Scandinavian Property Development ASA (OSL:SPDE) FINANCIAL CALENDAR 2009

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

February 18: 4th quarter 2008 May 13: 1st quarter 2009 August 28: 2nd quarter 2009 November 6: 3rd quarter 2009

The Annual General Meeting will be held on May 13.

Time and venue will be announced at a later stage.

For more information about SPDE, please visit our website: www.spde.no

For further information, please contact:

Kaare Frydenberg (CEO), +47 958 92 185

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Scandinavian Property Development ASA

http://www.scandinavianpropertydevelopment.no

ISIN: NO0010354269

Stock Identifier: XOSL.SPDE