INTERIM REPORT JANUARY - JUNE, 2007

INTERIM REPORT JANUARY - JUNE, 2007

Catena reported continued favourable value growth and improved operating surplus


• Rental revenue during the period totaled SEK 89.2 M (88.1 in corresponding
year-earlier period).

• Income from property management for the period amounted to SEK 35.7 M (42.8),
or SEK 3.09 per share (3.70). 
• Profit before tax for the period was SEK 174.3 M (109.7). Profit for the
period includes realized changes of SEK in the value of property of SEK 37.7 M
(-) and unrealized value changes of SEK 100.9 M (66.9) in properties and
financial instruments.

• Profit after tax for the period amounted to SEK 140.7 M (80.9) or SEK 12.17
per share (6.99).

• Sales of properties resulted in a realized change in value of SEK 37.7 M (-).

• Investments in the existing portfolio of about SEK 110 M were decided during
the period.

• Acquisitions of properties totaling SEK 24 M were made.


Peter Hallgren, CEO and President:

“Catena continues to perform well. Profit after tax increased by 73.9% to SEK
140.7 M for the period. The value of the existing property portfolio continues
to increase and the change was SEK 94.5 M during the first half of the year.
This increase in value is an effect of lowered yield requirements for certain
properties and of continued investments that have a value-enhancing effect”

“We continue to focus geographically on commercial areas in major urban areas in
Sweden, Norway and Denmark, partly through investment in existing facilities and
partly through acquisition of new properties. An example of the latter approach
is our acquisition in the Svågertorp commercial area in Malmö. Interest in
Svågertorp has strengthened due to IKEA's planned establishment in the area. Our
goal is to continue to acquire properties with development potential.”

“Investments in existing properties in close cooperation with our customers
continue to increase. During the first half of the year, investments
corresponding to SEK 151 M were in progress, the greater part of which will be
completed during 2007.”

“The lower income from property management is primarily attributable to currency
fluctuations, mainly through the strengthening of the Norwegian krona. However,
the currency changes had a positive effect in the translation reserve in
shareholders' equity.”


For information, please contact Peter Hallgren, President and CEO, 
tel +46-31-760 09 32, or Rune Jonsson, CFO, tel +46-31-760 09 35


This is price-sensitive information which has been sent to Finansinspektionen.


The interim report can be downloaded from www.catenafastigheter.se.