Hufvudstaden: Profit After Net Financial Income and Expense Increased by 55 per cent to SEK 274.3 Million


STOCKHOLM, Sweden, Aug. 26, 2002 (PRIMEZONE) -- Hufvudstaden:


- Profit after net financial income and expense for the period
  amounted to SEK 274.3 million (176.5). Items affecting comparability
  are included to the amount of SEK 25.7 million (18.1).

- Profit after tax totalled SEK 203.1 million (128.7).

- Net rents from property management increased by 12.8 per cent
  compared with the preceding year and the gross profit by 34.1
  per cent, or 17.4 per cent excluding costs for special projects.

- Danske Bank is the new tenant at Norrmalmstorg 1 and will take
  up occupancy at the turn of the year 2003/2004.

Stockholm, August 26, 2002

HUFVUDSTADEN AB (publ)

Ivo Stopner President

Enclosure: Interim Report, January - June, 2002.

Questions will be answered by Ivo Stopner and Magnus Jacobson, telephone +46 8-762 90 00

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