Kungsleden concludes divestment with Riksbyggen, upgrades forecast

Kungsleden concludes divestment with Riksbyggen, upgrades forecast

On 15 May 2006, listed Swedish property company Kungsleden AB (publ) announced
the sale of part of the property designated Lund Klostergården in southern
Sweden for SEK 100 m. This transaction was conditional on Kungsleden receiving
detailed planning on the property. The property consists of some 30,000 sq.m. of
housing development rights. The transaction is now unconditional and can thus be
concluded.

The sales price exceeds acquisition value by about SEK 50 m. This amount will be
included in Kungsleden's profit for calculating dividends for 2008. 

The transactions executed by Kungsleden in December has also resulted in
Kungsleden increasing its forecast profit for calculating dividends for the
financial year 2008 from the previous SEK 700 m to over SEK 800 m.

“It's pleasing to now be able to conclude this deal with satisfactory profits
and increase our forecast,” commented Kungsleden's Chief Executive Thomas
Erséus.


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 23 December 2008 at 09:30 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


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 September 2008, the property portfolio comprised 608 properties with a
book value of SEK 28.5 bn. The holding was located in a total of 132
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.