As outlined in notice number 54 on 6th January 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 17th February 2010 will not take action with respect to the loan-to-value breach. The Company is still in a positive ongoing dialogue with the Senior Bank with respect to finding a long-term solution. However, a final solution is not yet in place and the Company has therefore requested and received an extension of the stand-still period until 17th March 2010. During this period the senior loan cannot be terminated due to non-compliance of the loan-to-value condition. 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”) - Extension of stand-still period
| Quelle: Kefren Properties IX AB