TIDMDDE 
 
RNS Number : 8331T 
Develica Deutschland Ltd 
05 October 2010 
 

FOR IMMEDIATE RELEASE 
 
5 October 2010 
 
                          DEVELICA DEUTSCHLAND LIMITED: 
                  FAIR VALUE ADJUSTMENT OF INTEREST RATE SWAPS 
 
Develica Deutschland Limited ("the Company"), the AIM-listed German property 
investor, today announces that the unaudited fair value adjustment of its 
interest rate swaps as at 30 September 2010 showed a liability of approximately 
EUR51.6m compared to a liability of EUR62.9m at 31 March 2010 (audited). 
 
The Company emphasises that the value of the interest rate swaps has no cash 
impact on the business or on the Company'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. 
 
Contact: 
            Derek Butler, Chairman, Develica. 
Tel:    020 7016 1860 
Philip Secrett, Grant Thornton Corporate Finance.       Tel:    020 7383 5100 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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