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BPT Asset Management Appoints New Chairman of the Board

21 August 2007 Related to

We are pleased to announce that Mr. Henning Kruse Pedersen (born 1947) has been appointed Chairman of the Board as of September 1st 2007.

The appointment is a part of a long-term strategy that is to strengthen the business and increase our market share in the Baltic Sea Region. Mr. Henning Kruse Pedersen is a highly professional and experienced board member and we are convinced that his chairmanship will be a valuable asset and that he will be a benefit to our business in the future.

Mr. Kruse Pedersen holds a Masters Degree in Danish Law (cand.jur.) from Aarhus University and currently holds the position as Group Managing Director at Nykredit - one of the major players in the Danish financing industry.

Mr. Kruse Pedersen is Chairman of the Board in Nykredit Bank A/S, LeasIT A/S, Advizer A/S, and The Danish Research Fund. Moreover, he currently holds positions as a board member at Øresundskonsortiet A/S, The East Asiatic Company and SPEAS and EQT.

The BPT Asset Management Board of Directors now counts the following members, who will form a solid base for BPTs future activities:
Chairman - Group Managing Director Henning Kruse Pedersen, Nykredit
Board Member - Managing Partner and Attorney-at-law Søren Johansen, Kromann Reumert
Board Member - Consultant, M.Sc Econ. Business and Political Science Johan Lind, Tilian & Co.

We are confident that this new and independent board of directors will be a valuable asset in the years to come.

Yours sincerely,
BPT Asset Management A/S

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