Value adjustment reduces results for 2008 - Implementation of new strategy proceeds satisfactorily

HIGHLIGHTS:

•      An examination and updated value adjustment of the company assets means
       that the Board of Directors is downgrading their earnings expectations
       for 2008 to a negative DKK 260 million. 

•      The equity subsequently amounts to DKK 1,043 million while the company's
       ratio of self-financing (equity and deferred tax) can presently be
       calculated as 25 per cent (fixed target: 30 per cent). 

•      The Board of Directors recommends to the general meeting that no
       dividend be paid for 2008. 

•      At present the Board of Directors expects to break even in 2009 - before
       value adjustments and profits on the sale of properties. 

•      The change of strategy adopted by the Board of Directors at the end of
       2008 has now been translated into a concrete action plan, which is now
       being implemented and is supported by the financial partners of the
       company.