Kungsleden acquires two public properties

Kungsleden acquires two public properties

Press Release
2 October 2008

Listed Swedish property company Kungsleden AB (publ) has entered an agreement
with construction and civil engineering corporation Peab AB (publ) to acquire
two public properties for a total purchase price of SEK 134 m. These properties,
currently under construction, are located in the Municipalities of Uppsala and
Sigtuna, near Stockholm. The total rental value is SEK 10.7 m. 

The properties consist of retirement homes and pre-school premises, and their
tenants are the Municipalities of Uppsala and Sigtuna on 20-year contracts.
Total lettable floor-space is 7,282 sq.m. 

Kungsleden is scheduled to take possession in July 2009.

“It really feels positive to have another two public properties,” commented
Thomas Erséus, Kungsleden's Chief Executive, “and we're delighted to be
entrusted more, which advances our positioning. Their long rental agreements
with municipalities will provide us with high and stable returns for many years
ahead.”

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 2 October 2008 at 09:00 a.m.

For more information, please contact: 
Thomas Erséus, Chief Executive, tel +46 (0)8 503 05204, mobile +46 (0)70 378
2024 
Johan Risberg, Deputy Chief Executive, tel +46 (0)8 503 05206, mobile +46 (0)70
690 6565 
Göran Linder, Divisional Manager, Public Properties, tel +46 (0)8 503 05207,
mobile +46 (0)70 690 6575 

Detta pressmeddelande finns tillgängligt på svenska på 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 June 2008, the property portfolio comprised 609 properties with a book
value of SEK 28.7 bn. The holding was located in a total of 134 municipalities,
although concentrated on the Swedish provinces of Götaland and Svealand, and the
Öresund region. Kungsleden has been quoted on the OMX Nordic Exchange Stockholm
since 1999.