Disposal

Kimberly Enterprises N.V.

("Kimberly" or the "Company")

Disposal

The Board of Kimberly, the AIM-quoted Eastern European residential property developer (KBE.L), announces that it has reached a conditional agreement (the "Agreement") to sell a plot designed for residential proposes in the Czech Republic for a total cash consideration of CZK 195m (approximately €7m).

The net proceeds of the disposal are expected to be approximately €6m (Kimberly share is 50% - €3m) and the profit of the transaction is expected to be approximately €1.3m which will be booked in the accounts of Kimberly under the "share of loss of equity-accounted investments, net of tax".

Completion of the Agreement is subject to a number of precedent conditions, and is planned to take place on or before 17 February 2015.

A further announcement will be made in due course.

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