Scandinavian Property Development ASA

Scandinavian Property Development ASA (OSL:SPDE) Scandinavian Property Development ASA (SPDE) will present its financial statements on the following dates in 2009:

Scandinavian Property Development ASA (OSL:SPDE) Stine Rolstad Brenna (43) has been hired as the new CFO of Scandinavian Property Development ASA, and will enter into the position by late winter/spring. She follows Nina Hammerstad, who has acted in the function since the end of October 2008.

Scandinavian Property Development ASA (OSL:SPDE) SPDE has entered into a loan agreement with three of the company's shareholders (Orkla Eiendom AS, OBOS Forretningsbygg AS and Canica AS). The loan is arranged as a loan facility with an upper limit of MNOK 250, with maturity until March 31st, 2009.

Scandinavian Property Development ASA (OSL:SPDE) Scandinavian Property Development ASA has announced its financial results for 32 2008.

Scandinavian Property Development ASA (OSL:SPDE) Scandinavian Property Development (SPDE) has hired Anne Grete Ellingsen in a newly established position as Director of Communications. Ms. Ellingsen will be responsible for communications and marketing, and will be part of the company's management team.

Scandinavian Property Development ASA (OSL:SPDE) Scandinavian Property Development ASA (SPDE) will present the financial results for the third quarter of 2008 on Thursday November 6 at 08:30.

Scandinavian Property Development ASA (OSL:SPDE) Nina Hammerstad will take over as CFO in SPDE after Are Njåstein from November 1st this year.

Scandinavian Property Development ASA (OSL:SPDE) Hans Edvardsen (52) joins SPDE as a director, and will begin from December 1st this year. Edvardsen will become part of the company's management team, where his responsibilities will include the company's different support functions. In addition, he will support the line management in specific property projects.

Scandinavian Property Development ASA (OSL:SPDE) Scandinavian Property Development ASA (SPDE) has, on behalf of subsidiary company Fornebu Boligspar AS, decided to delay construction start for Storøya (section 6.0) at Fornebu. SPDE will reconsider the question in the spring 2009, regarding a possible construction start in the summer 2009.

Scandinavian Property Development ASA (OSL:SPDE) Scandinavian Property Development ASA has announced its financial results for Q2 2008.