Submitted to the Copenhagen Stock Exchange via Company News Service on 20 December 2007. The Supervisory Board of Landic Property Bonds IX AB has today held a Supervisory Board meeting at which the Group's annual report for the financial year 2006/07 was discussed. The report is enclosed. Summary: Landic Property Bonds IX AB's (former Keops EjendomsObligationer IX AB) financial performance 2006/07. The Group's loss before tax, impairment of goodwill and value adjustments of properties and debt for the financial year 2006/07 amounts to SEK -47.8 million compared to the prospectus budget of SEK -17.4 million. The negative financial performance partly owes to one-time financial expenses in connection with the acquisition of the properties and partly to exchange adjustments of foreign currency. Net revenue amounted to SEK 582.1 million compared to the prospectus budget of SEK 591.2 million. Operating expenses amounted to SEK 182.9 million compared to the prospectus budget of SEK 253.9 million. The Group's profit before impairment of goodwill amounted to SEK 363.3 million compared with the prospectus budget of SEK 337.3 million. Lower maintenance costs are the primary reason for the positive deviation from the prospectus budget. Two properties have been sold during the year, Övergången 8 and Blåsåsen 5:3. The loss after tax was negatively affected by impairment of goodwill of SEK 331.7 million. The Group's loss after tax amounted to SEK 354.3 million compared with the prospectus budget of a loss of SEK 25.0 million, mainly due to the write-down of goodwill. Please address questions relating to this announcement to VD Tommy Sundbom on tel. +46 8 41020310 or to CFO Karina Deacon on tel. +45 3378 4000.
Landic Property Bonds IX AB's (former Keops EjendomsObligationer IX AB) Financial Statement 2006/07
| Source: Kefren Properties IX AB