Scandinavian House Development SA (“Scandinavian House” or the “Company”) has entered into an agreement with Bankhaus Neelmeyer AG, Bremen, Germany, for depositary and clearing services as well as to act as the Company’s paying agent in Germany. With this cooperation, Scandinavian House has achieved a further important milestone to reach its qualifications for a going public and inclusion of its shares on a European Stock Exchange Market.

Contact:

SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
E-Mail: info@scandinavianhouse.net
Internet: www.scandinavianhouse.net

Disclaimer; Forward-Looking Statements:

This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.  

On its shareholders meeting held on 18^th, June 2013, Scandinavian House Development SA (“Scandinavian House” or the “Company”) has appointed three additional Directors to its Board. The increase of the Board reflects the company’s intention and commitment to be prepared for the expected expansion of business into the other Scandinavian countries as well as to enter the European market for ecological construction. The Board now consists of Mr. Marco Zanatti from Switzerland (Chairman and President), Mr. Gert Hedström from Sweden (Director), Mr. Göran Lindberg from Sweden (Director) and Mr. Hans Wahlberg from Sweden (Director).

Contact:

SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
E-Mail: info@scandinavianhouse.net
Internet: www.scandinavianhouse.net

Disclaimer; Forward-Looking Statements:

This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.  

On its shareholders meeting held on 18^th, June 2013, Scandinavian House Development SA (“Scandinavian House” or the “Company”) also has resolved an authorized capital increase from currently CHF 4,300,000 by CHF CHF 2,150,000 to CHF 6,450,000. The capital increase can be implemented by the Board of Directors for various purposes and in portions. The authorization for the capital increase is valid for two years. By this authorization the Board of Directors is now in the situation to react more flexible and fast to catch opportunities for further acquisitions of suitable companies or the formation of Joint Ventures that may support the business plan and the company’s goal for an international expansion.

Contact:

SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
E-Mail: info@scandinavianhouse.net
Internet: www.scandinavianhouse.net

Disclaimer; Forward-Looking Statements:

This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.  

Scandinavian House Development SA (“Scandinavian House” or the “Company”) has acquired 100% of the shares of Swedish construction company E3-Hus Produktion AB, located in Bålsta, Sweden. E3 Hus is one of Sweden’s leading construction companies focused on design and construction of modules to built ready-made low-energy residential houses, fabrication halls, school buildings and small and easy to build container solutions. By this acquisition the share capital of Scandinavian House has been increased to a total of CHF 4,300,000. The acquisition has been completed in January 2013.

Contact:

SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
E-Mail: info@scandinavianhouse.net
Internet: www.scandinavianhouse.net

Disclaimer; Forward-Looking Statements:

This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.  

Scandinavian House Development SA (“Scandinavian House” or the “Company”) has signed an agreement to acquire the unique construction know-how and license rights for low-energy construction with high insulation building modules from Sweden based construction developer Mr. Åke Levén in 2011. Mr. Levén has developed an extraordinary wall, roof, ceiling and floor element construction method that offers the opportunity to design and build ecologically friendly and energy saving buildings at relatively low costs. By this step the Company has commenced its new business area for the design and construction of ecological buildings in various forms and sizes. The acquisition has been completed in June 2012.

Contact:

SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
E-Mail: info@scandinavianhouse.net
Internet: www.scandinavianhouse.net

Disclaimer; Forward-Looking Statements:

This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.