Luxor B — Interim / Quarterly Report 2017

Jun 12, 2017

The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the
Half-year Report as at 31 March2017.

Second quarter of the financial year:

-- Basic earnings amount to DKK 5.9 million (DKK 5.7 million), which is in
line with expectations.

-- The Group’s results for the quarter before tax show a profit of DKK 10.5
million (DKK 5.5 million).

Half-year 2016/17:

-- Basic earnings for the half-yearamount to DKK 13.1 million (DKK 14.5
million).

Basic earnings for the half-year are negatively affected by lower net financial
income from bonds and an increase in planned costs relating to investment
properties, and are positively affected by lower net losses on mortgage deeds.

-- The Group’s results before tax for the half-year show a profit of DKK 23.4
million (DKK -4.0 million).

The results for the half-year are positively affected by DKK 10.3 million,
which primarily relates to net positive fair value adjustments and realised
gains on bonds as well as positive fair value adjustments on interest swaps etc
not included in basic earnings.

-- The net asset value per share in circulation is DKK 349.56 (DKK 331.17).
The net asset value per share in circulation is significantly affected by
the dividend distribution of DKK 25 million in January 2017, corresponding
to DKK 25 per share.

Expected profit for the year 2016/17:

-- At present, basic earnings of approx. DKK 24.0 million are still expected
for the financial year 2016/17, which is in accordance with the
announcement of 27 February 2017.

Fair value adjustments and losses and gains realised on bonds, foreign
currencies and interest swaps, etc are not included in basic earnings and will
from the beginning of the financial year until 18 May 2017 affect results for
the year before tax positively by DKK 5.1 million. The amount is distributed
with DKK 10.3 million in the first half of the financial year and DKK -5.2
million in the period 1 April to 18 May 2017.

For additional information concerning this Half-year Report, please contact
Jannik Rolf Larsen, CEO.

     Jannik Rolf Larsen, CEO