Deutsche EuroShop AG / Interim Report/Quarter Results 12.11.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche EuroShop with Stable Growth - Revenue: EUR 94.4 million (+12%), EBIT: EUR 80.9 million (+15%) - FFO: EUR 1.11 per share (+8%) - Earnings: EUR 38.5 million (+23%) - EPS: EUR 1.09 Hamburg, 12 November 2009 - With the today published interim report Q1-3 2009 Deutsche EuroShop demonstrates the stability of its business model. The MDAX-listed shopping center investor again managed to achieve the long-term forecast results. Revenue was up 12% year-on-year at EUR94.4 million. Net operating income (NOI) rose 14% to EUR83.8 million, while EBIT climbed 15% to EUR80.9 million. 'We have not yet identified any significant deterioration in consumer behaviour or in retail spending at our shopping centers. Our overdue rents and write-downs on rent receivables remain low', Claus-Matthias Böge, CEO of Deutsche EuroShop, said. 'The occupancy rate is still high, at almost 100%.' The increase in earnings was mainly generated by the contributions made by the shopping centers opened in Hameln and Passau in 2008. The 'Kassel effect' also had an impact; the increase in Deutsche EuroShop's share in City-Point in Kassel from 40% to 90% at the start of 2009 led to the full consolidation of this center, with corresponding effects on the balance sheet and income statement. The solid operating performance is also borne out by an 8% improvement in funds from operations (FFO) from EUR1.02 to EUR1.11 per share (undiluted, i.e. the capital increase conducted on 7 July was taken into account pro rata). Consolidated profit, boosted by positive exceptional and currency effects on measurement gains, rose 23% from EUR31.3 million to EUR38.5 million. (Undiluted) earnings per share increased accordingly from EUR0.91 to EUR1.09 (+20%). Deutsche EuroShop sees itself as well-placed, following the debt and equity financing measures implemented at the start of the third quarter, to be able to exploit any investment opportunities. The Company is currently examining several offers in terms of the profitable contributions they can make to growth for its shopping center portfolio. The guidance for the full year remains unchanged: revenue EUR 125-128 million, EBIT EUR 105-108 million, EBT excluding measurement gains/losses EUR 50-52 million, FFO EUR 1.38-1.43 per share. On the strength of the performance to date, the Executive Board expects a stable dividend of at least EUR1.05 per share. Webcast of the conference call Deutsche EuroShop will webcast its English conference call on Thursday, 12 November 2009, at 4:00 p.m. CET live on the Internet. The webcast can be accessed at the Company's website at http://www.deutsche-euroshop.com/ir. At the same internet address the complete Interim Report is available as PDF file and as interactive online version. Deutsche EuroShop - The Shopping Center Company Deutsche EuroShop is Germany's only public company, that invests solely in shopping centers in prime locations. The MDAX-listed Company currently has equity interests in 16 European shopping centers in Germany, Austria, Hungary and Poland. Key Data of Deutsche EuroShop (IFRS)

                                    1 Jan.-30          1 Jan.-30
in EUR million                       Sep.2009           Sep.2008   Change
Revenue                                  94.4               84.1     12 %
EBIT                                     80.9               70.5     15 %
Net finance costs                       -41.6              -35.1    -18 %
EBT                                      46.2               37.9     22 %
Consolidated profit                      38.5               31.3     23 %
FFO per share (EUR),
undiluted                                1.11               1.02      9 %
EPS (EUR), undiluted                     1.09               0.91     20 %

                                 30 Sep. 2009       31 Dec. 2008   Change
Equity*                               1,051.1              977.8      8 %
Liabilities                           1,059.5            1,029.1      3 %
Total assets                          2,110.6            2,006.8      5 %
Equity ratio (%)*                        49.8               48.7
LTV-ratio (%)                            45.6               46.1
Gearing (%)*                              101                105
Cash and cash equivalents                70.1               41.7     68 %

* incl. minorities 12.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: 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 Internet: www.deutsche-euroshop.de ISIN: DE0007480204 WKN: 748020 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------