D. Carnegie & Co restructures its financing – reduces interest expenses

The property company D. Carnegie & Co AB (publ.) - listed on Nasdaq First North
Premier - has restructured two loans totalling approximately SEK 3.8 billion.
The loans are expected to significantly reduce the company's financing costs
inasmuch as the average interest rate is reduced to well below 3%. The smaller
loan (of almost SEK 1 billion) has a term to maturity of five years, while the
second loan (of just over SEK 2.8 billion) has a term to maturity of seven
years.
“It is pleasing that D. Carnegie & Co is able to take advantage of lower
interest rates when we are now refinancing more than half of our bank loans,”
says D. Carnegie’s CEO, Ulf Nilsson. “In addition to significantly reducing our
interest expenses, we are securing both capital and the interest rate level for
most of our loan portfolio.”

D. Carnegie’s property portfolio is valued at in excess of SEK 11.5 billion and
consists of more than 15,000 apartments comprising approximately 1.1 7 million
square meters of lettable area.

For more information, please contact:

Ulf Nilsson, CEO, D. Carnegie & Co, tel. +46 (0)8 – 121 317 25