Scandinavian Property Development ASA (OSL:SPDE) Hans Edvardsen Joins SPDE

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.

Edvardsen has significant experience from property development and management, from Posten, Entra, Ica, Forvaltningscompagniet and other companies.

- I am very pleased that a capacity like Hans Edvardsen joins our management team, in particular because SPDE is now entering a phase where industrial development is in focus, says Kaare Frydenberg, CEO of SPDE.

For further information on SPDE, please go to our website: www.spde.no

Scandinavian Property Development ASA

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