DEUTSCHE KONSUM REIT-AG - Deutsche Konsum REIT-AG finalizes restructuring concept and sets conditions for the restructuring capital increase

Deutsche Konsum REIT-AG finalizes restructuring concept and sets conditions for the restructuring capital increase

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



DEUTSCHE KONSUM REIT-AG FINALIZES RESTRUCTURING CONCEPT AND SETS
CONDITIONS FOR THE RESTRUCTURING CAPITAL INCREASE


Potsdam, Germany, 1 September 2025 – Deutsche Konsum REIT-AG ("Company") (ISIN:
DE000A14KRD3 | WKN: A14KRD | ticker symbol: DKG) today received the final Restructuring
Opinion from FTI-Andersch AG, which complies with the IDW S6 standard and takes into account
the case law of the German Federal Supreme Court (Bundesgerichtshof – BGH). The main
restructuring measures include a restructuring capital increase, which is to include a debt-to-
equity swap of Financial Liabilities in an amount of up to appr. EUR 120 million, as well as
comprehensive disposals of real estate assets with a volume of around EUR 300 million to reduce
the Company's debt. The Restructuring Period has been determined to last until September 2027.
All relevant creditors have extended the maturity of their claims until the end of the Restructuring
Period or have provided comparable undertakings. Some of the undertakings are still subject to
standard market conditions precedent. The Company expects that these will be fulfilled in due
course.

On that basis, the conditions for the restructuring capital increase were also fixed today. The
restructuring capital increase is still to be carried out as a mixed cash and contribution in kind
capital increase with subscription rights at a subscription price of EUR 2.00 per newly issued share.
The subscription ratio shall be 1 to 1.5. This means that the Company's shareholders can subscribe
to 1.5 new shares for one existing share. This is intended to increase the Company's issued share
capital from the current EUR 50,351,091.00 by up to EUR 75,526,635.00 to up to EUR
125,877,726.00. Receivables from registered and convertible bonds with a volume of up to appr.
EUR 120 million are to be contributed as a contribution in kind. Appr. EUR 108 million of the
contribution in kind will be provided by companies directly or indirectly held by Versorgungsanstalt
des Bundes und der Länder AöR ("VBL"). The holders of the convertible bonds will contribute the
EUR 10 million convertible bonds (plus interest) in full as a contribution in kind. VBL's contribution
in kind will be reduced accordingly if other shareholders exercise their subscription rights to a
greater extent.

The Extraordinary General Meeting resolving on the restructuring capital increase is scheduled to
take place in October 2025. The implementation of the restructuring capital increase is still subject
to BaFin granting the necessary exemption from the obligation to publish and submit a mandatory
takeover offer in accordance with the German Securities Acquisition and Takeover Act (WpÜG) in
the event that VBL or companies affiliated with VBL gain control of the Company as part of the
restructuring capital increase (restructuring exemption).

Contact:

Deutsche Konsum REIT-AG
Mr. Kyrill Turchaninov
CFO
Marlene-Dietrich-Allee 12b
14482 Potsdam
Tel. 0331 / 74 00 76 - 517
Fax: 0331 / 74 00 76 - 599
E-Mail: kt@deutsche-konsum.de
DKR has a primary listing on the Prime Standard on the Frankfurt Stock Exchange and a
secondary listing on the JSE.

Potsdam, 02 September 2025

JSE Sponsor
PSG Capital

Date: 02-09-2025 07:05:00
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