Agat Ejendomme

Major Shareholding Notification • Aug 16, 2013

16 August 2013 CVR no. 24256782 Company announcement no. 24/2013 Page 1 of 1

NASDAQ OMX Copenhagen A/S Nikolaj Plads 6 Copenhagen

Major shareholder announcement

With reference to section 29 of the Danish Securities Trading Act, TK Development A/S hereby makes the following announcement:

TK Development A/S, ISIN DK0010258995, has received notification from Storm Capital Management Ltd., 100 New Bond Street, London W1S 1SP, UK, to the effect that Storm Real Estate ASA/Storm Nordic Fund SICAV, both c/o Storm Capital Management Ltd., reduced their holdings of TK Development shares on 15 August 2013 to a total of 4,204,876 shares, equal to 9.996 % of the share capital.

With reference to company announcements nos. 21, 22 and 23, Storm Real Estate ASA has sold a total of 275,666 shares and bought 827,000 pre‐emptive rights. The company has confirmed that it will subscribe for new shares under the pre‐emptive rights acquired, after which the company's shareholding in TK Development A/S will once again exceed 10 %. Following the implementation of this purchase, a separate announcement will be issued.

Contact details: Frede Clausen, President & CEO Tel. +45 8896 1010