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.