Arcandor AG

euro adhoc: Arcandor AG
Strategic management decisions
Ad hoc notification in accordance with § 15 of the German Securities Trading Act Arcandor AG: 49% stake in real estate joint venture Highstreet sold

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 19.03.2008 Essen/Germany, March 19, 2008. Arcandor AG, Essen, has sold its 49% stake in the property company Highstreet. The sales agreement was signed today. The buyer is a consortium consisting of RREEF (a Deutsche Bank subsidiary), Pirelli Real Estate, Generali Real Estate Fund S. A. and Borletti Group. The sale is subject to the approval of the anti-trust authorities. The total value of the transaction consisting of the above sale of the Highstreet stake and a separate contractual agreement with the previous joint venture partner Whitehall is approximately EUR 800 million. The Management Board end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: KarstadtQuelle AG Im Internet recherchierbar: Further inquiry note: Detlef Neveling Head of Investor Relations Phone: +49 (0)201 727 -98 17 Branche: Retail ISIN: DE0006275001 WKN: 627500 Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All Share Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / regulated dealing Börse Hamburg / regulated dealing Börse Stuttgart / regulated dealing Börse Düsseldorf / regulated dealing Börse Hannover / regulated dealing Börse München / regulated dealing

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