Aalborg, Denmark, 2012-07-24 17:23 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 notifications from:

Carl Ejler Rasmussen Holding Sweden AB, c/o Carl Ejler Rasmussen & Co. A/S,
Amaliegade 13 A, DK - 1256 København K, to the effect that the company today
has sold its holding of 2,120,846 TK Development shares, whereafter the company
has no shares in TK Development A/S. 

Storm Capital Management Ltd., 100 New Bond Street, London W1S 1SP, United
Kingdom, to the effect that Storm Real Estate ASA c/o Storm Capital Management
Ltd. today has increased its holding of TK Development shares to a total of
3,270,400 shares, equal to 7,77% of the share capital. 

Strategic Capital ApS., Islands Brygge 79 C, DK – 2300 København S, to the
effect that the company today has increased its holding of TK Development
shares to a total of 2,639,123 shares, equal to 6,27% of the share capital. 

Contact details:

TK Development A/S

Robert Andersen, Exec. Vice President

Tel. +45 2527 1247