Kefren Properties IX AB
Kefren Properties IX AB, 556691-4031 (”Company”) – Extension of stand-still period

Kefren Properties IX AB 

05.11.2010 13:06

Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

As outlined in notice number 72 on 13th October 2010 to the OMX Nordic Exchange
Copenhagen, the Company has previously received a stand-still letter from the
Senior Bank, where the Senior Bank states that they until the 4th November 2010
will not take action with respect to the loan-to-value breach. 

The Company has now from the Agent of the Senior Loan received an extension
until 13th January 2011. During this period the Senior Loan cannot be
terminated due to non-compliance of the loan-to-value condition. The Agent has
informed that all lenders in the syndicate have agreed on the extension of the
stand-still until 13th January 2011. 

The Company is still in a positive ongoing dialogue with the Senior Bank with
respect to finding a solution to the loan-to-value breach. The Board of
Directors still expects that a solution can be found and presented for approval
at a bondholders meeting at a later date. At the bondholders meeting, scheduled
for 17th November 2010, the Company will give a general presentation of the
Company's situation. 
 


The Board of Directors


Please address questions relating to this Notice to Chairman Ole Vagner on
telephone +45 40254113 or via e-mail ole@vagner.dk. 

Further information about Kefren Properties IX AB is available on the Company's
website, www.kefren.se. 

News Source: NASDAQ OMX



05.11.2010 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Kefren Properties IX AB
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0030039300
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------