Kungsleden makes SEK 112 m property divestment

Kungsleden makes SEK 112 m property divestment

Press Release 16 December 2009

Listed Swedish property company Kungsleden AB (publ) is selling four commercial
properties for a total purchase price of approximately SEK 112 m excluding
transaction costs. The total sales price corresponds to book value and is about
SEK 4 m below acquisition cost. This latter amount will be posted to
Kungsleden's profit for calculating dividends for 2009. 

Gross leasable area is 14,713 sq.m. Two of the properties are in Linköping, and
one is in Vimmerby (both south of Stockholm). The fourth is located outside
Oslo, Norway.

Completion on the Linköping and Vimmerby properties is on 1 February 2010.
Completion on the Oslo property is on 17 December 2009.

“We are continuing to work on our portfolio composition, and the divestment of
this property outside Oslo means we have no property holdings left in Norway,”
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 16 December 2009 at 9:00 a.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.