As outlined in notice number 57 on 17 February 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 17 March 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 and a specific solution is currently being negotiated. However, a final suggestion for an agreed proposal is not yet in place and the Company has therefore requested, and received, an extension of the stand-still period until 28 April 2010. During this period the senior loan cannot be terminated due to non-compliance of the loan-to-value condition. The Company expects, prior to the expiry of the extended stand-still period, to be able to call a bond holders meeting for the purpose of presenting a specific restructuring proposal of the debt of the Company. 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