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

Kefren Properties IX AB 

05.11.2010 06:22

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

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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 therefore requested an extension of the stand-still period,
during which time the senior loan cannot be terminated due to non-compliance of
the loan-to-value condition. The Senior Bank is yet to reply to this request.
However, the Company expects to receive a positive reply either later today or
at the beginning of next week. 

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 time. 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



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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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