Related parties for the purposes of IAS 24

Deutsche EuroShop AG’s subsidiaries and the members of its Executive Board and Supervisory Board are regarded as related parties for the purposes of IAS 24. The remuneration of the Supervisory Board and the Executive Board is described in the “Supervisory Board and Executive Board” section and in the remuneration report part of the group management report.

Fees for service contracts with the ECE Group totalled € 23,454 thousand (previous year: € 27,772 thousand). This amount was partially offset by income from lease agreements with the ECE Group in the amount of € 5,983 thousand (previous year: € 5,278 thousand). Receivables from ECE were € 2,992 thousand, while liabilities were € 943 thousand.

Transactions with related parties involving the provision of goods and services were at standard market rates.

Hamburg, 17. April 2012
Deutsche EuroShop AG
The Executive Board

Unterschrift Böge Unterschrift Borkers
Claus-Matthias Böge Olaf G. Borkers

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