(KDDG.L) KDD Group NV Buy/Sell

RNS Number : 9798H KDD Group NV 03 March 2010

3 March 2010

KDD Group N.V.

("KDD Group" or the "Group")

Colliers International asset valuation

KDD Group, the holding company of one of Ukraine's leading real estate investment and development groups, is pleased to announce the results of the valuation of its projects, prepared as at 31 December 2009 (the "Valuation"). The Valuation has been performed by Colliers International ("Colliers"), a leading international property consultant, in accordance with the directives and regulations of the International Financial Reporting Standards (IFRS 2008), Royal Institution of Chartered Surveyors Valuation Standards (RICS) and International Valuation Standards (IVS).

This is the fourth independent valuation of the Group's investment properties by Colliers, with the NAVs within those valuations being as follows:

· 30 September 2007: US$ 908.2 million;
· 30 June 2008: US$ 1,074.0 million;
· 31 December 2008: US$ 261.5 million; and
· 31 December 2009: US$ 461.4 million.

KDD Group is pleased to announce the 76.5 per cent. increase in the fair value of the Group's projects over the last year and believes that the Ukrainian property market will continue to improve during 2010, particularly for actively and professionally managed portfolios. There are three main factors which underpin the increase in the Valuation:

· significant progress in the construction of Sky Towers project (increasing the valuation from US$ 89.0 million at 31 December 2008 to US$ 166.2 million at 31 December 2009);
· inclusion in the valuation of the Metro City and Kureni projects, with a total combined value of US$ 118.7 million (these projects were not valued at the end of 2008 as the respective land plots were not registered at that time). The Kureni land plot is now wholly owned on a freehold basis by the Group and the great majority of the Metro City is held on a long leasehold; and

· improved expectations of the Ukrainian real estate market's development.

Alexander Levin, Chairman of KDD Group, said: "Following the significant reduction in Ukrainian real estate valuations across the board in 2008, this marks an important step in re-building the value of our existing portfolio of assets, which, we believe, represents a significant value opportunity for the Group's shareholders. I would also like to take this opportunity to thank all of our staff, contractors and advisers for their support throughout a difficult period for the Company and the Ukrainian property market as a whole."

For further information please visit: http://www.kddgroup.com.ua/ or contact:
KDD Group Tel: +38 050 516 6091

Petro Radchuk
Strand Hanson Limited Tel: +44 207 409 3494
Stuart Faulkner / James Spinney www.strandhanson.co.uk

Notes to editors:

KDD Group

KDD Group is the holding company of one of Ukraine's leading real estate investment and development groups. The Company holds a diversified portfolio of real estate projects comprising offices, residential complexes, retail centres and mixed-use projects. The Company currently has nine projects, of which three are in the construction phase and six are at various stages of design and development. These projects, which have a total planned gross area of approximately 2.7 million square metres, are located in the capital region of Kyiv with the exception of one residential project in L'viv.

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 5374H KDD Group NV 23 February 2010

23 February 2010

KDD Group N.V.

("KDD Group" or the "Group")

Letter of Intent with Swiss? brand for the Sky Towers project

KDD Group (AIM: KDDG), the holding company of one of Ukraine's leading real estate investment and development groups, is today pleased to announce that it has signed a letter of intent (the "Letter of Intent") with FRS Hotel Group International S.a.r.l. (an associate company of Swiss? Hotels & Resorts) for a management agreement for the hotel component of the Sky Towers project to be operated by Swiss? Hotels & Resorts.

The Letter of Intent defines the key commercial and legal terms, which will be included in the definitive development and management agreements which are currently being negotiated. A further announcement will be made in due course.

Alexander Levin, Chairman of KDD Group, commented: "The board believes that this Letter of Intent demonstrates the high quality of the Sky Towers project and reflects the strong potential of the Kyiv hotel market. I am very proud to have such a strong and renowned international partner as Swiss? Hotels & Resorts involved in the Sky Towers project."

The Sky Towers hotel component will be a full-service deluxe international hotel with world-class facilities and characteristics, making it a leading location to host large conferences in Kyiv. The plan for the hotel envisages 550 rooms with extensive conference and meeting facilities, along with several high quality restaurants and bars, in-house spa and fitness and commercial space. In addition, the development will also include 50 high specification serviced apartments.

The board of KDD Group (the "Board") elected to add a hotel component to Sky Towers in order to meet Kyiv's clear deficit of 5-star hotels. The introduction of a hotel element to the Sky Towers project will also reduce the amount of office space in the project, which the Board believes will increase the attractiveness of the project and mitigate the risk of having an over dominant office space offering within the development.

The project is expected to be completed in 2012 and its anticipated opening is expected to occur shortly before the UEFA Euro-2012 football competition commences.

For further information, please visit: http://www.kddgroup.com.ua/ or contact:
KDD Group Tel: +38 050 516 6091

Petro Radchuk
Strand Hanson Limited Tel: +44 207409 3494
Stuart Faulkner / Liam Buswell www.strandhanson.co.uk

Notes to editors:

KDD Group

KDD Group is the holding company of one of Ukraine's leading real estate investment and development groups. The Company holds a diversified portfolio of real estate projects comprising offices, residential complexes, retail centres and mixed-use projects. The Company currently has nine projects, of which three are in the construction phase and six are at various stages of design and development. These projects, which have a total planned gross area of approximately 2.7 million square metres, are located in the capital region of Kyiv with the exception of one residential project in L'viv.

Swiss? Hotels & Resorts

Swiss? Hotels & Resorts is a distinctive group of deluxe hotels for today's discerning business and leisure travellers, combining the renowned Swiss touch with a fresh, contemporary and modern design. Each Swiss? hotel offers personalized service with charm and efficiency. Located in main gateway destinations and city centres, the hotels have convenient access to business and shopping districts, and local attractions. Swiss? Hotels & Resorts worldwide have won prestigious awards and accolades.

Swiss? Hotels & Resorts is owned by Fairmont Raffles Hotels International, a leading global hotel company with 95 hotels and resorts worldwide under the Raffles, Fairmont and Swiss? brands. The company also manages Fairmont and Raffles branded Residences, Estates and luxury private residence club properties.

For more information, please contact:

Eva-Maria Panzer

Director Communication

Swiss? Hotels & Resorts

Tel: +41 44 317 6228

Email: evamaria.panzer@swissotel.com

Eva-Maria Lindner

Manager Communication

Tel: +41 44 317 6229

Email: evamaria.lindner@swissotel.com

www.swissotel.com

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 3720H KDD Group NV 19 February 2010

19 February 2010

KDD Group N.V.

("KDD Group" or the "Group")

Restructuring and Refinancing of Existing Debt Facilities

KDD Group (AIM: KDDG), the holding company of one of Ukraine's leading real estate investment and development groups, today announces that it has agreed new terms for its existing debt facilities (the "Facilities") with Ukrsotsbank (the "Bank"). The Facilities and accrued interest totalled Hrv 86.2 million (US$10.8 million) as at 20 January 2010.

Under the new agreement, the Group has repaid Hrv 21.8 million (US$2.7 million) of the Facilities and the maturity of the remainder of the Facilities has been extended with payments due as follows:

· 28 October 2011: Hrv 30.3 million (US$3.8 million)
· 28 April 2012: Hrv 34.1 million (US$4.3 million)

The current facility is 100 per cent. denominated in Ukrainian Hryvnia.

The Facilities have been used by KDD Group to finance construction work at the Group's PecherSky residential project ("PecherSky"). The Facilities were frozen by the Bank, under the terms of the Facilities, in late 2008, as a result, inter alia, of the worldwide liquidity crunch. As a result, the Group suspended construction work at PecherSky, in order to conserve the Group's cash and working capital.

KDD Group is currently negotiating alternative sources of financing in order to restart construction works at PecherSky as soon as practicable and a further announcement will be made in due course.

For further information, please visit: http://www.kddgroup.com.ua/ or contact:

KDD Group Tel: +38 050 516 6091

Petro Radchuk
Strand Hanson Limited Tel: +44 207409 3494
Stuart Faulkner / James Spinney www.strandhanson.co.uk

Notes to editors:

KDD Group is the holding company of one of Ukraine's leading real estate investment and development groups. The Company holds a diversified portfolio of real estate projects comprising offices, residential complexes, retail centres and mixed-use projects. The Company currently has nine projects, of which three are in the construction phase and six are at various stages of design and development. These projects, which have a total planned gross area of approximately 2.7 million square metres, are located in the capital region of Kyiv with the exception of one residential project in L'viv.

This information is provided by RNS The company news service from the London Stock Exchange

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