Summary:
The Group still expects to generate a profit after tax of about DKK 300
million for the 2008/09 financial year.
The Group's project portfolio has developed as planned, comprising a total of
1,189,000 m² at 30 April 2008, the same level as at 31 January 2008.
After the end of the accounting period, TK Development has sold its share of
the Futurum Shopping Centre in Ostrava and the Haná Shopping Centre in Olomouc,
the Czech Republic, to the property fund manager Pradera - AM PLC.
In June 2008, TK Development exercised its option to buy the remaining stake
in Euro Mall Holding A/S from the Investment Fund for Central and Eastern
Europe. Thus, TK Development is now the sole owner of the Central European
activities.
Further information is available from Frede Clausen, President and CEO, on tel.
+45 8896 1010.
