Small Cap Danmark A/S - issue as a consequence of utilization of warrants The Copenhagen Stock Exchange has decided to admit 78,665 new shares of a nominal DKK 20 to listing in the ISIN code below with effect from 16 May 2007. ISIN Name in Official List DK0010305077 Small Cap Danmark The capital increase has been registered with the Danish Commerce and Companies Agency. For further information, please see announcement of 30 April 2007 from Small Cap Danmark. For further information please contact: Simon Søberg Jørgensen, Surveillance, tlf. +45 33 93 33 66