INTERIM REPORT, JANUARY - JUNE 2008

INTERIM REPORT, JANUARY - JUNE 2008

Catena: Increases in income from property management after tax and the occupancy
rate

• Rental revenue during the period totaled SEK 93.1 M (89.2 in corresponding
period a year earlier).

• Income from property management amounted to SEK 43.0 M (35.7), or SEK 3.72 per
share (3.09). 

• Profit before tax for the period was SEK 29.6 M (174.3). 

• Profit after tax for the period amounted to SEK 20.8 M (140.7), or SEK 1.80
per share (12.17).

• Realized change in value included in profit before tax amounted to SEK 4.3 M
(37.7)

• Unrealized change in value included in profit before tax amounted to SEK -17.7
M (100.9)

• Investments in existing portfolio amounted to SEK 63 M during the period.

• Acquisition of land was carried out totally SEK 8 M.


Peter Hallgren, President and CEO:

“Catena is continuing to develop well. Compared with the year-earlier period,
income from property management rose by more than 20 percent to SEK 43.0 M.
However, an increase in the required yield on our existing properties had an
adverse impact on property values. At the same time, increased leasing and the
renegotiation of leases, which generated higher rent levels, had a positive
impact on the property values.”

“Catena's occupancy rate has remained high to date in 2008. During the first
half of the year, new leases were signed corresponding to a rental value of SEK
5.8 M on an annual basis. The occupancy rate rose to 98.6 percent, a high level
in relation to the sector as a whole. All new leases have been signed with
tenants outside the Bilia Group.”

“During 2008, Catena is continuing to assign priority to investments in existing
facilities in order to generate additional rental revenues. The Almedal project
in Gothenburg and the Drammen project in Norway will be completed this year,
while Vesta's new offices at the Svågertorp retail area in Malmö will be
completed during the first quarter of 2009. The investments for these three
projects total approximately SEK 180 M.”

“Although we will experience continued uncertainty concerning the development of
property values in the future, Catena has excellent prospects for the future
through its long-term leases (average of 9.7 years), healthy cash flows and
favorable opportunities to put its properties to alternative uses.”

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

N.B. This is a translation from Swedish. The Swedish version shall always take
precedence.

The Interim Report can be downloaded from www.catenafastigheter.se

This information is such that Catena AB (publ) must release it publicly in
accordance with the Swedish Securities and Clearing Operations Act and/or the
Financial Instruments Trading Act. The information was released to the public on
August 14, 2008 at 08.15 a.m.

Catena shall own, effectively manage and actively develop commercial real estate
in prime locations that offers the potential to generate
steadily growing cash flow and favorable value growth. Catena's overriding
objective is to provide shareholders with a favorable, long-term total 
return by being one of the leading players involved in commercial real estate in
a number of strategic locations.