Landic Property Bonds VI (Sverige) A/S
Non payment of bond interest
Landic Property Bonds VI (Sverige) 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 26 June 2009 Landic Property Bonds VI (Sverige) A/S - Company Statement Non-payment of bond interest The company hereby announces that the interest payment on bonds issued by the company will not be paid on the Settlement Date 5 July 2009. This announcement affects the following bond issue: ISIN: DK0030005400 Nominal Amount (DKK) 60.000.000 ISIN: DK0030005590 Nominal Amount (DKK) 263.000.000 As announced in Notice to the Stock Exchange No. 38, published on 4 June 2009, the company's senior lender has served a notice of default on the company and subsidiaries with reference to the senior loan agreement claiming that the company and subsidiaries are not in compliance with the Loan To Value covenant (The value of the real estate portfolio compared to the debt on the outstanding senior bank loan). As a result, the senior lender has declined the release of sufficient funds from the bank accounts of the company and subsidiaries to meet the payment of the bond interest on the Settlement Date. The Company is in ongoing dialogue with the senior lender in order to find a solution. Furthermore, the Company will in co-operation with The Bond Bank and the Special Servicer handle the mandatory steps, in relation to the bond holders, in accordance with the provisions in the Prospectus. If the non-payment of the bond interest exists beyond 8 days after the Settlement Date then 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 Company Secretary, Klaus T. W. Lund, on telephone +45 3378 4000. The text is prepared in Danish and this text is an unauthorised translation. The articles of association are attached in a Danish version. News Source: NASDAQ OMX 29.06.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Landic Property Bonds VI (Sverige) A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0030005400 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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