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 2009/10 financial year. 

The Supervisory Board's proposal regarding authorization to acquire treasury
shares, and that the authorization be granted for a period of five years, was
adopted, see item 4.a.1 of the agenda. 

The Supervisory Board's revised proposal for new general guidelines for the
Company's remuneration of the Supervisory Board and the Executive Board was
adopted, see item 4.a.2 of the agenda. 

The Supervisory Board's proposal to alter the Company's Articles of
Association, primarily as a consequence of the new Danish Companies Act, was
adopted, see item 4.a.3 of the agenda. 

The Supervisory Board's proposal regarding authorization to issue warrants to
the Executive Board and senior staff members in the period from 25 May 2010 to
30 June 2010, without a pre-emptive right for the Company's existing
shareholders for a total of up to nominally DKK 8,000,000, and to implement a
capital increase by one or more issues by an amount of up to nominally DKK
8,000,000 in connection with the exercise of the warrants, without a
pre-emptive right for the existing shareholders, was adopted, see item 4.a.4 of
the agenda. 

With reference to item 5 of the agenda, a resolution was adopted to the effect
that the Supervisory Board will still be composed of six members. Poul
Lauritsen did not stand for re-election. The following persons were re-elected:
Torsten Erik Rasmussen, Per Søndergaard Pedersen, Kurt Daell, Jesper Jarlbæk
and Niels Roth. Jens Erik Christensen was newly elected. 

Nielsen & Christensen, Statsautoriseret Revisionspartnerselskab, and Deloitte,
Statsautoriseret Revisionsaktieselskab, 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 elected as the new Chairman, and
Torsten Erik Rasmussen being re-elected as Deputy Chairman of the Supervisory
Board. 

TK Development A/S

Niels Roth
Chairman of the Supervisory Board


Please direct any queries regarding this Company Announcement that you may have
to the Executive Board of TK Development A/S, tel. +45 8896 1010.