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22 June 2010.

PHASING OUT IØ

In connection with the recent budget cuts, the Danish government has decided to advance the phasing out of the Investment Fund for Central and Eastern Europe (IØ) by increasing the capital extraction from the Fund in the years 2011 to 2013.

As a result, IØ will stop making new investments as at 1 January 2011. For the remaining part of 2010, only new investments that had received a clearance in principle by 18 June 2010 and are deemed feasible by IØ and within the remaining budget will be carried through.