Share Premium Account

30 Aug 2006 10:23

Speymill Deutsche Immobilien Co PLC30 August 2006 Speymill Deutsche Immobilien Company plc ("SDIC" or "the Company") Cancellation of Share Premium Account Speymill Deutsche Immobilien Company plc, the pan-German residential propertyinvestment company listed on AIM, announces that on 24 August 2006 it receivedconfirmation from the High Court of Justice of the Isle of Man of its approvalfor the Company to cancel the amount of the share premium account and for suchamount to be credited as a distributable reserve. SDIC stated its intention to seek such approval in its admission document dated13 March 2006. Having received court approval, the amount of the share premiumaccount so cancelled will be credited as a distributable reserve which will beable to be applied in any manner in which the Company's profits available fordistribution are able to be applied. 30 August 2006 This information is provided by RNS The company news service from the London Stock Exchange