Company announcement no. 22/2013

Aalborg, Denmark, 2013-08-15 08:32 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:            Storm Real Estate ASA

Cause:           Closely related to Morten E. Astrup, member of the Board of
Directors 

Issuer:            TK Development A/S

ISIN code:      DK0010258995

Description:    Shares

Transaction:   Sale

Trading date:  14 August 2013

Market:           NASDAQ OMX Copenhagen

Number:         55,666 shares

Share price:    DKK 288,628



Name:            Storm Real Estate ASA

Cause:           Closely related to Morten E. Astrup, member of the Board of
Directors 

Issuer:            TK Development A/S

ISIN code:      DK0060501583 (temporary code)

Description:    Pre-emptive rights

Transaction:   Purchase of pre-emptive rights

Trading date:  14 August 2013

Market:           NASDAQ OMX Copenhagen

Number:         167,000 pre-emptive rights

Share price:    DKK 50,384





Contact details:

Frede Clausen, President & CEO

Tel. +45 8896 1010