Klövern: Interim report January - June 2007


* Income totalled SEK 614 million (375)

* Net profit for the period increased to SEK 659 million (315)

* Earnings per share increased to SEK 3.96 (2.61)

* Property sales amounted to SEK 732 million (247) with a realised
change of value of SEK 126 million (23)

* The full-year forecast is adjusted upwards; profit, excluding tax
and changes in value, is expected to exceed SEK 375 million. Previous
forecast was SEK 325 million.

Statement by the CEO

Conversion and focus yield strong development of profit
The past quarter  has been characterised  by three things:  continued
geographical focus, rising demand for premises and conversion of  the
property stock  to  add value.  At  the beginning  of  April  Klövern
divested all  of  its properties  in  Eskilstuna and  Kalmar  with  a
realised change in value of SEK 122 million. After the divestment ten
geographical units  remain in  markets with  large potential  and  in
which Klövern wishes to expand, either through investment or  further
acquisitions."We see continued positive development  on the rental side.  Existing
clients need  larger premises  and  the demand  from new  tenants  is
large,  which  means  that  the  occupancy  rate  has  risen  by  one
percentage unit for the third  quarter in a row", comments  Klövern's
CEO, Gustaf Hermelin.

The unrealised  change in  the value  of properties  continues to  be
high, which is partly the result of Klövern's business model which is
based on acquiring properties that  can be developed and improved  to
add value and rented out.

Profit
Net profit for  the period amounted  to SEK 659  million (315).  This
improvement is mainly  due to  an increase in  unrealised changes  in
value and  a  considerably  larger  property  portfolio.  The  profit
include realised changes in value  from the divestment of  properties
for SEK 126 million  (23) and unrealised  changes in property  values
totalling SEK 438  million (152).  Net financial income  was SEK  -70
million (-54),  of  which  the  change  in  the  value  of  financial
instruments and securities accounted for SEK 70 million (21).

Nyköping 13 July 2007

Klövern AB (publ)

For further information, please contact:
Gustaf Hermelin, CEO, tel +46-155-44 33 10, +46-70-560 00 00,
gustaf.hermelin@klovern.se
Anders Lundquist, CFO, tel +46-155-44 33 20, +46-70-528 43 33,
anders.lundquist@klovern.se
Britt-Marie Einar, Finance and Information Manager, tel +46-155-44 33
12, +46-70-224 29 35,
britt-marie.einar@klovern.se

Klövern is a real estate company with a local presence that actively
develops commercial properties in large Swedish cities. Today Klövern
has geographical units in ten cities: Borås, Karlstad, Kista,
Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås och Örebro.
As at  30 June 2007, the value of the properties was approximately
SEK 10.8 billion and the rental income on an annual basis was around
SEK 1,060 million. The Klövern share was listed on the Nordic
Exchange in Stockholm, medium-sized companies.

Klövern AB (publ), Box 1024, SE- 611 29 Nyköping; Sweden * Tel
+46-(0)155-44 33 00, Fax +46-(0)155-44 33 22.
Company registration no. 556482-5833 * Registered office: Nyköping *
Website: www.klovern.se

Attachments

Klovern Interim report January-June 2007