Kungsleden - an update on tax rulings

Kungsleden - an update on tax rulings

Press Release 7 June 2010

The Administrative Court in Stockholm has issued rulings on nine cases
where Kungsleden, as communicated back in 2009, appealed against the
Swedish Tax Agency's findings based on what is known as the Cyprus
ruling.

The total tax claims ensuing from these rulings amounts to about SEK 140
m, and are covered by the SEK 200 m Kungsleden previously reported in
its Interim Report for January-March 2010. Kungsleden will be appealing
against the Administrative Court's rulings in the Administrative Court
of Appeal. Kungsleden regards these rulings as erroneous, and the
company's definitive view remains that the company has complied with the
laws and practice in place coincident with each tax return, a view
shared by external experts on tax issues.

 

 

Kungsleden AB (publ) 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 7 June 2010 at 11:00 a.m.

For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone 46 8 503 052 04 | mobile 46 70 378
20 24
Johan Risberg, Deputy CEO Kungsleden | phone 46 8 503 052 06 | mobile 46
70 690 65 65