Duty case between IC Companys A/S and the Canada Border Services Agency (CBSA)

The CBSA in Canada has performed a customs audit of the value for duty employed
by IC Companys Canada Inc. when importing goods into the Canadian market. In
this connection the CBSA has concluded that IC Companys has employed a too low
value for duty. Consequently, the CBSA has imposed IC Companys Canada Inc. to
in-crease both its future value for duty as well as its value for duty with
retrospective application for 4 years as from 14 September 2010. 

The increase of the value for duty for the past 4 years leads to a
non-recurring cost of DKK 15 million and accrued interest of DKK 4 million.
Both items are fully tax deductible upon recognition of taxable income and have
a de-ductible value of DKK 4 million. The costs will be recognised in the
consolidated accounts for the first quarter 2010/11. 

IC Companys does not agree with the ruling from the CBSA and expects to appeal
the case to the relevant authori-ties in Ca¬nada. 

It is expected that the above-mentioned costs may be contained in the Group's
guidance for the financial year 2010/11 with an estimated operating profit in
the region of DKK 320-360 million. 



IC Companys A/S

Niels Mikkelsen 
Chief Executive Officer



Please direct any questions regarding this announcement to:	

Thomas Rohold
Head of Investor Relations and Corporate Risk
+45 3266 7093




This announcement is a translation from the Danish language. In the event of
any discrepancy between the Danish and English versions, the Danish version
shall prevail.