Disposal

Kimberly Enterprises N.V.

("KE" or the "Company")

Disposal

The Board of KE, the AIM-quoted Eastern European residential property developer (KBE.L), is pleased to announce the sale of a residential development plot in Czech Republic ("Veleslavin phase 2") for a total cash consideration of CZK 63 million (approximately €2.3 million).

The net proceeds of the disposal are expected to be approximately €1.8 million (of which KE's share is 25% - €0.45 million). The profit of the transaction is not expected to be material and will be recorded in the accounts of KE under the "share of loss of equity-accounted investments, net of tax".

For further information, please contact: