Deutsche EuroShop AG / Final Results/Results Forecast Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Deutsche EuroShop with Record Earnings – Profit doubled in 2006 Hamburg, January 30, 2007 – Deutsche EuroShop is expecting a consolidated profit after minorities of approx. Euro 98 million (Euro 48.7 million; +101%) for the fiscal year ended 31 December 2006. The forecast is based on a preliminary projection of the results for 2006, and includes the valuation of the shopping centers. The figures correspond to undiluted earnings per share of Euro 5.70. The operating earnings before taxes (EBT) amounted to more than Euro 50 million, the valuation result to more than Euro 70 million. The Net Asset Value (NAV) per share increased from Euro 46.22 by 10% to Euro 50.85. The drivers for this record result included the capital gains from the disposals of the shopping centers in France and Italy, an average revaluation of all centers by approx. +4.7% and the initial valuation of the City Arkaden Klagenfurt, which were valued by independent appraisers for the first time. For fiscal year 2007, Deutsche EuroShop is forecasting revenue and operating profit on the level of 2006 (excluding capital gains), because the new shopping center in Gdansk, that will be opened in Q4 2007, can only partly compensate the contribution to revenue and operating income of the two centers which were sold in 2006. For fiscal year 2008 again a double-digit percental growth can be expected. The final figures for fiscal year 2006 will be published on 20 April 2007 at the company’s annual earnings press conference in Hamburg. DGAP 30.01.2007 ---------------------------------------------------------------------- Language: English Issuer: Deutsche EuroShop AG Oderfelder Straße 23 20149 Hamburg Deutschland Phone: +49 (0)40 413 579-0 Fax: +49 (0)40 413 579-29 E-mail: ir@deutsche-euroshop.de WWW: www.deutsche-euroshop.de ISIN: DE0007480204 WKN: 748020 Indices: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------