Company announcement no. 28/2013

Aalborg, Denmark, 2013-09-02 18:51 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, c/o Storm Capital Management Ltd., increased its
holding of TK Development shares on 28-30 August 2013 to a total of 10,300,216
shares, equal to 10.49 % of the share capital. 



The transaction was made as part of the rights issue completed today.





Contact details:

Frede Clausen, President & CEO

Tel. +45 8896 1010