- Selling price set at SEK 66 per share - Offering subscribed about 2 times - Listing on the Stockholm Stock Exchange O-List on April 14, 1999

The sale and new issue of shares in Kungsleden AB (publ) ("Kungsleden") is concluded. A total of 5,758,620 shares were acquired, corresponding to about 31 percent of the total number of shares 1) in Kungsleden, by institutional investors in Sweden and abroad and the general public in Sweden. The shares include both outstanding and newly issued shares.

An additional maximum of 300,000 shares could be newly issued in conjunction with the offering as a result of over-allotment.

The selling price for the Kungsleden share determined through a book-building procedure was set at SEK 66. The total volume of the offering amounts to SEK 380m1.

The offering was subscribed about 2 times. Among those allotted shares were about 70 Swedish and international institutions. SPP will be the largest individual shareholder with 20 percent1 of the votes and capital.

Listing of the shares on the O-List of the Stockholm Stock Exchange is expected from and including April 14, 1999. Payment for the allotted shares must be made not later than April 13, 1999.

Alfred Berg and Swedbank Markets are managers for the offer.

Kungsleden AB (publ)
Board of directors

For further information, contact:

Kungsleden AB
Lars V. Kylberg, Board Chairman, +46 70 589 31 77
Jens Engvall, CEO, +46 8 503 052 04
Alfred Berg Fondkommission AB
Tom Wikström, +46 8 723 60 20
Swedbank Markets
Peter Birke, +46 8 585 925 83