GN Corporate Headquarters in Copenhagen Sold

COPENHAGEN, Denmark, July 15, 2003 (PRIMEZONE) -- GN Store Nord (Other OTC:GGNDF):

In accordance with the plans to relocate central staff and operational units, GN has sold its head office property in central Copenhagen to Nordicom A/S at a price of DKK 65 million. Nordicom will take over the property in December 2003.