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

Kefren Properties IX AB 

13.01.2011 23:00

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

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As outlined in notice number 75 on 5th November 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 January 2011
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 25th February 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 25th February 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. 



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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