Trade update

Kimberly Enterprises N.V.

('Kimberly' or 'the Company')

Trade update

Kimberly, the AIM-quoted Eastern European residential property developer (KBE.L), announces that a receiver was appointed by court in Poland due to the overdue bank loan amounting to, as of 31 December 2011, €6.2m in relation to Palace Engel III sp zoo, a wholly owned subsidiary of Kimberly, which owns the Krakow project in Poland. The bank loan is non-recourse to the rest of the Kimberly Group.

The book value of the plot as at 31 December 2011 was €4.4m.

The Company is examining the financial treatment according to which it will cease to consolidate this subsidiary which will result in an estimated profit of €1.8m under the accounting policies adopted by the Company.

ENDS

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