XXIC Xxi Century

TIDMXXIC

RNS Number : 0800Z

XXI Century Investments Public Ltd

01 March 2013

1 March 2013

XXI Century Investments Public Limited

("XXI Century" or the "Company")

Talks to extend Eurobank Cyprus Ltd US$ 54 million loan

The Company announces that it is in discussions with Eurobank Cyprus Ltd ("EFG") in relation to extending the term of the c. US$ 54 million loan with EFG for a further 12 months. The loan with EFG is secured against the Kvadrat Perova shopping centre and the land plots designated for the Kvadrat Simferopol project. The loan was restructured in December 2010, the term of the loan was prolonged till February 2013 and a revised schedule of repayments was adopted.

Should negotiations with EFG be successfully concluded, it is expected that the loan maturity will be extended to 28 February 2014.

A further announcement will be made in due course.

For further information, please contact:

 
 XXI Century Investments    +380 44 2000 457 
  Public Limited             ir@21.com.ua 
Irina Tkachenko, Investor Relations Manager 
 
Shore Capital & Corporate 
 Limited                    +44 (0) 20 7408 4090 
Anita Ghanekar 
Toby Gibbs 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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