PRESS RELEASE

Management Board contracts extended by three years/Reduction of the size of the Supervisory Board

Potsdam, 26 January 2023 – The Supervisory Board of Deutsche Konsum REIT-AG („DKR“) (ISIN DE000A14KRD3) has extended the employment contracts of the Management Board members Alexander Kroth (CIO) and Christian Hellmuth (CFO), which expire on 30 June 2023, by three years.

The Supervisory Board members Nicholas Cournoyer and Kristian Schmidt-Garve informed the Management Board and the Supervisory Board of the Company that they will resign from their offices for personal reasons with effect from 16 March 2023 (at the end of the Annual General Meeting on that date).

The Supervisory Board and Management Board would like to thank Mr Cournoyer and Mr Schmidt-Garve for their valuable work and wish them all the best.

Following these resignations and the resignation of Ms Cathy Bell-Walker in November 2022, the Company will propose to the 2023 Annual General Meeting to reduce the size of the Supervisory Board to four members (previously six). In addition, the Supervisory Board will propose to the Annual General Meeting to elect Ms Antje Lubitz as a further member of the Supervisory Board.

About Deutsche Konsum
Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company focusing on German retail properties for everyday goods in established micro-locations. The focus of the Company's activities is on the acquisition, management and development of local retail properties with the aim of achieving a steady increase in value and the lifting of hidden reserves.

The shares of the Company are listed on the Prime Standard of Deutsche Börse (ISIN: DE 000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.

Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: [email protected]
Phone: +49 (0) 331 74 00 76 – 533