Agat Ejendomme

Board/Management Information • May 23, 2012

Aalborg, Denmark, 2012-05-23 08:29 CEST (GLOBE NEWSWIRE) --

The notice convening the Annual General Meeting of TK Development A/S – to be
held on 24 May 2012 at 15.00 p.m. at Aalborg Kongres & Kultur Center,
Europahallen, Europa Plads 4, DK-9000 Aalborg – sets out the Supervisory
Board’s proposal in item 5 of the agenda to the effect that the Supervisory
Board remain composed of five members (see Company Announcement No. 5 of 1 May
2012).

Subsequently, a few major shareholders have contacted the Company and expressed
the wish that the Supervisory Board be supplemented by another two members in
order to reinforce the Supervisory Board's overall competency profile.

Against this background, the Supervisory Board has decided to propose at the
Annual General Meeting that the Supervisory Board be composed of seven members
in future.

Niels Roth, Torsten Erik Rasmussen, Per Søndergaard Pedersen, Jesper Jarlbæk
and Jens Erik Christensen are all prepared to stand for re-election. In
addition, Ernst Michaelsen and Peter Thorsen will stand for election to the
Supervisory Board.

The profiles of all seven nominated candidates are available at the Company’s
website, www.tk-development.com.