Agat Ejendomme

Major Shareholding Notification • Aug 16, 2013

Company announcement no. 24/2013

Aalborg, Denmark, 2013-08-16 10:52 CEST (GLOBE NEWSWIRE) --

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