OREANDA-NEWS. On 01 September 2009 XXI Century Investments Public Limited (LSE: XXIC) announced the following trading update and reasons for the continued temporary suspension of the Company's shares from trading on AIM.

The Company hereby announces that ING Bank N.V., London Branch ("ING") will cease to act as the Company's nominated adviser effective immediately. The Company has identified a new nominated advisor and is finalizing arrangements which will be announced shortly since, according to AIM rules, failure to appoint a nominated advisor will result in cancellation of the Company's securities from admission to AIM at 7am on 1 October 2009.

The Company also wishes to advise that the publication of its audited annual financial statements has been delayed arising from protracted discussions with one of the company's bank lenders regarding the restructuring of the existing secured term loan. While an acceptable restructuring agreement has been reached with the bank, formal confirmation has not yet been received. The Company expects to receive this confirmation shortly and, accordingly, it should enable the Company's auditors to conclude their review and issue their opinion on the accounts for the year ending 31 December 2008.

The Company is also preparing interim financial statements for the 6 months ending 30 June 2009. The Company expects to release the unaudited accounts by 30 September 2009.

The ongoing political friction at the national level continues to aggravate the poor economic and market conditions in Ukraine, notwithstanding continued substantial support from the IMF. The crisis in the local banking sector has effectively closed availability of credit to the real estate sector. The Company continues to actively market its properties; however, the pool of potential buyers is extremely limited in the market at this point. In addition, the Company continues to actively search for strategic equity and project development partners, however, the overall economic and political conditions are discouraging many investors who prefer to hold off investments until after the Presidential elections scheduled for January 2010. Under these challenging circumstances, the Company's financial situation continues to be uncertain.