Nasdaq OMX Copenhagen A/S

Charlottenlund, December 18, 2025

Announcement no. 289

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Planned change in the position of Chief Executive Officer

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As part of a planned generational transition, the Board of Directors of German High Street Properties A/S after mutual agreement with Chief Executive Officer Michael Hansen has decided that he will step down from his position on 31 December 2025.

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Martin Ernst will be the new CEO and will take over the position of Chief Executive Officer on the same date.

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Martin Ernst holds a Master of Science in Economics and Business Administration as well as an Executive MBA. He has had a long career in the financial industry, where he has held several senior positions, particularly within investment and wealth management.

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Currently, Martin Ernst is Chief Investment Officer at Kartago Capital A/S. Prior to joining Kartago Capital A/S, he served as Managing Director, Nordics & CEE, at Infront AS. Earlier in his career, Martin Ernst spent more than 10 years at Saxo Bank A/S, where he was Head of the Nordic Region for five years, before joining Mercer (Danmark) A/S as Head of Wealth and Investment Solutions.

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Due to Martin Ernst employment with the Kartago Group, who is also majority shareholder in German High Street Properties A/S, Martin Ernst is not considered independent.

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Any questions can be directed to the undersigned on +45 8110 0800.

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Sincerely, German High Street Properties A/S

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Hans Thygesen

Chairman of the Board