DEUTSCHE KONSUM REIT-AG - DKR amends dividend proposal/Chairman of the supervisory board and CEO resign their mandates after the AGM

DKR amends dividend proposal/Chairman of the supervisory board and CEO resign their mandates after the AGM

DEUTSCHE KONSUM REIT-AG
(Incorporated in the Federal Republic of Germany)
(Registration number: HRB 13072)
FSE Share Code: A14KRD
JSE Share Code: DKR
ISIN: DE000A14KRD3
LEI: 529900QXC6TDASMCSU89
(“DKR” or “the Company”)

PUBLICATION OF AN INSIDE INFORMATION PURSUANT TO ARTICLE 17 MAR –
DEUTSCHE KONSUM REIT AG AMENDS DIVIDEND PROPOSAL/CHAIRMAN OF THE
SUPERVISORY BOARD HANS-ULRICH SUTTER AND CEO ROLF ELGETI RESIGN
THEIR MANDATES AFTER THE AGM/ROLF ELGETI RUNS FOR THE SUPERVISORY
BOARD

Potsdam, 30 May 2023 – The Management Board of DKR has decided today, with the
approval of the Supervisory Board, to adjust the dividend proposal for the past financial year
2021/2022 to be submitted to the Annual General Meeting.

Instead of the previously intended full distribution of the net profit for the year (in the amount
of EUR 0.48 per share), the Management Board proposes to make use of the option to create
a half reinvestment reserve from realised capital gains in accordance with § 13 (3) of the REIT
Act and to make an allocation to reserves in the amount of EUR 12,689,275. A distribution of
EUR 4,218,713 or EUR 0.12 per share shall be made to the shareholders from the remaining
balance sheet profit. The remaining amount of EUR 77,425 shall be transferred to the profit
carried forward.

In view of the fundamentally changed interest rate and financing environment, upcoming
refinancing and possible valuation risks, but also in order to seize growth opportunities on the
real estate market, the Management Board intends this measure to strengthen the balance
sheet and preserve liquidity in order to ensure the greatest possible flexibility in the further
management of business activities.

Furthermore, there will be further changes in the Management Board and Supervisory Board
after the upcoming Annual General Meeting: The current Chairman of the Supervisory Board,
Mr Hans-Ulrich Sutter, has informed the Company today that he intends to resign from his
mandate as well as from his position as Deputy Chairman of the Audit Committee for personal
reasons at the end of the next Annual General Meeting. At the same time, the Chief Executive
Officer (CEO) Rolf Elgeti informed the Supervisory Board that he will resign from the
Management Board at the end of the upcoming Annual General Meeting and intends to stand
for election as Chairman of the Supervisory Board. The operational business of the Company
will in future be managed entirely by the two members of the Management Board Alexander
Kroth (CIO) and Christian Hellmuth (CFO).

DKR has a primary listing on the Prime Standard on the Frankfurt Stock Exchange and a
secondary listing on the JSE.

Contact:
Deutsche Konsum REIT-AG
Mr Christian Hellmuth
Finanzvorstand (CFO)
August-Bebel-Str. 68
14482 Potsdam
Phone: +49 331 74 00 76 517
Fax: +49 331 74 00 76 520
E-Mail: ch@deutsche-konsum.de

Potsdam, 31 May 2023

JSE Sponsor
PSG Capital

Date: 31-05-2023 07:05:00
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