As outlined in notice number 72 on 13th October 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 4th November 2010 will not take action with respect to the loan-to-value breach. The Company has therefore requested an extension of the stand-still period, during which time the senior loan cannot be terminated due to non-compliance of the loan-to-value condition. The Senior Bank is yet to reply to this request. However, the Company expects to receive a positive reply either later today or at the beginning of next week. The Company is still in a positive ongoing dialogue with the Senior Bank with respect to finding a solution to the loan-to-value breach. The Board of Directors still expects that a solution can be found and presented for approval at a bondholders meeting at a later time. At the bondholders meeting, scheduled for 17th November 2010, the Company will give a general presentation of the Company's situation. 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”) - Request for extension of stand-still period
| Source: Kefren Properties IX AB