Disposal of Assets

Kimberly Enterprises N.V.

('Kimberly' or 'the Company')

Disposal of Assets

Kimberly, the AIM-quoted Eastern European residential property developer (KBE.L), announces that, following the appointment of a liquidator to Engel Ingatlan Ingatlanfejlesztő Kft. ("Ingatlan"), a subsidiary of ENMAN BV ("Enman"), which owns the Punko project in Budapest, Hungary, Ingatlan will no longer be included in the consolidated financial statements of Enman, resulting in an estimated book profit of €2.6m. As Kimberly has a 25% interest in Enman, the deconsolidation will result in a book profit of €0.645m in the consolidated accounts of Kimberly.

ENDS

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