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

Further inquiry note:

Detlef Neveling
Head of Investor Relations
Phone: +49 (0)201 727 -98 17
detlef.neveling@arcandor.com

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