Interim Report January–March 2012

  · Profit from property management increased to SEK 125m (113), and rental
income increased to SEK 453m (446). In an identical portfolio, revenues
increased 4 per cent. The year-on-year change was due to growth through positive
net lettings and completed projects.
  · Unrealised changes in value amounted
to SEK 406m (291) on properties and SEK 220m (109) on interest-rate
derivatives.
  · After-tax profit for the period amounted to SEK 561m (378),
corresponding to earnings per share of SEK 3.46 (2.32).
  · Net lettings
amounted to SEK 88m (13).

“We have now noted growth in income, profit from
property management and property values. Positive net lettings in the past year
are now contributing to this beneficial development, as project properties are
being completed and tenants are assuming occupancy,” says Christian Hermelin,
Fabege’s CEO.

Fabege AB (publ)
For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8
555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8
555 148 29, 46 (0)70 666 13 80
This constitutes information that Fabege AB (publ) may be legally obliged to
disclose under the Securities Market Act and/or the Financial Instruments
Trading Act. The information was released for publication at 08:00 am CET on 26
April  2012.

Fabege AB (publ) is one of Sweden’s leading property companies
focusing on commercial premises. The carrying amount of the company’s property
portfolio is approximately SEK 30.0bn. The portfolio is concentrated to the
Stockholm region and has an annualised rental value of SEK 2.1bn and a lettable
area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap
segment.