EQS-Adhoc: Deutsche Konsum REIT 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

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 Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) 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).

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:  [email protected]