Kefren Properties IX AB, 556691-4031 (”Company”) - Non-payment of Interest

As outlined in announcement nr. 46 on 20th October 2009 to the OMX Nordic
Exchange Copenhagen, the Senior Bank is expecting that the Company will not be
in a position to fulfil the senior loan requirement regarding the size of the
senior loan relative to the market value of the portfolio (loan-to-value), when
this is to be established on 28th October 2009. 

The Company's management has now ascertained that the Company will breach the
loan-to-value condition, why it is with regret that we must announce that funds
will not be released for the payment of interest on the bonds issued by the
Company while the breach is outstanding. 

The consequence of the above is that the Company cannot make the interest
payment due on 31st October 2009 to the bonds issued by the Company. However,
the Company will have a continued obligation to the bonds holders with respect
to the non-payment of interest. 

Bonds issued by the Company:
ISIN:	         Nominal Amount (DKK):
DK0030039300	   740,000,000

The Company is in dialogue with the Senior Bank with respect to finding a
long-term solution that will minimise the risk of the Company breaching the
Senior Bank's loan-to-value condition going forward. The Company has previously
received a stand-still letter from the Senior Bank, where they state that they
until the 5th January 2010 will not take action with respect to the
loan-to-value breach. The senior loan cannot in this interim period be
terminated due to non-compliance of the loan-to-value condition. 

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

The Special Servicer has an obligation to call a bond holders meeting with no
less than 8 days notice, in the event a non-payment of interest lasts more than
8 days post the Due Date. The Company will liaise and co-operate with the
Special Servicer with respect to the obligatory requirements in connection
herewith. 

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.