Comment on Supreme Administrative Court tax rulings available on Kungsleden's website

Comment on Supreme Administrative Court tax rulings available on Kungsleden's
website

Press Release
3 June 2009

Listed Swedish property company Kungsleden AB (publ) published its comment on
how it views the potential effects of the Supreme Administrative Court's tax
rulings today.

The following questions and answers have been uploaded to Kungsleden's website,
www.kungsleden.se.


What has happened?
On 29 May 2009, the Swedish Supreme Administrative Court announced three advance
rulings that appear to significantly change current case law from the
Administrative Court of Appeal, the Council for Advance Tax Rulings and the
Supreme Administrative Court.

How do the Supreme Administrative Court's rulings affect Kungsleden?
The Supreme Administrative Court's rulings cover a number of transactions, none
of which relate to Kungsleden. However, Kungsleden has previously conducted
transactions, which in some respects resemble those that have just been subject
to scrutiny.

What are you doing as a result of the Supreme Administrative Court's rulings?
We're analysing the rulings now alongside external experts to clarify their
potential impact on Kungsleden. As soon as our analysis is complete, we will be
providing more information, although by no later than at the time of our
quarterly report on 19 August 2009.

What could be the financial effects for Kungsleden?
We can't comment on them until our analysis is complete. The rulings may affect
a number of specific transactions completed in 2004-2006.

There's been some talk about tax evasion, is this something Kungsleden has been
involved in?
We have no intention other than to observe the laws that apply. We distance
ourselves firmly from the notion of tax evasion. Kungsleden's judgment is that
we have been observing the laws and established practice in place at the time of
these transactions, in the form of a number of advance rulings and rulings by
the Administrative Court of Appeal, the Council for Advance Tax Rulings and the
Supreme Administrative Court. And this view is shared by external experts.

When did this type of deal cease?
Clarity was created on 17 April 2008 through the introduction of a legal block
preventing the type of transaction the Supreme Administrative Court has now
considered. We think this clarity is a good thing.

What are you telling your shareholders and investors?
We think it's regrettable that the authorities' handling of this process has
taken as long as several years. It's a big source of uncertainty for
shareholders, investors and other stakeholders. We will be providing information
as soon as we have it. 



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 3 June 2009 at 7:30 p.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 31 March 2009, the property portfolio comprised 596 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.