Conversion of C shares

16 Oct 2008 14:25



Speymill Deutsche Immobilien Company plc

("SDIC" or "the Company")

Conversion of C Shares

Further to the publication today of SDIC's results for the year ended 30 June 2008, the Company confirms that the conversion of the Company's C shares into ordinary shares will become effective following close of business today.

As detailed in the Company's results announcement made today, the conversion ratio is 0.68977 ordinary shares per C share. The final number of new ordinary shares into which the C shares will convert will be calculated by reference to the Company's shareholder register as at close of business today.

Application has been made for the existing C shares (ISIN number IM00B1W67F64) to be cancelled from trading and for the new ordinary shares resulting from the conversion of the C shares to be admitted to trading on AIM with effect from the opening of business on 17 October 2008.

For more information, please visit www.sdic.co.im or contact: