Reported via Company News Service to the Copenhagen Stock Exchange on 22 August
2007:
Keops Group is sole owner of Keops EjendomsObligationer I A/S
Keops Group has today acquired the remaining approx. 51% of the share capital
in Keops EjendomsObligationer I A/S at an acquisition price of approx. DKK 149
million and is now 100% owner.
Keops EjedomsObligationer I owns and operates, via the subsidiary
Ejendomsselskabet August 2003 A/S, all SAS' Danish domicile and training
properties in Amager.
As a part of the original financing of the acquisition of the SAS properties,
the Company has issued fixed-yield commercial bonds at a total of DKK 150
million. The bonds are listed on the Copenhagen Stock Exchange and have been
issued in three series.
These bonds will not be terminated as a result of the acquisition of the
shares.
The acquisition is to be seen in light of Keops' announced strategy of
geographic focus and consolidation within the core business investment in real
property.
The acquisition is not expected to affect profit significantly for this
financial year 2006/07.
Keops' expectations of the future
As such, the acquisition does not give rise to change Management's most
recently announced expectations of Keops Group's total profit before tax for
this financial year. Accordingly, the expectations of profit before tax for
2006/07 constitute DKK 350-450 million including a positive value adjustment of
DKK 100 million apart from the realised gains and value adjustments of
investment properties and debt recognised in the first half of the financial
year.
The expectations are exclusive of one-time expenses arising from the
conditional acquisition offer from Fasteignafélagid Stoðir HF published on 27
July 2007.
Please address questions relating to this Notice to CFO Michael Rosenvold,
Keops A/S, on tel. +45 3378 4000.
This document in the English language is a translation of the Danish original
document. In the event of inconsistency, the Danish version shall apply.
Forward-looking Statements
This Notice to the Stock Exchange may contain forward-looking statements within
the meaning of US Private Securities Litigation Act of 1995 and similar laws
and regulations in other countries regarding expectations of the future
development. Forward-looking statements provide our expectations or forecasts
of future events. You can identify these statements by the fact that they do
not relate strictly to historical or current facts. They use words such as
anticipate, estimate, expect, project, intend, plan, believe and other words
and terms of similar meaning in connection with a discussion of future
operating or financial performance. Such forward-looking statements are subject
to risks, uncertainties and inaccurate assumptions. This may cause actual
results to differ materially from expectations, and it may cause any or all of
our forward-looking statements here or in other publications to be wrong.
Factors that might affect such expectations include, but are not limited to,
general economic and business conditions and interest rate and currency
exchange rate fluctuations. As a result you should not rely on these
forward-looking statements. Keops is under no duty to update any of the
forward-looking statements or to confirm such statements to actual results,
except to the extent required by law. Please also refer to the description of
risk factors on pages 30 to 33 of Keops' Annual Report 2005/06, which is
available from www.keops.dk.
