Arcandor AG has sold its 49% stake in the property company Highstreet. The sales agreement was signed on March 19.

At an extraordinary General Meeting, Thomas Cook Group plc shareholders today resolved a share buyback program. At the end of the program, Arcandor will have cash inflows of approximately EUR 200 million.

Thomas Cook and Primondo post excellent start to second quarter of 2007/08, Karstadt considerably improved – Group EBITDA will improve year-on-year in each quarter of the 2007/08 financial year. 2008/09 targets expressly confirmed.

Short financial year (9 months) concluded with considerable operating upturn – unadjusted EBITDA of EUR 1.2 billion – adjusted EBITDA of the operating divisions increases by EUR 666 million to EUR 602 million

Group sales for 2007 calendar year up from €13 billion to €20 billion
Group realignment rigorously continued
First Quarter 2007/08:

• Thomas Cook with good booking figures
• Primondo increases sales
• Karstadt makes enormous changes to department store business model

In the first quarter of the 2007/08 financial year, the Arcandor Group rigorously continued its operating and strategic realignment. The three operating segments, Thomas Cook, Primondo and Karstadt were further successfully developed.