EURO Frk Eur Igc Etf

EuroTrust A/S
07 November 2007


Press release
For immediate release
7 November 2007


                                 EuroTrust A/S


                           City development agreement



EuroTrust A/S ("EuroTrust" or "the Company") (AIM:EURO), the wind energy and
property development company, announces that Aktiv Gruppen Holding A/S ("Aktiv
Gruppen"), the Company's wholly owned property development subsidiary, entered
into an agreement earlier today with the municipality of Herning ("Herning")
concerning an 800 hectares city development.


The agreement relates to the Jutland development referred to in the Company's
2007 annual report. Under the agreement, the parties will incorporate a joint
company within the next twelve months, in which Herning own will 40% of the
shares and Aktiv Gruppen will own 60%. Herning will contribute 356 ha. of land
with a value of DKK 79.6 million (EUR 10.7 million) into the joint company, with
Aktiv Gruppen contributing DKK 119.4 million (EUR 16.0 million).


It has been agreed that the joint company's first development project will be to
develop 945 plots of land for villas and town houses as well as adjacent leisure
facilities including a 45 hole golf course, water sports facilities and a ski
dome.The necessary planning for the first development project will take place
within the next 18 months.


The agreement states that Herning will sell its shares when all the necessary
planning consents for the first development are in place. Aktiv Gruppen will, at
that time, have the right to purchase the shares from Herning.


The first development project is expected to be completed over the next decade,
and is expected to generate revenues for EuroTrust and Aktiv Gruppen from 2009/
10 as sales of the residential developments commence.


It is intended that, over the next 10 years, the joint company will purchase up
to 444 hectares of additional land to develop further leisure, commercial and
service developments.


Robert Skjodt, CEO, commented: "This is an important milestone in EuroTrust's
development. It is the first agreement of its kind in Denmark where a
municipality and a private company have come together to develop an entire city
district. The Directors consider the selection of Aktiv Gruppen for this project
to be a strong endorsement of the quality of Aktiv Gruppen's team and offering".





                                    --ENDS--





For further information please contact:

EuroTrust                                                 00 45 7696 6000

Robert Skjodt


Aktiv Gruppen Holding                                     00 45 7696 6000

Peter Juul


Cenkos Securities                                         00 44 (0)20 7397 8926

Stephen Keys


West Hill Corporate Finance                               00 44 (0)20 7464 8822

Alan Richards


Haggie Financial                                          00 44 (0)20 7417 8989

Peter Rigby/Alexandra Parry


Notes to Editors:

EuroTrust


EuroTrust A/S is a leading Danish property developer and renewable power
producer listed on the AIM market of London Stock Exchange. EuroTrust A/S has
171 MW of wind power generation in operation or under construction in Germany,
Italy, Spain and Poland, and 44 commercial and residential property development
projects in Denmark and Norway.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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