January
Admission to the EPRA Index

February
Topping-out ceremony for the Phoenix-Center Hamburg

March
Initial publication of the net asset value
Grand opening of the Pécs Árkád shopping center

June
Topping-out ceremony for Forum Wetzlar
Annual General Meeting on 17 June 2004 and renewed
distribution of a dividend of € 1.92 per share.

July
Sale of the Centro Commerciale Friuli in Udine/Italy
Awarded the “2004 Capital Investor Relations Prize”

August
Investment in the City-Arkaden shopping center in Klagenfurt/Austria

September
Admission to the MDAX
Grand opening of the Phoenix-Center Hamburg