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02.12.2003 Press Release

Deutsche EuroShop AG will be included in the EPRA Index as of January 2004

Hamburg

Hamburg, December 2, 2003 – The European Index Committee of the European Property Real Estate Association (EPRA, www.epra.com) has announced the admission of Deutsche EuroShop AG (ISIN: DE 000 748 020 4) to the EPRA index as of January 2, 2004.

After being three months on the watchlist Deutsche EuroShop AG now meets the criteria (free float market capitalisation, share turnover) for the admission to the index. Deutsche EuroShop will be the third German company in the EPRA Index – in addition to IVG Immobilien and Deutsche Wohnen.

Claus-Matthias Boege, CEO of Deutsche EuroShop AG, delightedly comments the index-admission: „The inclusion into the EPRA index is a door opener to many international investors, which are concerned with property shares.“ He anticipates a further increase in turnover generated by the so-called technical demand from index-tracking investors.

Deutsche EuroShop – The Shoppingcenter-AG

Deutsche EuroShop AG is the sole German publicly listed real estate company following an investment strategy focused exclusively on shoppingcenters. The SDAX-company currently holds participations in 13 European shoppingcenters in Germany, France, Italy and Hungary.