Appointment of New Acting MD in Mandamus

STOCKHOLM, SWEDEN


STOCKHOLM, Sweden, Dec. 30, 2002 (PRIMEZONE) -- Amending its previous decision, the Board has appointed Regional Manager Anders Silverbage as Acting Managing Director of Mandamus Fastigheter AB (Other OTC:MNDMF) from January 1, 2003.

Work to recruit a permanent MD for the company has begun.

Queries

Please address any queries to Leif Zetterberg, Chairman of the Board, at +46-70-588 41 84.

Mandamus is a property company that aims to own, develop and manage residential properties with a high yield, mainly in growth areas in Southern and Central Sweden, on a long-term basis. Mandamus owns properties with a book value of around SEK 5,800m, yielding an annual rental income of some SEK 900m.

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www.waymaker.net/bitonline/2002/12/30/20021230BIT00040/wkr0001.doc
www.waymaker.net/bitonline/2002/12/30/20021230BIT00040/wkr0002.pdf