DGAP-Adhoc: Deutsche EuroShop: Expectation of Profits 2007 excelled – More than Euro 93 million Consolidated Profit – Strong Growth in 2008 expected

| Source: EQS Group AG EQS Group AG 

Deutsche EuroShop AG / Preliminary Results/Forecast

18.02.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Deutsche EuroShop: Expectation of Profits 2007 excelled – More than Euro 93
million Consolidated Profit – Strong Growth in 2008 expected

Hamburg, February 18, 2008 – Deutsche EuroShop is expecting a consolidated
profit after minorities of more than Euro 93 million (2006: Euro 100.3
million) for the fiscal year ended 31 December 2007. The forecast is based
on preliminary results for 2007, and includes the valuation of the shopping
centers. The figures correspond to undiluted earnings per share of Euro
2.71.

The revenue amounted to Euro 95.7 million, 3% more than in the prior year.
With earnings before interest and taxes (EBIT) of more than Euro 76 million
the operating earnings before taxes (EBT) amounted to approx. Euro 37
million, the valuation result to more than Euro 45 million. The average
revaluation of all centers was approx. +3.1%. The Net Asset Value (NAV) per
share increased from Euro 25.53 by 5.4% to Euro 26.90.

For fiscal year 2008, Deutsche EuroShop is forecasting double-digit
percental growth rates: revenue Euro 110-113 million (+17%), EBIT Euro
90-92 million (+20%) and EBT Euro 43-45 million (+19%).

The final figures for fiscal year 2007 will be published on 18 April 2008
at the company’s annual earnings press conference in Hamburg.
DGAP 18.02.2008 
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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, Hannover, München, Hamburg, Düsseldorf, Stuttgart
End of News                                     DGAP News-Service
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