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Deutsche EuroShop AG now with 79 % Free Float Deutsche Bank Concludes Sale of Shareholdings

5279; Hamburg, September 17, 2003 – Deutsche EuroShop AG (ISIN DE0007480204) has received the information, that Deutsche Bank AG has completely sold its Deutsche EuroShop shares and under-ran the 5 %-limit in shareholdings. Consequently Deutsche Bank is not a notifiable investor according to paragraph 21 of the German Securities Trade Act anymore.
The shares were disposed – like the two tranches before – in private placements to various investors. Thus, free float increases to around 79 %.
 „Our weighting in the SDAX will further increase after the next index chaining of the Deutsche Boerse on September 19“, Claus-Matthias Boege, member of the board of Deutsche EuroShop AG, comments. „With a free float market capitalization of approximately Euro 390 million we are of MDAX- calibre.“
The shareholder structure of Deutsche EuroShop AG now looks like this:

Free float 78.77 %
Otto family (Hamburg) 21.23 %

The current market capitalization of Deutsche EuroShop AG is approx. Euro 492 million at a share price of Euro 31.50 and with 15.625 million shares outstandin