Record-high surplus ratio

Christian Hermelin, CEO of Fabege, comments on the first quarter of 2014:
“Stable rental income combined with the mild winter early in the year generated
better net operating income and cash flow. The surplus ratio was 68 per cent, a
significant year-on-year improvement, and the highest we have ever reported in a
first quarter,” comments Christian Hermelin.

All parts of the business model – property management, property development and
transaction – contributed to the results. This confirms that our way of
generating value works well. Our qualitative project portfolio contributed
strongly to the value growth. Early in the year, Fabege divested three
properties at favourable gains, (of which one after balance sheet date). The
transactions are part of our focus on continuously increasing the potential of
our property portfolio. They also provide conditions for investment in new
projects.

“Stockholm is growing and demand for modern offices close to track-bound
transport systems is increasing. Fabege’s property portfolio is well-matched
with market demand. We have noted a high level of activity in the rental market
and many exciting discussions are under way,” says Christian Hermelin.

Fabege AB (publ)
For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80
This constitutes information that Fabege AB (publ) may be legally obliged to
publish under the Securities Market Act and/or the Financial Instruments Trading
Act. The information was released for publication on 24 April 2014 at 8:02 am
(CET).

Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly
on letting and managing office premises and property development. Fabege owns
properties with a carrying amount of SEK 33.6bn. The portfolio is concentrated
in the Stockholm region and has an annualised rental value of SEK 2.4bn and a
lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm,
Large Cap segment.