Pursuant to § 12 (a) (v) of the Terms and Conditions of the Exchangeable Bonds as soon as the Issuer has filed an application for the commencement of insolvency proceedings, each bondholder shall be entitled, by giving notice to the Principal Paying Agent, to declare his bonds due and demand immediate redemption thereof at their Principal Amount plus interest accrued thereon (if any) to but excluding the date of redemption.

Arcandor AG has cancelled the release of the Group’s interim report as of 31 March 2009 (first half of the 2008/09 financial year) which was planned for 18 June 2009.

Arcandor AG plans to publish its Group interim report as of March 31, 2009 on June 18, 2009.

Arcandor AG plans to publish its Group interim report as of March 31, 2009 (first half of the 2008/09 financial year) on May 29, 2009

Consolidation programme for Arcandor decided – course set for sustainable profitability – basis for long-term financing.

Notice pursuant to § 15 in relation to § 10 (b) (iii) and § 10 (d) of the Terms and Conditions

In his first speech as new CEO of the Arcandor AG Management Board at the annual general meeting, Dr. Karl-Gerhard Eick announced a rigorous policy of consolidation for the international tourism and retail group.

Arcandor AG maintained its earnings and sales position in the first quarter of the 2008/2009 financial year. The tourism and retail group improved adjusted EBITDA by 18% to €180 million.

Arcandor has enjoyed a solid business performance in the first quarter by the preliminary figures. The three operating segments posted a good performance in the period from October to December 2008 in the light of the difficult market environment.

ERGO Versicherungsgruppe AG and Arcandor AG have affirmed their successful sales partnership while also agreeing to realign their financial services subsidiaries.

• Adjusted operating EBITDA (pro forma), increases by €133 million to €820 million
• Turnover nearly stable at €19.9 billion
• Thomas Cook with strong growth in operating results
• Primondo with good business development
• Karstadt reacts to the negative earnings trend with cost-savings of more than €150 million
• Group income strongly influenced by one-time restructuring costs
• Karstadt and Quelle with a satisfactory start for the Christmas season

• Dr. Thomas Middelhoff leaves company by mutual agreement in the wake of successful initiatives
• Dr. Karl-Gerhard Eick new CEO as of March 2009

• Adjusted operating EBIT increased by around 50 percent
• Earnings per share up by 41 percent