Company announcement no. 23/2013

Aalborg, Denmark, 2013-08-16 10:48 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:  15 August 2013

Market:           NASDAQ OMX Copenhagen

Number:         80,000 shares

Share price:   DKK 412,904



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:  15 August 2013

Market:            NASDAQ OMX Copenhagen

Number:          240,000 pre-emptive rights

Share price:    DKK 68,976





Contact details:

Frede Clausen, President & CEO

Tel. +45 8896 1010