Press releaseAugust 22 2001

Kungsleden sells properties and upgrades forecast

During the third quarter, Swedish property company Kungsleden AB (publ) divested 25 properties for a combined total of SEK 298 million through several different transactions. Properties located in Halmstad and Ljungby accounted for a large proportion of the sales. In total, the property sales yielded capital gains of SEK 31 million, after sales-administration expenses. On a pro forma basis, the sold properties provided a yield on the selling price of 6.8 per cent.

As a result of these sales, Kungsleden is increasing its forecast regarding full-year profit after paid taxes from SEK 330 million to SEK 360 million, corresponding to SEK 19 per share.

"This is a good start to the autumn that encourages us to continue to engage in both the purchase and sale of properties", says Jens Engwall, Managing Director of Kungsleden, commenting on the transactions.

For more information, please contact:

Jens Engwall, Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550
Johan Risberg, Deputy Chief Executive, tel: +46 (0)8 503 05206, mobile: +46 (0)70 690 6565

Press contact

Anna Trane

Head of communications

Tel: 08-503 052 20
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