Announcement no. 06-2011. Published to Nasdaq OMX Copenhagen via Thomson Reuters ONE April 7(th) 2011 Wind parks in Eastern Europe - cooperation will not be continued. In announcement no. 07 -2010 information it was stated, that Nordic Development Group had signed Letter of Intent with Siva Group, India Based Conglomerate, concerning development of 3 wind parks in Eastern Europe using turbines from WinWinD Oy, Finland. After protracted negotiations it has been established that a final agreement cannot be reached and that the cooperation will not be continued. Nordic Development Group will continue to work with the 3 wind park projects and other projects in cooperation with other potential investors. Earnings contribution from this agreement was not expected in the current financial year and the cancellation of it, will not affect the Group's profit expectations this financial year. Any inquiries regarding this message: Søren Stensdal, CEO ss@asgaardgroup.com or (+45) 3311 0024 [HUG#1504369]