Reported via Company News Service to the Copenhagen Stock Exchange on 31 August
2007
Keops A/S is selling 4,000,000 shares in Capinordic A/S at market price
The sale is mediated by Capinordic Bank A/S. Subsequent to the sale, Keops
stake in Capinordic A/S has been reduced to 14,794,018 shares, equivalent to
13.21% of the registered share capital in Capinordic A/S.
The disposal of the block of shares is carried out as part of Keops' focus on
the core business.
The sale has no material impact on profit before tax for the financial year
2006/07 as the sales proceeds less sales related costs are at booked value.
Keops' expectations of the future
Consequently, 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.
