Significant increase in pretax profits

- Pretax profit increased by 74 per cent till SEK 129 M (74), corresponding to pretax profit per share of SEK 6.80 (3.90).
- Operating surplus increased by 31 per cent to SEK 190 M (144).
- During the period, 15 properties were divested for a total of SEK 240 M, generating a gain of SEK 36 M (2).
- Forecast of pretax profit of SEK 450 M for the fiscal year 2002 remains unchanged.

- "Profits for the first quarter matched our expectations. The preceding year’s acquisitions and divestments, as well as excellent management efforts, are the primary reasons for the earnings figures. We continue to take a positive view of the market trend, in which the major interest shown by foreign investors is a very exciting feature," comments Jens Engwall, Chief Executive Officer of Kungsleden.

For further information, contact:
Jens Engwall, CEO, Kungsleden, tel +46 (0)8-503 052 04, mobile +46 (0)70-690 65 50
Johan Risberg, Deputy CEO, Kungsleden, tel +46 (0)8-503 052 06, mobile +46 (0)70-690 65 65