Interim report January - March 2007

Interim report January - March 2007

• Profit after tax totalled SEK 356m (180) and diluted earnings per share was
SEK 3.72 (1.79)
• Rental income totalled SEK 517m (636)
• Occupancy rate was 90 per cent (87)

“The rental market is strong in our principal markets of the inner city of
Stockholm, Solna and Hammarby Sjöstad. During the quarter occupancy rate rose by
one percentage point in comparison with the previous quarter, to 90 per cent,”
says Christian Hermelin, President and CEO of Fabege.

“Aggregate new lettings during the period totalled SEK 62m as an annualised
value, while terminations totalled SEK 28m. The proportion of vacant premises in
the City sub-market is falling at a faster rate than previously and the high
level of demand, particularly for smaller and medium-sized premises, signifies a
positive trend in rents,” Hermelin continues.

“The surplus ratio increased to 59 per cent (53), principally as a result of
lower expenses but also increasing income for comparable stock,” Hermelin
concludes.

Fabege AB (publ)

Annex: Interim report January - March 2007


For further information contact:
Christian Hermelin, President and CEO. tel +46 8-555 148 25, +46 733-87 18 25
Roger Johansson, Executive Vice President and CFO, Tel +46 8-555 148 13, +46
70-374 42 85
Mats Berg, Director of Communications, +46 8-555 148 20, +46 733-87 18 20