Today, Glunz & Jensen held an extraordinary general meeting.
The shareholders unanimously adopted the Board of Directors' proposal to
amalgamate the share classes. The proposal implies that all shares in future
will have the same rights. However, since half of the share capital was not
represented at the general meeting, it could not form a quorum. The final
adoption of the change in the articles of association is expected to take place
at an extraordinary general meeting scheduled for 19 April 2007.
If the proposal is adopted at the coming extraordinary general meeting, the
process of amalgamating the share classes is expected to be completed in late
June 2007.
