Increased rental levels and a strong result

Profit after tax for the period increased to SEK 2,730m (1,535), corresponding
to earnings per share of SEK 16.51 (9.28). Profit before tax for the period
increased to SEK 3,115m (1,951). In an identical portfolio, rental income rose
by 7 per cent and net operating income increased by just over 5 per cent.
Conditions on Stockholm’s property market are currently very good. Higher rent
levels and lower yield requirements on the property market also resulted in
persistently rising property values.

-  Both the property and rental markets remain strong, with accelerating rent
levels and rising property values. We achieved high earnings in the first half
of the year and the conditions are in place for strong earnings for the full
year 2016. More completed projects will increase rental volumes which, combined
with continued operational efficiency and low interest expense, is expected to
generate better profit from property management, comments Fabege’s CEO,
Christian Hermelin.
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 information is information that Fabege AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 08.00
CET on 8 July 2016.
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 42.4bn. The portfolio is concentrated
in the Stockholm region and has an annualised rental value of SEK 2.3bn and a
lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm,
Large Cap segment.