Catena changes date for Extraordinary General Meeting and proposes increase in the number of Board members

Catena changes date for Extraordinary General Meeting and proposes increase in
the number of Board members

On the initiative of Catena's major shareholders, CLS Holding plc, Erik Selin
Fastigheter AB and Catella Fonder, which combined own more than 60 percent of
all shares in the company, Catena has convened an Extraordinary General Meeting
to be held October 16 to elect a new Board of Directors. Since publication of
the initial notice to attend the Meeting, the initiating shareholders, in
consultation with Catena's Nomination Committee, have partially adjusted their
initial proposal in a move intended to achieve better balance and continuity in
the Board's work. 

Accordingly, the principal shareholders currently propose the following: 
- that the number of Board members is set at eight (compared with the current
six);
- that the following (partially) new Board is elected:	
Henry Klotz (new election, proposed as Chairman), Lennart Schönning (new
election), Erik Selin (new election), Per Sjöberg (new election), Svante Wadman
(new election), Christer Sandberg (new election), Ingrid Berggren (re-elected)
and Peter Hallgren (President, re-elected)
- and that the Board's current members (except Ingrid Berggren and Peter
Hallgren) are dismissed, that is, Curt Lönnström (currently Chairman), Lars
Söderblom, Erik Törnberg and Gerhard Versteegh.

To ensure that this proposal shall be addressed in a formally correct manner, a
new decision to hold a General Meeting about the proposal to increase the number
of Board members to eight (from the current six) as well as the proposal to
elect new Board members must be taken. Consequently, this requires a new notice
of an Extraordinary General Meeting.

For the reasons stated above, Catena's Board today decided the following. 

The announced Extraordinary General Meeting on October 16 is being cancelled.

A new notice of an Extraordinary General Meeting to be held on Thursday, October
25, 2007 shall be published as soon as possible through advertisement in the
Post och Inrikes Tidningar (Swedish Official Gazette) and in Svenska Dagbladet.
Concurrently, the new notice is being published on Catena's website
www.catenafastigheter.se 

Ulf Strömsten, member of Catena's Nomination Committee, comments: 
“The proposal for a new Board published earlier involves a change of all current
Board members except the company's President, Peter Hallgren. Since the notice
was published, consultation occurred with the company's principal shareholders
regarding the possibility of expanding the Board to better reflect the new
ownership structure and ensure continuity in the Board's work, despite the
significant renewal of the Board that the principal owners desire. The proposal
now being presented meets these wishes. By law, the new proposal requires a new
Meeting notice. As a result, the General Meeting on October 16 is being
cancelled and instead a new notice shall be made in the prescribed manner as
soon as possible.” 


If any questions, contact Ulf Strömsten, +46 (0) 734 40 16 60