As outlined in notice number 64 on 28th April 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 26th May 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. The negotiations are taking longer than expected, and the Company has requested, and received, an extension of the stand-still period until 7th July 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
| Source: Kefren Properties IX AB