Kungsleden negotiating divestment worth some SEK 5 bn

Kungsleden negotiating divestment worth some SEK 5 bn

Press Release
27 September 2007

Kungsleden AB (publ), the listed Swedish property company, has signed a letter
of intent with Norwegian asset manager Orkla Finans Kapitalförvaltning AS
regarding the divestment of commercial properties in Sweden with a value of
approximately SEK 5 bn. If this divestment is completed, the estimated capital
gain is about SEK 600 m, and the profit for calculating dividends around SEK 900
m. The letter of intent grants Orkla Finans Kapitalförvaltning AS exclusivity to
conduct due diligence on the property holding. A binding agreement would be
scheduled for signing during November.

“Deals of this size involve a lot of people, which is why we also want to keep
the market informed,” commented Kungsleden's Chief Executive Thomas Erséus,
“we've got good experience of previous transactions with Orkla Finans
Kapitalförvaltning AS, and we think this deal is very likely to go through.”


For more information, please contact:
Thomas Erséus, Chief Executive, tel +46 (0)8 503 05204, mobile +46 (0)70 378
2024
Johan Risberg, Deputy Chief Executive, tel +46 (0)8 503 05206, mobile +46 (0)70
690 6565

Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se
Kungsleden's strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and disposals. As
of 30 June, the property portfolio comprised 606 properties with a book value of
SEK 25.4 bn. The holding is located in a total of 128 municipalities, although
concentrated on the Swedish provinces of Götaland and Svealand. Kungsleden has
been quoted on the Nordiska Börsen since 14 April 1999.