Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale
will be used in full to repay financial liabilities

EQS-News: Deutsche Konsum REIT-AG / Key word(s): Disposal
Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale
will be used in full to repay financial liabilities

28.03.2024 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale
will be used in full to repay financial liabilities

Potsdam, 28 March 2024 - The Management Board of Deutsche Konsum REIT-AG
(ISIN DE000A14KRD3) today notarised the sale of a sub-portfolio of 14
properties. The sub-portfolio comprises a total rental area of around 72,000
sqm at the locations Ludwigslust, Guben (Karl-Marx-Straße), Stendal
(Nordwall), Hohenmölsen, Aschersleben, Tangerhütte, Eisenhüttenstadt
(Karl-Marx-Straße), Seebach, Elsterwerda, Eggesin, Lübz, Lübtheen, Staßfurt
(Neundorfer Straße) and Osterfeld.

The sub-portfolio is made up of various property types - from free-standing
food discounters to regionally dominant retail parks, the retail properties
form a cross-section of DKR's portfolio. The properties currently generate
an annual rent of EUR 5.5 million with a remaining lease term of 5.0 years
and a vacancy rate of around 6%. The selling price is around 4% below the
IFRS carrying amount at which the Company recognised the properties after
the last portfolio valuation on 30 September 2023. The parties have agreed
not to disclose the purchase price. The transfer of benefits and
encumbrances for all properties is expected to take place by June 2024. The
buyer is an institutional German real estate investor in the retail segment.

DKR acquired the properties for sale mainly in individual transactions
between 2015 and 2022 at an average initial yield of 10% and with an average
remaining lease term of 5.7 years. The vacancy rate at the time of
acquisition was around 6%. During the holding period, the properties
generated rental income totalling more than EUR 36 million. On average, DKR
has succeeded in increasing the annual rent of the properties for sale by
around 10% over the holding period since the properties were acquired.

The proceeds from the sale are to be used in full to repay bank liabilities
and to partially repay maturing bonds. This will significantly reduce the
LTV ratio by several percentage points.

The Company is currently working on further selected sales, which will be
carried out to streamline the existing real estate portfolio. The resulting
liquidity will also be used to optimise the debt structure.

About Deutsche Konsum

Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company with a
focus on German retail properties for everyday goods at established
micro-locations. The focus of the Company's activities is on the
acquisition, management and development of local supply properties with the
aim of continuous performance and the leveraging of hidden reserves.

The shares of the Company are listed on the Prime Standard of the Deutsche
Börse (ISIN: DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by
way of a secondary listing.

Contact:

Deutsche Konsum REIT-AG

Mareike Kuliberda

Investor Relations

mk@deutsche-konsum.de

+49 (0) 331 74 00 76 - 533


---------------------------------------------------------------------------

28.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Deutsche Konsum REIT-AG
                   Marlene-Dietrich-Allee 12b
                   14482 Potsdam
                   Germany
   Phone:          +49 (0)331 740076517
   Fax:            +49 (0)331 740076599
   E-mail:         ch@deutsche-konsum.de
   Internet:       www.deutsche-konsum.de
   ISIN:           DE000A14KRD3
   WKN:            A14KRD
   Listed:         Regulated Market in Berlin, Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Dusseldorf, Munich,
                   Stuttgart, Tradegate Exchange; JSE Securities Exchange
   EQS News ID:    1869991

End of News EQS News Service
---------------------------------------------------------------------------

1869991 28.03.2024 CET/CEST