* Rental income for the period January - March 2007 amounted to SEKm 542 (SEKm 490 corresponding period previous year). * Net income after tax for the period amounted to SEKm 190 (239), equivalent to SEK 1.16 (1.46) per share. * Income from property management improved by 6% to SEKm 206 (194), equivalent to SEK 1.26 (1.18) per share. * Net leasing has continued its strong trend and amounted to SEKm 41 (16) during the period. * The level of investments has remained high during the period and was SEKm 894 (362). Income from property management for the period, i.e. net income excluding changes in value and tax, amounted to SEKm 206 (194), equivalent to SEK 1.26 (1.18) per share. The improvement is 6% and is chiefly an effect of investments made. During the period changes in value on properties and derivatives amounted to, respectively SEKm 33 (52) and SEKm 22 (85). During the period investments totalling SEKm 894 (362) were made, of which SEKm 667 (169) were acquisitions and SEKm 227 (193) new construction, extensions and refurbishment."The first quarter is similar to the second half of the previous year with high level of investments, good net leasing and increasing market interest rates" comments Castellum's CEO, Håkan Hellström."The entries into two new markets - Linköping and Halmstad feels exiting", adds Håkan Hellström. According to the AGM's approval the current incentive plan for the company management has been extended for another three year period beginning 2008. For further information, please contact Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56 Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 25 billion, and comprises commercial properties. The real estate portfolio is owned and managed by six wholly owned subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Mälardalen and Eastern Götaland. The Castellum share is registered on OMX - Nordic list Large cap. Enclosure: Interim Report January - March 2007
Castellum s leasing and level of investments continues high
| Source: Castellum AB