DEUTSCHE KONSUM REIT-AG - Delisting of DKR from the JSE

Delisting of DKR from the JSE

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")


DELISTING OF DKR FROM THE JSE


1. Introduction

1.1    DKR shareholders ("Shareholders") are referred to the announcement released on
       SENS on 26 March 2024 in relation to DKR's intention to withdraw its secondary listing
       on the JSE Limited ("JSE"), ("Delisting") and to re-focus exclusively on its primary
       exchange and accompanying shareholder base, being the Frankfurt Stock Exchange
       ("FSE").

2. Background

2.1    DKR is currently primary listed on the FSE and secondary listed on the Main Board of
       the JSE. DKR has its secondary listing on the JSE Main Board since 8 March 2021
       and it has engaged in various initiatives and numerous investor discussions, which
       have not yielded the desired results from a South African market perspective. The
       Company has not been able to expand its portfolio as anticipated and it has not been
       successful in increasing its market capitalisation since its secondary listing on the JSE.
       For all these reasons DKR has decided to withdraw its secondary listing on the JSE.

2.2    The Company has a total of 30 315 shares on the South African register, of which
       30 113 shares are held by Babelsberger and Obotritia Gamma (in terms of the scrip
       lending arrangement to satisfy the JSE's Clearing and Settlement requirements in
       terms of paragraph 18.10(b) of the JSE Listings Requirements) ("Scrip Lender
       Shareholder"). The Scrip Lender Shareholder is a known associate of the Company.
       Accordingly, the remaining 202 shares on the South African JSE register ("Remaining
       Shares") are held by a single shareholder through a nominee company (the
       "Remaining Shareholder").

2.3    DKR, with the support of its advisor engaged with its transfer secretary and the central
       securities depository participant to assist in contacting the Remaining Shareholder
       regarding the Remaining Shares. DKR has further proposed to the Remaining
       Shareholder to consider the disposal of the Remaining Shares at a premium to the
       current DKR share price ("Offer") or transferring the Remaining Shares to the FSE.
       Despite numerous attempts to contact and engage with the Remaining Shareholder
       over a period of more than 12 months, the Remaining Shareholder has not responded
       to DKR.

2.5    After due consideration of the written representation by the Company and subject to
       the provisions of Financial Markets Act ("FMA") and the JSE Listings Requirements,
       the JSE informed the Company that the Delisting of DKR's securities will be initiated
       by the JSE as it will further the objective of the FMA, with specific reference to section
        2(a) and that such Delisting will be in the public interest, as contemplated in section
        1.12(a) of the JSE Listings Requirements.

2.6     The Scrip Lender Shareholder has agreed to transfer its shares from the JSE to the
        FSE prior to the date of the Delisting in accordance the requirements of the JSE to
        approve the Delisting.

2.7     In accordance with the requirements of the JSE in approving the Delisting, DKR has
        agreed to extend the Offer made to the Remaining Shareholder for a period of 6
        months following the date of the Delisting.

3. Salient Dates and Times

The following salient dates and times will be applicable to the Delisting.

                                                                                        2025
 Publication of declaration announcement                                Tuesday, 11 November

 Publication of finalisation announcement by 11:00                      Tuesday, 18 November
 South African Standard Time
 Last date to trade                                                     Tuesday, 25 November

 Suspension of DKR shares on the JSE trading system                   Wednesday, 26 November

 Record date                                                             Friday, 28 November

 Termination of DKR shares from the JSE                                  Tuesday, 2 December

Share certificates may not be dematerialised or rematerialised between Wednesday, 26
November 2025 and Friday, 28 November 2025, both days inclusive.


4. Condition Precedent

4.1     The Delisting is subject to the fulfilment of each of the following conditions:

4.2.1   The transferring of the Scrip Lender Shareholder's shares from the JSE to the FSE
        prior to the date of Delisting.

4.2.3   To the extent that the Conditions are not fulfilled by Friday, 28 November 2025, a
        further announcement will be released by the Company to inform Shareholders thereof
        and to provide an updated timetable in respect of the Delisting.

5. Exchange Control Approval

5.1     The Financial Surveillance Department of the South African Reserve Bank has granted
        approval with respect to the Delisting as required in terms of the South African
        Exchange Control Regulations (promulgated in terms of the South African Currency
        and Exchanges Act No. 9 of 1933).


Potsdam, 11 November 2025

Transaction Advisor and JSE Sponsor

PSG Capital

Date: 11-11-2025 02:31:00
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