Arcandor AG

euro adhoc: Arcandor AG
Ad hoc notification in accordance with § 15 of the German Securities Trading Act Arcandor AG: Sale of real estate joint venture completed

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 28.07.2008 Essen/Germany, July 28, 2008. Arcandor AG, Essen, today has transferred its 49 percent stake in the property company Highstreet to the already known consortium consisting of RREEF Alternative Investments (a Deutsche Bank subsidiary), Pirelli Real Estate, Generali Real Estate Fund S. A. and Borletti Group. Despite a difficult market environment, this large real estate transaction has been successfully completed. The total value of the transaction consisting of the above mentioned sale of the Highstreet stake and a separate contractual agreement with the previous joint venture partner Whitehall amounts unchanged to about EUR 800 million. The Management Board end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: KarstadtQuelle AG Im Internet recherchierbar: Further inquiry note: Detlef Neveling Telefon: +49 (0) 201 727-9816 E-Mail: 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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