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Deutsche EuroShop: EUR 132.2 million refinancing concluded

Deutsche EuroShop AG / Miscellaneous Release 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: EUR 132.2 million refinancing concluded Hamburg, July 6, 2009 - The Shopping Center-Investor Deutsche Euroshop has refinanced two loans worth over ten years. The firm has entered into a new loan agreement that includes a EUR 50 million loan to be extended in October 2009 as well a EUR 82.2 million loan not due until 2013. The lender is Deutsche Genossenschafts-Hypothekenbank AG (DG HYP), which will replace the previous creditor banks. The collateral for the loan is the Rhein-Neckar Zentrum in Viernheim, in which Deutsche EuroShop owns a 99.9% interest. 'This refinancing will reduce our annual interest payments by over one million Euros,' said Olaf Borkers, the Chief Financial Officer for Deutsche EuroShop. 'The average remaining life of our loans will rise to about eight years. We will not have to renegotiate any more long term debt financing until the end of 2012,' he continued. 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. 06.07.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- 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 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 ---------------------------------------------------------------------------