Claus-Matthias Boege, member of the board of Deutsche EuroShop AG, appreciates the result of this second placement: „We are highly pleased. Due to the share price Deutsche Bank sold their shares in a very considerate way to approximately 600 investors.“ The number of Deutsche EuroShop shareholders increased by 1,600 to 5,200 since beginning of this year. „That is important for the turnover and a huge step to our middle-term target to become a member of the MDAX“, Boege adds.

“The interest in our Company clearly increased since we were accepted as a member of the SDAX on July 14, 2003”, Dirk Hasselbring, also member of the board of Deutsche EuroShop AG, conludes. “With the higher free float our indexweight will rise over 7 %. So we are quite a big one in this small cap index.”

The current shareholder structure of Deutsche EuroShop AG looks like this:

70.81 % Free float
21.23 % Otto family (Hamburg)
 7.96 % Deutsche Bank AG (DB Industrial Holdings AG)

The current market capitalization of Deutsche EuroShop AG is approx. € 484 million at a share price of € 31.00 and with 15.625 million shares outstanding. The interims report on the first half of 2003 is to be published on August 29, 200