Balder acquires property in central Stockholm and issues preference shares as partial payment

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Fastighets AB Balder today announces that the company has entered into an
agreement to acquire the property Stockholm Spårvagnen 4, comprising, inter
alia, Spårvagnshallarna, located in the block between Birger Jarlsgatan and
Tulegatan and Rådmansgatan and Tegnérgatan in central Stockholm. The property
has a lettable area of approximately 23,000 square meters and is leased to,
inter alia, Sirius International Insurance, Lowe Brindfors, SATS, Intellecta and
JTI Sweden.

The acquisition of the property is in line with Balder´s strategy of expanding
its commercial portfolio in attractive locations in Stockholm, Gothenburg and
the Öresund region.

The property value amounts to approximately SEK 1,100 million, of which SEK 300
million will be paid through the issuance of 1,000,000 preference shares at a
subscription price of SEK 300 per share. The subscription price corresponds to
the volume weighted average closing price of Balder’s preference share on NASDAQ
OMX Stockholm during the period August 27 – September 14, 2012, rounded down to
the nearest integer. Possession will take place on October 1, 2012. The Board of
Directors therefore intends, pursuant to the authorization from the Annual
General Meeting, to resolve on an offset issue on the date of taking possession.

Fastighets AB Balder has been informed that the seller of the property has
agreed to resell the 1,000,000 preference shares to Svenska Handelsbanken AB
(“Handelsbanken”), which has decided to offer the preference shares for sale in
an offer to the public in Sweden and to institutional investors in Sweden and
abroad.

With respect to Handelsbanken’s public offer described above, Balder will
prepare a prospectus and seek approval and registration of the prospectus with
the Swedish Financial Supervisory Authority. The prospectus is expected to be
approved and published in Swedish on September 26, 2012. The application period
for the offer to the public commences on September 27, 2012 and ends on October
8, 2012 and the application period for the offer to the institutional investors
commences on September 27, 2012 and ends on October 9, 2012.

Handelsbanken Capital Makrets is acting as financial adviser and Linklaters is
acting as legal adviser to Balder in connection with the transaction.

For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +46 768 369 848

Fastighets AB Balder discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading
Act. The information was released for publication on September 24, 2012 at
08.30.

Important information
The information in this press release is not intended, to directly or
indirectly, be distributed, published or made public in Australia, Hong Kong,
Japan, Canada, Switzerland, Singapore, South Africa, the United States or any
other jurisdiction where the distribution of this press release would be
illegal. The distribution of this press release may be restricted by law in
certain jurisdictions and persons who take part of this press release or other
information set out herein should inform themselves of, and observe, any such
restrictions.

The information in this press release does not constitute an offer to sell
shares or solicitation of an offer to buy shares. This press release does not
constitute a prospectus under the Prospectus Directive 2003/71/EG.

The information in this press release does not constitute and is not part of an
offer or solicitation of an offer to buy or subscribe for securities in the
United States. Securities mentioned herein have not and will not be registered
in accordance with the Securities Act of 1933 (the “Securities Act”). Securities
mentioned herein may not be offered or sold in the United States unless they are
registered in accordance with the Securities Act or fall within an exemption in
the Securities Act. There will not be any public offer in the United States
regarding securities.

The information in this press release may not be forwarded or distributed to any
other person and may not be reproduced in any way. The forwarding, distribution,
reproduction or presentation of the information herein, partly or fully, may not
be permitted. Failure to comply with these instructions may be a breach of the
Securities Act or applicable laws in other jurisdictions.