Deutsche EuroShop AG
Deutsche EuroShop AG: Release of a capital market information

Public disclosure
according to Article 2(1) of the Delegated Regulation (EU) No. 2016/1052
supplementing Regulation (EU) No 596/2014 (MAR)

of

Deutsche EuroShop AG,
Hamburg
(ISIN DE0007480204)

Purchase of treasury shares

Hamburg, 19. December 2023 – The Executive Board of Deutsche EuroShop AG, Hamburg (ISIN DE0007480204) („Company“),resolved with the approval of the Supervisory Board of December 18, 2023 to launch and implement a share buyback programme under which up to 750,000 shares of the Company (equivalent to approximately 1.0% of the Company’s share capital) are to be repurchased. The maximum total volume of the share buyback programme (acquisition costs excluding ancillary acquisition costs) is EUR 15.0 million. The shares are to be repurchased exclusively via the stock exchange in electronic trading on the Frankfurt Stock Exchange (XETRA trading).

With the share buyback programme, the Company is making partial use of the authorization granted by the ordinary shareholders’ meeting on 29 August 2023, according to which up to a total of 10% of the Company’s share capital that exists at the time the authorisation becomes effective or – if lower – at the time the authorisation is exercised may be acquired until 28 August 2028. The consideration per share paid by the Company (excluding any ancillary acquisition costs) shall not amount to more than 20% below or more than 10% above the share’s stock exchange price. Relevant shall be the arithmetic mean of the closing prices of the shares in XETRA trading (or a comparable successor system) on the Frankfurt Stock Exchange on the three trading days prior to the respective reference date. The reference date shall be the day on which the obligation to acquire the shares is entered into. To date, no use has been made of this authorization and the Company currently holds no treasury shares.

The repurchased shares may be used for any purpose permitted under the authorization granted by the shareholders’ meeting on August 29, 2023, including (a) the sale of the shares under exclusion of shareholders’ subscription rights against cash payment, provided that the price at which the shares are sold is not significantly lower than the stock exchange price of the Company’s shares of the same class at the time of the sale, (b) against non-cash contributions, and (c) as part of variable remuneration of executive board members; the shares may also be redeemed.

The buyback will take place within a period of December 21, 2023 (first possible acquisition day) until December 20, 2024 (last possible acquisition day) at the latest. The Company reserves the right to suspend or discontinue the share buyback programme at any time or to continue it after the expiration of the last possible acquisition date on the basis of a new resolution and corresponding announcement.

The share buyback will be carried out under the management of an investment firm which will make its decisions on the time of the acquisition of the shares independently and uninfluenced by the Company. The appointed investment firm has undertaken vis-à-vis the Company to execute the buybacks in accordance with the requirements of the authorization granted by the ordinary shareholders’ meeting, the so-called “Safe Harbour” regulations pursuant to Article 5(1) and (3) MAR in conjunction with Article 2 to Article 4 of the Delegate Regulation (EU) 2016/1052 of 8 March 2016 (“Delegate Regulation”).

In accordance with the Delegate Regulation, no purchase price may be paid that is higher than the price of the last independent trade or the highest independent bid at the time of the purchase, in each case on the trading venue where the purchase takes place. The higher of the two values is decisive. In accordance with the Delegate Regulation, no more than 25% of the average daily turnover of shares on the trading venue on which the purchase takes place may be acquired on any given day. The average share turnover is based on the average daily trading volume of the 20 trading days prior to the specific purchase date.

In accordance with Article 2(2) and (3) of the Delegates’ Regulation, information on transactions in connection with the repurchase will be appropriately disclosed at the latest by the end of the seventh trading day following the day on which such transactions were executed. In addition, in accordance with Article 2(3) of the Delegates Regulation, the Company will publish the announced transactions on its website (https://www.deutsche-euroshop.com) under the heading “Investor Relations” in the “Shares” section under the menu item “Share buyback” and ensure that the information remains publicly accessible for at least five years from the date of announcement.