DDE Develica

 

TIDMDDE 
 
RNS Number : 4691Q 
Develica Deutschland Ltd 
03 August 2010 
 

FOR IMMEDIATE RELEASE 
 
 
3 August 2010 
 
 
Develica Deutschland Limited: 
 
FAIR VALUE ADJUSTMENT OF INTEREST RATE SWAPS 
 
Develica Deutschland Limited (Develica or "the Company"), the AIM-listed German 
property investor, today announces that the unaudited fair value adjustment of 
its interest rate swaps as at 30 July 2010 showed a liability of approximately 
EUR52.5m compared to a liability of EUR62.9m at 31 March 2010. 
 
The Company emphasises that the value of the interest rate swaps has no cash 
impact on the business or on Develica's debt covenants. The swaps are held in a 
special purpose vehicle and the above liabilities would only crystallise on 
disposal. 
 
Develica intends to continue reporting the current fair value adjustment of its 
interest rate swaps on a quarterly basis. 
 
Ends. 
 
Contacts: 
 
Derek Butler, Chairman, Develica.                          Tel: 020 7016 1860 
 
Baron Phillips, Baron Phillips Associates.                Tel: 020 7920 3161 
 
   07767 444 193 
 
Philip Secrett, Grant Thornton Corporate Finance.  Tel: 020 7728 2578 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCKKNDQQBKDFFK 
 

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