Kungsleden: two properties divested for SEK 34 m

Kungsleden: two properties divested for SEK 34 m

Press Release
19 November 2008

Listed Swedish property company Kungsleden AB (publ) is selling two properties
in Lidingö, outside Stockholm, and in Sollentuna, also outside Stockholm, for a
total purchase price of SEK 34 m.

These properties have gross leasable area of 3,501 sq.m., consisting of office,
manufacturing and school accommodation. Total rental value is SEK 4,184 m and
total property yield is 6.1%.

The sales prices of the commercial and public property exceed book value and
acquisition value. The total sales price of the properties exceeds book value by
approximately SEK 5.6 m and acquisition value by around SEK 8.2 m. This latter
amount is included in Kungsleden's profit for calculating dividends for 2008.

Kungsleden will transfer possession of the property at Lidingö on 19 November
2008, and is scheduled to transfer possession of the property in Sollentuna on 1
December 2008.

“It feels good that at a time when the market is discussing property values,
Kungsleden has been able to complete property deals with sales at prices above
the acquisition cost and book value of each property,” commented Kungsleden's
Chief Executive Thomas Erséus.

Kungsleden discloses the information in this press release according to the
Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The
information was provided for public release on 19 November 2008 at 09:00 a.m.

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 divestments.
As of 30 September 2008, the property portfolio comprised 608 properties with a
book value of SEK 28.5 bn. The holding was located in a total of 132
municipalities, although concentrated on the Swedish provinces of Götaland and
Svealand, and the Öresund region. Kungsleden has been quoted on the OMX Nordic
Exchange Stockholm since 1999.