Kungsleden divests property for SEK 107 m

Kungsleden divests property for SEK 107 m

Press Release 22 December 2010

Listed Swedish property company Kungsleden AB (publ) is selling a
commercial property for a purchase price of SEK 107 m. The sales price
exceeds book value by SEK 7 m and acquisition cost by SEK 27 m. This
latter amount will be posted to Kungsleden's profit for calculating
dividends for 2010.

This office property is located in Sollentuna, north of Stockholm, and
has leasable area of about 7,200 sq.m. The Swedish Social Insurance
Administration is the tenant on some 83% of the area. The remainder, a
basement, is vacant.

The acquirer is Hemfosa Fastigheter AB and completion is scheduled for 1
March 2011.

“I'm really satisfied about doing a deal well over book value and at a
good profit,” commented Kungsleden's Chief Executive Thomas Erséus.

 

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 22 December 2010 at 19:00 p.m.

For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone 46 (0)8 503 052 04 | mobile 46
(0)70 378 20 24
Johan Risberg, Deputy CEO Kungsleden | phone 46 (0)8 503 052 06 | mobile
46 (0)70 690 65 65