F R O M O P E R AT I O N S 01.01. – 30.06.2024 01.01. – 30.06.2023 in € thousand per share in € in € thousand per share in € Consolidated profit 59,500 0.78 37,078 0.50 Measurement gains / losses on investment properties 1 Income and expenses from changes in the scope of consolidation 2 Deferred taxes 1 FFO Weighted number of no-par-value shares issued 12,598 0.17 39,803 0.54 0 6,919 0.00 0.09 13,177 – 2,570 79,017 1.04 87,488 0.18 – 0.03 1.19 76,283,452 73,787,722 1 2 Including the share attributable to equity-accounted joint ventures and associates Including acquisition costs from the purchase of additional shares R E V E N U E in € million E B I T in € million E B T 1 in € million 135.4 132.8 100.4 107.4 77.7 82.1 F F O P E R S H A R E in € 1.19 1.04 – 1.9 % 7.0 % 5.6 % – 12.6 % H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 1 excl. measurement gains / losses

6 0 FINANCIAL POSITION AND NE T ASSE TS Net assets and liquidity At €4,460.4 million, the Deutsche EuroShop Group’s total assets were almost unchanged from the last reporting date. Despite the dividend of €149.1 mil- lion paid in January of this year, cash and cash equivalents increased from €336.1 million to €338.6 million. 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D in € thousand Current assets Non-current assets Current liabilities Non-current liabilities Equity (incl. third-party shareholders) TOTAL ASSETS 30.06.2024 367,950 4,092,448 72,676 2,102,867 2,284,855 4,460,398 31.12.2023 368,244 4,091,953 76,427 2,004,723 2,379,047 4,460,197 Change – 294 495 – 3,751 98,144 – 94,192 201 Equity ratio of 51.2% The equity ratio (including the shares of third-party shareholders) of 51.2% decreased compared to the last reporting date (53.3%) due to the distribu- tion of a special dividend for financial year 2022 in the amount of €149.1 mil- lion in January 2024. However, it remains at a healthy level. Liabilities Current and non-current financial liabilities increased to €1,774.0 million as at 30 June 2024 due to the loan increases for the Allee-Center Magdeburg and the Allee-Center Hamm. As at 30 June 2024, all loan covenants were met. B A L A N C E S H E E T S T R U C T U R E Total assets in € million Assets 4,460.2 4,460.4 368.2 368.0 Liabilities 4,460.4 4,460.2 72,7 76.4 Non-current deferred tax liabilities increased by €7.4 million to €339.3 mil- lion due to additional provisions. Other current and non-current liabilities and provisions decreased by €9.5 million. Net tangible assets according to EPRA Net tangible assets (NTA) as at 30 June 2024 were €2,326.5 million, down by €87.9 million on the figure at year-end 2023 (€2,414.4 million) due to the dividend paid at the beginning of the financial year. NTA per share fell accordingly by €1.01 from €31.58 to €30.57 per share (– 3.2%). 2,102.8 2,004.8 E P R A N TA 4,092.0 4,092.4 2,284.9 2,379.0 2023 2024 2024 2023 Current assets Non-current assets Current liabilities Non-current liabilities Equity (including third-party interests) Equity (excl. third-party shareholders) Derivative financial instruments measured at fair value 1 EQUITY EXCL. DERIVATIVE FINANCIAL INSTRUMENTS Deferred taxes on investment properties and derivative financial instruments 1 Intangible assets Goodwill as a result of deferred taxes 30.06.2024 31.12.2023 in € thousand per share in € in € thousand per share in € 2,026,609 26.63 2,119,667 27.72 2,443 0.03 6,427 0.09 2,029,052 26.66 2,126,094 27.81 349,152 – 18 4.59 0.00 340,042 – 23 – 51,719 – 0.68 – 51,719 4.45 0.00 – 0.68 31.58 EPRA NTA 2,326,467 30.57 2,414,394 Number of no-par-value shares issued as at the reporting date 76,105,155 76,455,319 1 Including the share attributable to equity-accounted joint ventures and associates

7 0 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D EPRA loan-to-value ratio (EPRA LTV ratio) The EPRA LTV ratio, which is based on the Group’s proportional share in the joint ventures and subsidiaries, amounted to 37.3% on the reporting date (previous year: 34.8%). E P R A L O A N -T O -VA L U E R AT I O ( E P R A LT V R AT I O) OUTLOOK Economic conditions For 2024, the Kiel Institute for the World Economy (IfW) expects a slight rise in gross domestic product of 0.2%. It states that the initial, moderate economic recovery will be driven primarily by the uptick in exports and private consumption. However, there will be no sustained gain in economic momentum. The ifo Institute expects inflation to decline sharply to 2.2% and unemployment to rise slightly to 5.9%. Over the remainder of the year, the overall economic recovery will gather pace as consumer spending normal- ises. According to the ifo Institute, the purchasing power of private house- holds should continue to increase and demand for goods and services should gradually recover. The IfW expects economic output for 2025 to grow by 1.1% and the inflation rate to settle around 2.0%. It says there are increasing signs that the German economy could emerge from recession. The interest rate turnaround indi- cated by the European Central Bank (ECB) would be an important step in this direction. In June 2024, the ECB cut its key rates by 0.25 percentage points. The IfW projects that the ECB will make two further cuts to interest rates before the end of the year of 0.25 percentage points in each case. This would ease the restrictive effect of prevailing monetary policy, creating improved financing conditions for both companies and private consumers as a result of the key interest rate cuts. After low growth in the previous year, real wages would rise by 3.4% in 2024 – the strongest increase in over 30 years. Follow- ing a decline in the previous year (– 0.7%), private consumption is expected to grow markedly by 0.6% in the current year and by 1.2% in 2025. – 37 – 149 – 1,954 93,715 1,668 – 25 – 5 0 1,638 2.5 30.06.2024 31.12.2023 Change 1,697,361 1,601,506 95,855 255 292 14,266 14,415 Proportional values in € thousand Non-current and current bank loans and overdrafts Owner-occupied property (IFRS 16, lease liability) Other liabilities (net) Cash and cash equivalents – 324,187 – 322,233 NET FINANCIAL DEBT 1,387,695 1,293,980 Investment properties Owner-occupied property (IFRS 16, right-of-use asset) Intangible assets Other assets (net) 3,722,635 3,720,967 261 18 0 286 23 0 PROPERTY ASSETS 3,722,914 3,721,276 EPRA LTV RATIO IN % 37.3 34.8 REPORT ON E VENTS AF TER THE REPORTING DATE The Executive Board of Deutsche EuroShop AG, with the approval of the Supervisory Board, resolved on 8 August 2024 to propose for resolution to the Annual General Meeting convened for 29 August 2024 the payment of a dividend of now €2.60 per share of the company, and thus to increase the amount of €0.80 per share stipulated in the convening notice of the Annual General Meeting published in the Federal Gazette on 17 July 2024 by €1.80. It has been possible to increase the planned amount of the dividend thanks to the additional free liquidity received by the company from ongoing business operations and from the conclusion of further loan agreements by subsidiaries. No further significant events occurred between the balance sheet date of 30 June 2024 and the date of preparation of the financial statements.

8 0 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D Expected results of operations and financial position The first half of 2024 was characterised by operating business that progressed according to plan. We are therefore reiterating our forecast for financial year 2024: • Revenue: €268 – 274 million • Earnings before interest and taxes (EBIT): €204 – 210 million • Earnings before taxes (EBT) excluding measurement gains / losses: €149 – 155 million • Funds from operations (FFO): €146 – 152 million R E V E N U E in € million Earnings 264,7* 51.9 Earnings 273.3 Objective 268 – 274 E B I T in € million Earnings 194.2* 41.8 E B T (excluding measurement gains / losses) in € million F U N D S F R O M O P E R AT O N S ( F F O) in € million Earnings 212.7 Objective 204 – 210 Earnings 169.5 Objective 149 – 155 Earnings 149.6 * 19.4 Earnings 171.3 Objective 146 – 152 Earnings 149.6 * 19.5 212.8 152.4 130.2 130.1 2022 2023 2024 2022 2023 2024 2022 2023 2024 2022 2023 2024 * Pro forma Dividend planning The Executive Board, together with the Supervisory Board, has decided to propose to the Annual General Meeting scheduled for 29 August 2024 in Hamburg the payment of a dividend of €2.60 per share for financial year 2023 (please also refer to the comments in the “Report on events after the reporting date”). RISK REPORT Since the beginning of the financial year, there have been no significant changes to the information provided in the risk report of the combined man- agement report as at 31 December 2023 (see Annual Report 2023, p. 143 onwards). We do not believe that the Company currently faces any risks capable of jeopardising its continued existence.

9 0 CONSOLIDATED BAL ANCE SHEE T Assets in € thousand ASSETS Non-current assets Intangible assets Property, plant and equipment Investment properties Investments accounted for using the equity method 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D 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 Treasury shares Total equity Non-current liabilities Financial liabilities Deferred tax liabilities Liabilities from limited partner contributions of non-controlling interests Other liabilities Non-current liabilities Current liabilities Financial liabilities Trade payables Tax liabilities Other provisions Other liabilities Current liabilities 30.06.2024 31.12.2023 51,736 403 3,943,021 97,288 4,092,448 11,964 17,419 338,567 367,950 51,742 449 3,947,021 92,741 4,091,953 13,419 18,754 336,071 368,244 4,460,398 4,460,197 30.06.2024 31.12.2023 76,464 793,943 1,156,561 – 359 2,026,609 1,760,503 339,335 258,246 3,029 2,361,113 13,539 11,430 17,227 11,403 19,077 72,676 76,464 793,943 1,249,269 – 9 2,119,667 1,665,679 331,918 259,380 7,126 2,264,103 11,921 10,635 19,891 14,459 19,521 76,427 TOTAL EQUITY AND LIABILITIES 4,460,398 4,460,197

0 1 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D 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 Other financial expenses Interest income Financial gains / losses Measurement gains / losses Earnings before taxes (EBT) Taxes on income and earnings CONSOLIDATED PROFIT Earnings per share (€), undiluted and diluted 01.04. – 30.06.2024 01.04. – 30.06.2023 01.01. – 30.06.2024 01.01. – 30.06.2023 (adjusted) 1 66,830 – 7,901 – 3,871 – 2,368 52,690 2,247 – 1,946 52,991 7,146 – 11,553 – 3,459 – 1,876 1,457 – 8,285 – 12,942 31,764 – 4,974 26,790 0.35 67,570 – 9,114 – 3,290 – 2,178 52,988 4,837 – 1,723 56,102 3,600 – 10,813 – 3,653 0 1,499 – 9,367 – 35,374 11,361 – 830 10,531 0.13 132,847 – 14,715 – 7,371 – 4,318 106,443 4,565 – 3,656 107,352 9,213 – 22,770 – 7,105 – 1,876 2,162 – 20,376 – 17,669 69,307 – 9,807 59,500 0.78 135,355 – 16,209 – 6,828 – 4,810 107,508 25,781 – 32,932 100,357 5,804 – 21,501 – 7,458 0 1,870 – 21,285 – 41,225 37,847 – 769 37,078 0.50 1 Income and expenses from the change in the scope of consolidation have been reported in the Half-year Financial Report as at 30 June 2023 in measurement gains / losses – in contrast to 31 December 2023, when they were reported under other operating income and expenses. Furthermore, in deviation from 31 December 2023, no deferred taxes were recognised as part of the initial consolidation. The previous year’s figures have been adjusted to the year-end figures, taking deferred taxes into account. 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 01.04. – 30.06.2024 01.04. – 30.06.2023 01.01. – 30.06.2024 01.01. – 30.06.2023 26,790 10,531 59,500 37,078 2,606 – 418 2,188 28,978 28,978 1,362 – 308 1,054 11,585 11,585 3,984 – 645 3,339 62,839 62,839 1,252 – 286 966 38,044 38,044

1 1 CONSOLIDATED STATEMENT OF CHANGES IN EQUIT Y in € thousand 01.01.2023 Total profit Capital increase Dividend payments 30.06.2023 01.01.2024 Total profit Acquisition of treasury shares Dividend payments 76,464,319 76,464 793,943 1,519,342 76,455,319 76,464 793,943 1,252,635 – 350,164 0 0 0 0 0 0 59,500 – 6,466 – 149,081 Number of shares outstanding 61,783,594 14,680,725 Share capital 61,784 0 14,680 0 Capital reserves Other retained earnings Statutory reserve 494,526 1,482,264 2,000 0 37,078 299,417 0 0 0 Cash ﬂow hedge reserve – 4,337 966 0 0 – 3,371 – 5,366 3,339 0 0 Treasury shares 0 0 0 0 0 – 9 0 – 350 0 Total 2,036,237 38,044 314,097 0 2,388,378 2,119,667 62,839 – 6,816 – 149,081 0 0 0 2,000 2,000 0 0 0 30.06.2024 76,105,155 76,464 793,943 1,156,588 2,000 – 2,027 – 359 2,026,609 CONSOLIDATED CASH FLOW STATEMENT 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D 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 Other non-cash income and expenses 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 Inflows from financial liabilities Outflows from the repayment of financial liabilities Outflows from the repayment of lease liabilities Acquisition of treasury shares Payments to limited partners Payments for the acquisition of additional shares in the limited partnership Inflows from capital increases Payments to Group shareholders 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. – 30.06.2024 01.01. – 30.06.2023 (adjusted) 1 59,500 9,807 20,376 67 17,669 4,666 0 3,063 – 3,056 – 2,373 109,719 – 22,819 2,162 – 3,037 86,025 – 16,445 – 16 0 – 16,461 113,428 – 18,813 – 50 – 6,816 – 5,736 0 0 – 149,081 – 67,068 2,496 336,071 338,567 37,078 769 21,285 55 41,225 3,689 13,177 1,350 – 431 – 10,304 107,893 – 20,427 1,870 – 2,390 86,946 – 16,330 – 7 – 19,455 – 35,792 10,906 – 7,836 – 39 0 – 5,410 – 13,472 61,981 0 46,130 97,284 334,943 432,227 1 The presentation of minority interests in the cash flow statement has been adjusted to the presentation as at 31 December 2023. This mainly relates to the separate disclosure of “Payments for the acquisition of additional shares in the limited partnership”, which were previously presented together with “Acquisition of subsidiaries less acquired cash and cash equivalents”.

2 1 DISCLOSURES REPORTING PRINCIPLES These interim financial statements of the Deutsche EuroShop Group as at 30 June 2024 have been prepared in compliance with IAS 34 (Interim Financial Reporting) in an abridged form. The abridged interim financial statements are to be read in conjunction with the consolidated financial statements as at 31 December 2023. The interim financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS), as applicable in the EU. The accounting policies applied correspond to those used in the last consol- idated financial statements as at the end of the financial year. For a detailed description of the methods applied, please refer to the notes to our consol- idated financial statements for 2023 (Annual Report 2023, p. 168 onwards). The new accounting standards and interpretations for which application became compulsory for the first time on 1 January 2024 were observed; however, these did not have any impact on the presentation of the financial statements. The interim financial statements as at 30 June 2024 have neither been audited in accordance with Section 317 of the Handelsgesetzbuch (HGB – German Commercial Code) nor reviewed by an auditor. The following overview shows the key assumptions used by JLL to determine the market values: VA L U AT I O N PA R A M E T E R in % Rate of rent increases 1 Cost ratio Discount rate Capitalisation interest rate 30.06.2024 31.12.2023 1.46 12.16 7.10 5.64 1.47 12.07 7.10 5.64 1 Nominal rental growth rate in the DCF model over the measurement period of 10 years, taking into account inflation-related rent indexation and changes in the occupancy rate A 25 or 100 bp change in a material parameter (sensitivity analysis) of real estate appraisals would have the following pre-tax impact on measurement gains / losses (including the share attributable to at-equity consolidated companies): S E N S I T I V I T Y A N A LY S I S – VA L U AT I O N PA R A M E T E R S Rate of rent increases Cost ratio Discount rate Basis 1.46 12.16 7.10 Change in parameter + 0.25%-points – 0.25%-points + 1.00%-points – 1.00%-points + 0.25%-points – 0.25%-points + 0.25%-points – 0.25%-points in € million 121.4 – 108.6 – 43.1 43.3 – 65.6 71.6 – 93.3 106.6 in % 3.3 – 2.9 – 1.2 1.2 – 1.8 1.9 – 2.5 2.9 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D DISCLOSURES ON THE CONSOLIDATED BAL ANCE SHEET AND THE CONSOLIDATED INCOME STATEMENT Capitalisation interest rate 5.64 7,10 Investment properties Investment properties performed as follows in the first half of 2024: in € thousand 2024 2023 CARRYING AMOUNT 01.01. 3,947,021 3,351,821 Change in scope of consolidation Change in rental incentives Recognised construction measures Unrealised changes in fair value 0 – 273 16,445 – 20,172 773,000 8,084 43,481 – 229,365 CARRYING AMOUNT 30.06./31.12. 3,943,021 3,947,021 Investment properties (IAS 40) have been measured at fair value. Valuations were performed by the appraiser Jones Lang LaSalle (JLL) as at 30 June 2024, as well as at 31 December 2023. The discounted cash flow method (DCF) was used as at 31 December 2023. Please refer to the explanations on the DCF method in our Annual Report 2023, p. 171 onwards. This was a val- uation method from Level 3 of the fair value hierarchy as set out in IFRS 13. The appraisal showed that for the first half of 2024, the real estate portfolio had a net initial yield before transaction costs of 6.55% compared with 6.64% in financial year 2023, and a net initial yield after transaction costs of 6.17% compared with 6.25% in 2023. The EPRA net initial yield for the first half of 2024 remained unchanged at 5.9%. Financial instruments With the exception of derivative financial instruments and other financial investments measured at fair value, financial assets and liabilities were measured at amortised cost. Due to the predominantly short-term nature of trade receivables, other assets and other liabilities, and cash and cash equivalents, the carrying amounts on the reporting date did not deviate significantly from the fair values. The fair values of financial liabilities measured at amortised cost were equal to the net present value of debt-related payments based on current yield curves (Level 2 under IFRS 13), and amounted to €1,657.6 million as at 30 June 2024 (31 December 2023: €1,555.5 million). The derivative financial instruments measured at fair value were interest rate hedges. Here, the fair value was equivalent to the cash value of future net payments expected to be received from hedging transactions (Level 2 in accordance with IFRS 13) based on current yield curves. Liabilities from interest rate hedges totalled €2.4 million as at 30 June 2024 (31 December 2023: €6.4 million).

3 1 SEGMENT REPORTING Segment reporting by Deutsche EuroShop AG is carried out on the basis of internal reports that are used by the Executive Board to manage the Group. Internal reports distinguish between shopping centers in Germany (“domes- tic”) and other European countries (“abroad”). As the Group’s main decision-making body, the Executive Board of Deutsche EuroShop AG first and foremost assesses the performance of the segments based on revenue, EBIT and EBT excluding measurement gains / losses. The measurement principles for segment reporting correspond to those of the Group. To assess the contribution of the segments to the individual performance indicators as well as to the Group’s performance, the income, expenditure, assets and liabilities of the joint ventures are included in internal reporting in proportion to the Group’s share in the same. Similarly, for subsidiaries in which the Group is not the sole shareholder, income, expenditure, assets and liabilities are only consolidated in proportion to the corresponding Group share. This results in the segments being divided as follows: B R E A K D O W N B Y S E G M E N T in € thousand Revenue (01.01. – 30.06.2023) EBIT (01.01. – 30.06.2023) EBT excl. measurement gains / losses (01.01. – 30.06.2023) Segment assets (31.12.2023) of which investment properties (31.12.2023) Domestic 101,208 (103,470) 81,575 (86,137) 63,794 (70,758) 3,129,842 (3,207,268) 2,977,875 (2,985,707) Abroad 26,932 (26,373) 23,785 (24,911) 20,466 (21,404) 780,648 (770,774) 744,760 (735,260) Total Reconciliation 01.01. – 30.06.2024 128,140 (129,843) 105,360 (111,048) 84,260 (92,162) 3,910,490 (3,978,042) 3,722,635 (3,720,967) 4,707 (5,512) 1,992 (– 10,691) – 2,207 (– 14,480) 132,847 (135,355) 107,352 (100,357) 82,053 (77,682) 30.06.2024 549,908 (482,155) 220,386 (226,054) 4,460,398 (4,460,197) 3,943,021 (3,947,021) 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 Executive Board of Deutsche EuroShop AG cross-segmentally and are therefore included in the reconciliation column for segment liabilities. Accordingly, the goodwill from the acquisition of Olympia Brno was allo- cated to the reconciliation column of the segment assets. The reconcilia- tion column also contains the companies that are not allocated to either of the two segments (Deutsche EuroShop AG, DES Management GmbH and DES Beteiligungs GmbH & Co. KG). In view of the geographical segmentation, no further information pursuant to IFRS 8.33 is given. OTHER DISCLOSURES RESPONSIBILIT Y STATEMENT BY THE EXECUTIVE BOARD To the best of my knowledge, and in accordance with the applicable report- ing principles for interim financial reporting, the interim consolidated finan- cial statements give a true and fair view of the assets, liabilities, finan- cial position and profit or loss of the Group, and the interim management report of the Group includes a fair review of the performance of the busi- ness, 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. REL ATED PARTIES FOR THE PURPOSES OF IAS 24 Hamburg, 14 August 2024 We refer to the consolidated financial statements as at 31 December 2023 (Annual Report 2023, p. 186) for information on related parties, which were not subject to any significant changes in the year up to 30 June 2024. Hans-Peter Kneip 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D

4 1 4 2 0 2 e n u J 0 3 t a s a t r o p e R l a i c n a n i F r a e y - f l a H / p o h S o r u E e h c s t u e D THE SHOPPING CENTER SHARE DEUTSCHE EUROSHOP VS. SDAX AND EPRA Comparison, January to August 2024 (indexed, base of 100, in %) The price of €22.55 1 was not only the closing price at the end of 2023, but also the high for the half year under review, recorded on 2 and 3 January 2024. In the weeks that followed, the Deutsche EuroShop share price trended downwards, partly as a result of the dividend payout after the Extraordi- nary General Meeting on 8 January 2024. The lowest price in the first three months was recorded on 15 March 2024 at €18.36. Until 25 May, the share price trended sideways, hovering at around €19.00, before gathering pace and closing the first half of the year at €22.10. Taking into account the special dividend of €1.95 per share distributed for financial year 2022, this corresponds to a performance of +7.4%. The SDAX rose by 2.6% over the same period. Deutsche EuroShop’s market capitalisa- tion stood at €1.69 billion at the end of June 2024. The Executive Board of Deutsche EuroShop AG resolved a share buy-back programme with the approval of the Supervisory Board on 18 December 2023. Under this programme, up to 750,000 shares (corresponding to around 1.0% of the Company’s share capital) are to be bought back in the period from 21 December 2023 to 20 December 2024. The maximum volume of the share buy-back programme (acquisition costs excluding incidental acquisi- tion costs) totals €15.0 million. By 30 June 2024, 374,078 treasury shares (0.49% of share capital) had been repurchased via the stock exchange (Xetra) as part of this programme at an average price of €19.62 per share for a total volume of €7.34 million. 2 1 Unless otherwise specified, all information and calculations are based on Xetra closing prices. 2 The shares were acquired in our name by 30 June 2024, but some were only entered into the DES securities account shortly after this date. K E Y S H A R E D ATA Sector/ industry group Financial services / real estate Share capital as at 30.06.2024 Number of shares as at 30.06.2024 (no-par-value registered shares) Dividend for 2023 (proposed) Share price on 30.12.2023 Share price on 30.06.2024 Low/ high for the period under review Market capitalisation on 30.06.2024 Prime Standard OTC markets Indices ISIN Ticker symbol €76,464,319.00 76,464,319 €2.60 €22.55 €22.10 €18.36 /€22.55 €1.7 billion Frankfurt and Xetra Berlin, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart CDAX, EPRA, MSCI Small Cap (+ ESG Screened), HASPAX, Prime All Share Index,Classic All Share Index DE 000748 020 4 DEQ, Reuters: DEQGn.DE 130 120 110 100 90 80 DEC JAN. FEB. MARCH APRIL MAI JUNE JULI AUG. EPRA SDA X Deutsche EuroShop Financial calendar 2024 14.08. Half-year Financial Report 2024 29.08. Annual General Meeting, Hamburg 23.09. Berenberg and Goldman Sachs German Corporate Conference, Munich Baader Investment Conference, Munich 24.09. 14.11. Quarterly Statement 9M 2024 21.11. CIC Forum by Market Solutions (virtual) Our financial calendar is updated continuously. Please check our website for the latest events: www.deutsche-euroshop.de/ir W O U L D Y O U L I K E F U R T H E R I N F O R M AT I O N ? Then visit us online or call us: Patrick Kiss and Nicolas Lissner Tel.: 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 statement contains forward-looking statements based on estimates of future developments by the Executive Board. The statements and forecasts represent estimates based on all of the information available at the current time. If the assumptions on which these statements and forecasts are based do not materialise, the actual results may differ from those currently forecast. Rounding and rates of change Percentages and figures stated in this report may be subject to rounding dif- ferences. The signs used to indicate rates of change are based on economic considerations: improvements are indicated by a plus (+); deteriorations by a minus (– ).