Kungsleden divests properties for SEK 88 m

Kungsleden divests properties for SEK 88 m

Press Release 24 November 2009

Listed Swedish property company Kungsleden AB (publ) is selling two commercial
properties for a total purchase price of approximately SEK 88 m excluding
transaction costs. The total sales price exceeds book value by about SEK 8 m and
acquisition cost by around SEK 3 m. This latter amount will be posted to
Kungsleden's profit for calculating dividends for 2009. 

Gross leasable area is 8,834 sq.m. One of the properties is located in Västerås,
west of Stockholm, with the majority let to regional newspaper Vestmanlands Läns
Tidning. The second property is in Viggbyholm industrial estate in Täby, north
of Stockholm.

Completion on the Västerås property is on 30 November 2009, and for the property
in Täby, on 1 December 2009. 

“We think we're seeing a cautious improvement on the property market, and a
slight increase in interest in property transactions. For us, this means
continuing to work on portfolio composition to increase our risk-adjusted
returns for the long term,” commented Kungsleden's Chief Executive Thomas
Erséus.

Kungsleden 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 24 November 2009 at 1:00 p.m.

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

This press release is available in Swedish at www.kungsleden.se

Kungsleden's strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and divestments.
As of 30 September 2009, the property portfolio comprised 580 properties with a
book value of SEK 21.1 bn. The holding was located in a total of 130
municipalities, although concentrated on the Swedish provinces of Götaland and
Svealand, and the Öresund region. Kungsleden has been listed on Nasdaq OMX
Stockholm since 1999.