Published to the OMX Nordic Exchange Copenhagen via Company News Service on 7 December 2009. Kefren Properties IX AB, 556691-4031 (”Company”) Addendum to notification of Bond Holder's meeting As stated in notice No. 49 published 19 November 2009 a Bond Holder's meeting for the owners of bonds issued by the Company is to be held on Thursday 10 December 2009. Below is the Company's addendum to the published agenda. Definitions (translated from Danish) used in the Prospectus dated the 27 October 2006 concerning bonds issued by the Company are also used in the following. The Bond Holder's meeting was called with the following agenda: 1. Election of Chairman 2. Reason for the Bond Holder's meeting Non payment of timely bond interest 3. Statement from the Issuer 4. Decision regarding termination of the bonds, if possible, unless termination has already been given 5. Information about the property values according to received valuation 6. Decision about a possible sale of the property portfolio 7. Decision about a possible forced enforcement of the mortgages 8. Decision about the payment of costs in excess of the balance on the proceeds account 9. Decision about a possible request from the Issuer to change the bond terms 10. Any other business The Company has the following addendum to the Agenda: Re 2 and 3: The Company will at the meeting present a presentation which will be published on the Stock Exchange prior to the meeting. Re 4: According to the Prospectus p. 23 under "Bond Terms, Breach/realisation" the Bonds shall not be terminated for redemption without the consent of the lenders secured by the Senior Priorities. It should be noted that Barclays have announced that they will not give consent for the Bond Holders to terminate the Bonds for redemption. Re 5: At the meeting the Special Servicer will go through the most recent valuation undertaken at the request of the Senior Lenders. The Company has pledged DKK 500,000 for the benefit of the Bond Holders for the costs of organizing Bond Holder's Meetings and commissioning valuations. The Special Servicer has indicated that they will not be requesting a new valuation, primarily because it will not change the Senior Lender's view on the breach of the Loan-to-Value condition. Re 6-8: The Bonds cannot be terminated, cf. item 4, why it is not relevant to take any decision about sale of the properties, forced enforcement of mortgages or the payment of costs in excess of the balance on the proceeds account. Re 9: The Company has no requests regarding changes of the bond terms. 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.
Kefren Properties IX AB, 556691-4031 (”Company”) Addendum to notification of Bond Holder's meeting
| Quelle: Kefren Properties IX AB