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

9/17/2003, 7:30 AM (Source: GlobeNewswire)
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
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 outstanding.

Deutsche EuroShop - The Shoppingcenter-AG
Deutsche EuroShop AG is the sole German publicly listed (since
January 2, 2001) real estate company following an investment strategy
focused exclusively on shoppingcenters. The SDAX-company currently
holds participations in 12 European shoppingcenters in Germany,
France, Italy and Hungary.
Deutsche EuroShop AG
Investor & Public Relations
Patrick Kiss
Oderfelder Straße 23

20149 Hamburg

Tel. +49-(0)40-413579-20
Fax +49-(0)40-413579-29


ISIN: DE 000 748020 4
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