Press Release 21 November, 2005

The property company Kungsleden sells 4 retail properties in Karlstad. The sales price amounts to 450 MSEK generating a profit of 25 MSEK. The yield based on the sales price is calculated at 6 per cent. The buyer is the Danish Investment company I/S Ejedomsinvest. Kungsleden will leave possession of the properties on 1 February, 2006.

The properties, located in the central parts of Karlstad, consists of 26.000 sq.m. of lettable area, 60 % retail and 35 % offices. The rental value amounts to 41 MSEK.