-3x Short China Regulatory News (SCHE)

Thursday 1 September 2011

Southern Cross Healthcare Group PLC

("Southern Cross", "the Company" or "the Group")

Corporate Update

Southern Cross announces that it has reached agreement with its lenders on an extension to its banking facilities until 14 September by which date it is anticipated a longer term agreement will be in place. This further extension, accompanying the rent concessions by Landlords who have deferred rent payments due in September, will provide support for the restructuring process under which it is planned to transition homes to new operators nominated by Landlords, at the same time ensuring continuity of care for residents.

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