Annual General Meeting of Kungsleden AB (publ)

Annual General Meeting of Kungsleden AB (publ)

Press Release
23 April 2009

Listed Swedish property company Kungsleden AB (publ) held its AGM (Annual
General Meeting) on Wednesday. The Meeting approved the Board of Directors'
proposed dividend of SEK 1.50 per share. The record date was set at 27 April and
dividends are scheduled for disbursement from Euroclear Sweden AB (formerly VPC
AB) on 30 April.

In his address to the AGM, Chief Executive Thomas Erséus reviewed the financial
year 2008 and current market conditions. The address was recorded on video, and
will be available from Kungsleden's website, www.kungsleden.se, from 23 April
onwards.

Chairman of the Board Bengt Kjell opened the Meeting by reporting that the Board
of Directors had decided to withdraw its proposals, partly on a granting
decision regarding the performance-related staff stock option plan for 2008
(item 17) and the performance-related staff stock option plan for 2009 (the
final year of the planned three years, item 18).

The background to this withdrawal includes the Swedish Government's decision on
new “guidelines for employment terms for senior executives of companies with
government ownership”. The new guidelines affect the shareholders that Boards
previously secured support from for their proposals. The Board of Directors
wanted to avoid the AGM being forced into making resolutions subject to
uncertainty regarding shareholders' attitudes. The Board of Directors retains
its view that performance-related and share-based plans are good for the
company, and accordingly, it intends to return to this issue when shareholders'
attitudes are clear.

The AGM discharged the Board members and Chief Executive from liability for the
financial year 2008. Thomas Erséus, Bengt Kjell, Magnus Meyer, Jan Nygren, Jonas
Nyrén and Per-Anders Ovin were re-elected as Board members. Charlotta Wikström
and Leif Garph were elected as Board members after Anna Weiner Jiffer and Jens
Engwall declined re-election. Bengt Kjell was re-elected as Chairman of the
Board. 

The Meeting appointed Carl Rosén (Second AP Fund), KG Lindvall (Swedbank Robur
Fonder) and Olle Florén (Olle Florén and companies) as members of the Nomination
Committee. Bengt Kjell is a member of the Nomination Committee in his capacity
as Chairman of the Board.

The Meeting adopted the Nomination Committee's proposal for new instructions for
the Nomination Committee's activities.
The Meeting also adopted the Board of Directors' proposal on guidelines for
remuneration and other employment terms for senior executives.

At the Board meeting following election, Bengt Kjell, Jan Nygren and Charlotta
Wikström were appointed members of the Remuneration Committee and Jonas Nyrén
(Chairman), Per-Anders Ovin and Leif Garph were appointed as members of the
Audit Committee. 

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 23 April 2009 at 08.30 a.m.

For more information, please contact: 
Bengt Kjell, Chairman of the Board, tel +46 (0)8 666 6441, mobile +46 (0)70 594
5398 

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 31 December 2008, the property portfolio comprised 603 properties with a
book value of SEK 28.6 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.