DGAP-News

CORRECTION: Deutsche EuroShop: Preliminary figures for 2015 / record year thanks to measurement gains / FFO up 2.4% / net asset value of EUR39.12 per share - Seite 2

represents FFO per share of EUR2.29, compared with EUR2.23 in the previous
year.

The Executive Board and Supervisory Board will therefore propose to the
shareholders at the Annual General Meeting in Hamburg on 15 June 2016 that
a dividend of EUR1.35 per share, 3.8% or EUR0.05 higher than the previous
year, be distributed for the successful 2015 financial year.


Outlook

Deutsche EuroShop expects stable revenue of between EUR200 million and
EUR204 million for financial year 2016. It then expects to record EUR201
million to EUR205 million in 2017, with rents rising slightly.

The Company forecasts that earnings before interest and taxes (EBIT) will
remain at current levels in 2016 and 2017, coming in within a range of
EUR175 million to EUR179 million.

Earnings before taxes and measurement gains/losses (EBT before measurement)
should rise marginally to between EUR127 million and EUR130 million (+1.2%)
in 2016, and by a further 3.1% to between EUR131 million and EUR134 million
in 2017.

Funds from operations (FFO) of between EUR2.26 and EUR2.30 per share are
anticipated for the current financial year. The Company is then projecting
a 3.5% increase for 2017, taking the figure to EUR2.34 to EUR2.38 per
share.

"The persistently low inflation rates are currently constraining increases
in rental income as a source of growth. At the same time, however, we are
benefiting from these low interest rates, as we enjoy much improved
conditions when taking out new financing," explains Olaf Borkers, Member of
the Executive Board of Deutsche EuroShop. Wilhelm Wellner adds: "In
addition, we expect the transaction market to be very dynamic again in
2016, which may open up opportunities for external growth. We are currently
examining an interesting property that would be a good fit for our
portfolio."


Webcast of the teleconference

Deutsche EuroShop will hold a conference call for analysts in English at 10
a.m. (CET) on Wednesday 23 March 2016, which will be carried as a live
webcast on www.deutsche-euroshop.com/ir.


Deutsche EuroShop - The shopping center company

Deutsche EuroShop is the only public company in Germany to invest solely in
shopping centers in prime locations. The MDAX-listed company currently has
investments in 19 shopping centers in Germany, Austria, Poland and Hungary.
The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the
Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many
others.

Figures for Deutsche EuroShop (IFRS)

in EUR million 2015 2014 +/-

Revenue 202.9 200.8 1%