Kungsleden's share redemption

Kungsleden's share redemption

Press Release
5 November 2007

A brochure regarding the redemption of shares of Kungsleden AB (publ)
(”Kungsleden”) and the Board of Directors' complete proposal to the
Extraordinary General Meeting (EGM) on 19 November 2007 will be available from
Kungsleden, Medborgarplatsen 25, 107 25 Stockholm, Sweden (tel. +46 (0)8 503
05200) and on Kungsleden's Website, www.kungsleden.se, from 5 November 2007
onwards.

Distribution of the brochure will begin on or around 5 November 2007 to all
shareholders whose address is known, subject to the limitations stated in this
press release.  The Board of Directors' complete proposal will be sent to those
shareholders that so request and state their postal address.

Proposed redemption process in brief

	Subject to a resolution by the EGM on 19 November 2007, each Kungsleden share
will be split into two (share split), of which one will be termed a redemption
share in the Swedish Central Securities Depository & Clearing Organisation (VPC)
system. 
	The redemption share will then be redeemed automatically against a cash
redemption payment of SEK 11.50.
	The redemption process is automatic; no action is required by shareholders.
	The record day  for the share split and right to redemption shares is
scheduled for 28 November 2007, provided that the Swedish Companies Registration
Office has registered the EGM resolution on the share split prior to this.
	The final day of trading in Kungsleden shares cum rights to redemption shares
will be 23 November 2007.
	Trading in redemption shares will be conducted between 29 November and 12
December 2007.
	Disbursement of the redemption proceeds is scheduled for 20 December 2007 at
the earliest.

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 September, the property portfolio comprised 597 properties with a book
value of SEK 25.9 bn. The holding is located in a total of 125 municipalities,
although concentrated on the Swedish provinces of Götaland and Svealand.
Kungsleden has been quoted on the Nordiska Börsen since 1999.