Agat Ejendomme

AGM Information • May 24, 2012

Aalborg, Denmark, 2012-05-24 19:03 CEST (GLOBE NEWSWIRE) --

Annual General Meeting of TK Development A/S on 24 May 2012

Today the Annual General Meeting of TK Development A/S was held.

Items 1-3 on the agenda were considered and adopted in accordance with the
submissions. No divi­dend will be distributed for the 2011/12 financial year.

The Supervisory Board's proposal regarding authorization for the Supervisory
Board to issue warrants, see item 4.1.1 of the agenda, lapsed as the
Supervisory Board announced at the beginning of the General Meeting that it
withdrew the proposal.

The Supervisory Board's proposal that the capital reduction amount of nominally
DKK 140,219,050 allocated to a special reserve following adoption of the
capital reduction at the Company’s General Meeting on 1 July 2010, be
transferred to the Company’s distributable reserves and thus placed at the free
disposal of the Supervisory Board, was adopted; see item 4.1.2 of the agenda.

In accordance with item 5 of the agenda, the proposal to the effect that the
Supervisory Board be composed of seven members was adopted. The following
per­sons were re-elected: Niels Roth, Torsten Erik Rasmussen, Per Søndergaard
Pedersen, Jesper Jarlbæk and Jens Erik Christensen. Peter Thorsen and Ernst
Michaelsen were newly elected.

Nielsen & Christensen, Statsautoriseret Revisionspartnerselskab, and Deloitte,
Statsautoriseret Revi­sionspartnerselskab, were re-elected as the Company’s
auditors; see item 6 of the agenda.

After the Annual General Meeting, a meeting was held for the purpose of
electing officers, with Niels Roth being re-elected as the Chairman, and
Torsten Erik Rasmussen being re-elected as the Deputy Chairman of the
Supervisory Board.

TK Development A/S

Niels Roth

Chairman of the Supervisory Board

     Contact details:
     TK Development A/S
     Frede Clausen, President and CEO
     Tel. +45 8896 1010