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

Kefren Properties IX AB 

13.10.2010 12:59

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The issuer is solely responsible for the content of this announcement.

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As outlined in notice number 70 on 8th September 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 13th
October 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 4th November 2010. During this period the Senior Loan cannot be
terminated due to non-compliance of the loan-to-value condition. 

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 model can be found and presented for approval on
a bondholders meeting. 
 


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



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