Kefren Properties IX AB, 556691-4031 (“the Company”) - Loan-to-Value breach expected

As set out in the latest published half-year accounts the performance of the
Company has been satisfactory and liquidity is positively affected by the large
fall in interest rates in Sweden, but the general decline of the Swedish
property market is expected to have an impact for the Kefren Properties IX
group's portfolio valuation. 

The Senior Bank has on this basis, announced that they expect that the Company
will not be able to fulfil the loan agreement's condition of how big the loan
must be, relative to the market value of the property portfolio (Loan-to-Value)
when this, according to the senior loan agreement, is determined on the 28th
October 2009. 

The Company is in close dialogue with the Senior Bank with respect to finding a
long-term solution, that will minimise the risk of breaching the loan
agreement's condition on Loan-to-Value, and has at the same time with the
announcement regarding an expected breach, received a stand still letter
whereby the senior bank agree not to take any action until 5th January 2010, so
that the Senior loan cannot in this period be terminated due to non-compliance
of the Loan-to-Value breach. 

The Company will use the period until the 5th January 2010 to try to find a
long term solution. 

If the expected breach of the Loan-to-Value condition occurs, when determined
on the 28th October 2009, funds will not be released for the payment of
interest on the bonds issued by the Company as long as there is a breach. The
consequence will be that the Company cannot make the interest payment on the 31
October 2009 on the bonds issued by the Company. However, the Company still has
an obligation towards the bondholders in relation to the unpaid interest. 

The bonds issued by the Company are:
ISIN: DK0030039300	
Nominal value (DKK): 740.000.000



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.