As informed in ’Company release No. 3 / 2011 – Decision from Danish Securities Council regarding accounting control’ Tower Group A/S hereby announces the corrective / additional information to the annual report 2008/09 according to the decision as of 13 January 2011 from the Danish Securities Council.
The corrective / additional information to the annual report 2008/09 has no effect on the result, cash flow statement and balance etc. which are unchanged.
After the decision from the Danish Securities Council the following sections must have corrective / additional information:
- Information regarding related parties, note 34, page 85-86. The company has been ordered to mention the transactions between the parent company and the subsidiaries in the annual report .
- Information regarding depreciation of intercompany debt of DKK 308 million in the parent company must be mentioned in the management’s report as well.
The corrective / additional information is announced in the attached document to this company release. Changes with corrective / additional information are marked with red.
Best regards
Tower Group A/S
Martin Coté
CEO
Questions regarding this release can be directed to Martin Coté CEO, on tel:
+420 725 716 755
