Aalborg, Denmark, 2011-05-30 11:00 CEST (GLOBE NEWSWIRE) -- In accordance with The Danish Securities Trading Act, Section 28a, TK Development shall give the following information about leading employees' and their closely related parties' transactions with TK Development A/S shares and related securities: Name: Niels Roth Cause: Chairman of the Supervisory Board Issuer: TK Development A/S ISIN code: DK0010258995 Description: Shares Transaction: Purchase Trading date: 27 May 2011 Market: NASDAQ OMX Copenhagen Number: 198,750 shares Share price: DKK 4,312,875. Name: Morgan Management ApS Cause: Closely related to Torsten E. Rasmussen, Deputy Chairman of the Supervisory Board Issuer: TK Development A/S ISIN code: DK0010258995 Description: Shares Transaction: Purchase Trading date: 27 May 2011 Market: NASDAQ OMX Copenhagen Number: 40,000 shares Share price: DKK 868,000. Name: PSP Holding ApS Cause: Closely related to Per Søndergaard Pedersen, member of the Supervisory Board Issuer: TK Development A/S ISIN code: DK0010258995 Description: Shares Transaction: Purchase Trading date: 27 May 2011 Market: NASDAQ OMX Copenhagen Number: 25,000 shares Share price: DKK 542,500. Name: Frede Clausen Cause: President and CEO Issuer: TK Development A/S ISIN code: DK0010258995 Description: Shares Transaction: Purchase Trading date: 27 May 2011 Market: NASDAQ OMX Copenhagen Number: 25,000 shares Share price: DKK 542,500. Name: Robert Andersen Cause: Executive Vice President Issuer: TK Development A/S ISIN code: DK0010258995 Description: Shares Transaction: Purchase Trading date: 27 May 2011 Market: NASDAQ OMX Copenhagen Number: 12,500 shares Share price: DKK 271,250. Contact details: TK Development A/S Frede Clausen, President & CEO Tel. +45 8896 1010