Kungsleden divests property for SEK 58 m

Kungsleden divests property for SEK 58 m

Press Release 24 March 2010

Listed Swedish property company Kungsleden AB (publ) is selling a site leasehold
consisting of two buildings for a total purchase price of approximately SEK 58
m. The total sales price is about SEK 11 m above book value, and around SEK 4 m
above acquisition cost. This latter amount will be included in Kungsleden's
profit for calculating dividends for 2010.

Gross leasable area is some 6,096 sq.m. The property, mainly let as offices, is
located in Limhamn, Malmö.

The buyer of the property is Broman Fastigheter, a local family business.
Completion is scheduled for 31 March 2010.

Commenting, Kungsleden's Chief Executive Thomas Erséus said: “I view this as a
good deal for us, and a property that suits this local buyer well.”

Kungsleden AB (publ) 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 24 March 2010 at 9:00 a.m.

For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone +46 8 503 052 04 | mobile +46 70 378 20 24
Johan Risberg, Deputy CEO Kungsleden | phone +46 8 503 052 06 | mobile +46 70
690 65 65

This press release is available in Swedish at 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 2009, the property portfolio comprised 585 properties with a
book value of SEK 21.9 bn. The holding was located in a total of 130
municipalities, although concentrated on the Swedish provinces of Götaland and
Svealand, and the Öresund region. Kungsleden has been listed on Nasdaq OMX
Stockholm since 1999.