RNS Number : 9793A

Kimberly Enterprises N.V.

01 October 2015

The RNS announcement 9240A, released on 1 October 2015 at 11:49, contained an error in respect of the date of termination of Mr Shamir's position as Chairman of ERD, which should have read 29 September 2015. All other text remains the same. The corrected version of the announcement is as follows:

Kimberly Enterprises N.V.

('Kimberly' or the 'Company')

Change of Director

Further to the announcement made on 20 May 2015, the Board of Kimberly, the AIM-quoted Eastern European residential property developer (KBE.L), has been notified that the term for satisfaction of all of the conditions included in the agreement for the transfer of the 2.87 million ordinary shares in Engel Resources and Development Limited ('ERD') held by GBES Limited (through advocates Yury Nechushtan and Eyal Neiger as receivers) (the 'Shares') to Tazlina Global Ltd. and Gabbay Group Ltd. has been extended to 1 November 2015. The Shares represent 53% of the voting rights and issued share capital of ERD. ERD controls Engel General Developers Limited, which holds 68.35% of the issued share capital of Kimberly.

In connection with the above agreement, Mr. Oded Shamir's positions as Chairman of the Board of Directors of ERD and as a director of Kimberly were terminated on 29 September 2015 and 30 September 2015 respectively.

A further announcement will be made in due course.

For further information, please contact:

Kimberly Enterprises N.V.
Assaf Vardimon
+31 20 778 4141
Cairn Financial Advisers LLP (Nomad)
Sandy Jamieson, Avi Robinson
+44 207 148 7900

This information is provided by RNS

The company news service from the London Stock Exchange

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