On Tuesday, Kungsleden AB (publ) held its Annual General Meeting, and in accordance with a motion from the Board of Directors, resolved on dividends of SEK 10.50 per share. The record date of 12 April 2002 was adopted, with dividends scheduled for distribution by VPC (the Central Swedish Securities Depository) on 17 April 2002.

In his statement to the Meeting, Chief Executive Jens Engwall reviewed operations in the financial year 2001 and described current market conditions. The market for property acquisitions and disposals has been healthy in early 2002, with a series of positive transactions. Mr. Engwall also commented on Kungsleden’s business in sheltered accommodation for senior citizens, which progressed well; he also highlighted his perception of a series of attractive business opportunities in this segment in the remainder of 2002.

The AGM discharged the Board members and Chief Executive from liability for the financial year 2001. Jockum Beck-Friis, Jens Engwall, Mats Israelsson, Bengt Kjell, Jonas Nyren and Ole Oftedal were re-elected as Board members; Bengt Kjell was appointed Chairman of the Board at the subsequent Board meeting following election.

For more information, please contact:
Jens Engwall, Kungsleden’s CEO, tel: +46 (0)8 503 05204, mobile: +46 (0)70 690 6550
Johan Risberg, Kungsleden’s COO, tel: +46 (0)8 503 05206, mobile: +46 (0)70 690 6565