KPMG International and EY Global Limited announce that they have reached agreement

27 June 2014

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Schedule 3 

Agreed public statement 

KPMG International and EY Global Limited announce that they have reached agreement on all outstanding issues associated with their respective Danish practices. The agreement includes mutually satisfactory terms which, amongst other things, provides that as of 1 July 2014 KPMG 2014 and Accura Tax become the Danish KPMG practice and KPMG Denmark exits KPMG and joins EY. All other terms of the settlement remain confidential.

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This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.