OREANDA-NEWS. On 22 May 2009 XXI Century Investments Public Limited (LSE: XXIC) made the following announcement with regard to the meeting of the holders of its USD 175 million 10% Guaranteed Secured Notes due 2010 (the "Notes") held On 22 May 2009 (the "Meeting"). The purpose of the Meeting was to seek the consent of Noteholders, by means of an Extraordinary Resolution, to the amendment to terms of the Notes to defer for a period of 45 days (to 8 July 2009) the earliest date on which payment is due on the exercise of the Noteholder put option under the Notes (being currently 24 May 2009) and the interest payment on the Notes currently falling due on 24 May 2009 (the "Proposed Amendments"). The Company intended to implement this "standstill" in order to continue its discussions with the Noteholders in relation to proposed restructuring of the Notes.

The Company hereby announces that the Proposed Amendments were approved through an Extraordinary Resolution passed at the Meeting. The modifications and amendments to the Trust Deed constituting the Notes (including the terms and conditions of the Notes) all as contemplated in the Notice of Meeting dated 29 April 2009 will be implemented.

The Company intends to continue its discussions with Noteholders to agree a restructuring of the Notes.