Property Bonds VIII (Sverige II) A/S
Non-payment of bond interest
Keops EjendomsObligationer VIII A/S / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Published to NADAQ OMX Copenhagen via Company News Service on 23 January 2009 Landic Property Bonds VIII (Sverige II) A/S - Company Statement Non-payment of bond interest The company hereby announces that interest payment on bonds issued by the company will not be paid on the Settlement Date 9 February 2009. This announcement affects the following bond issue: ISIN: DK0030021449 Nominal Amount (DKK) 410,000,000 The company's senior lender has served a notice of default on the company with reference to the senior loan agreement claiming that the company is not in compliance with the loan to value covenant. As a result, the senior lender has declined the release of sufficient funds from the accounts of the Landic VIII-group to meet the payment of the bond interest on the Settlement Date. The Company is in dialogue with the senior lender to try and find a resolution. Furthermore, the Company will agree with The Bond Bank and the Special Servicer on the mandatory steps in accordance with the provisions in the prospectus. If the non-payment exists beyond 8 days after the Settlement Date The Bond Bank is obligated to call for a Bond Owners' Meeting with a notice of not less than 8 days. Please address questions relating to this notice to Gunnar Petersen, Chairman of the Board, on telephone +45 3378 4000. News Source: NASDAQ OMX 23.01.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Keops EjendomsObligationer VIII A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0030021449 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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