TK Development anticipates continued growth

Updated profit forecast for 2007/08, projecting a profit of  DKK 240-250
million after tax and minority interests. Profit forecast of about DKK 300
million after tax for the 2008/09 financial year. 

Summary: 
The Group expects a profit of DKK 240-250 million after tax and minority
interests for the 2007/08 financial year. 
For the 2008/09 financial year, the Group expects to generate a profit after
tax of about DKK 300 million. 
A satisfactory number of new projects was added to the portfolio during the
period under review. 
The Group's project portfolio has developed as planned, comprising a total of
1,306,000 m² at 31 October 2007. At the end of January 2008, the project
portfolio is expected to amount to about 1.1-1.2 million m², the same level as
at 31 July 2007. 
This stock exchange announcement has been issued to update the profit forecast
for the current financial year, and to provide information about the
development in newly added projects, the progress of projects in the existing
project portfolio and the development in the Group's project portfolio. The
content structure of this announcement will be the same in future quarterly
interim reports, which the Group will issue after the end of Q1 and Q3 as from
the 2008/09 financial year. 
In addition, this announcement contains the profit forecast for the next
financial year.