The Election Committee has informed Kungsleden of its proposal to the Annual General Meeting on 6 April 2006 to extend the board with one member to a total of seven Board Members. The Election Committee will propose the re-election of Bengt Kjell, Mats Israelsson, Jonas Nyrén, Per-Anders Ovin, Anna Weiner Jiffer and Jens Engwall and the election of Jan Nygren as new Board Member. Furthermore, the Election Committee proposes the election of Bengt Kjell as Chairman of the Board of Directors.

Jan Nygren, born 1950 is Executive Vice President of SAAB AB and, inter alia, Chairman of the Board of Directors of SAAB Ericsson Space AB and The Private Sector’s Security Network (NSD) of the Confederation of Swedish Industry as well as a member of he Royal Swedish Academy of Engineering Sciences (division XI for Education and Research Policy) and the Supreme commander’s advisory board for public affairs. Mr Nygren has held various positions at Riksbyggen AB during three intervals, totalling 8 years, including CEO between 1997 and 2000. After graduating from upper secondary school, Mr Nygren got involved in politics and has served as State Secretary at the Ministry for Defence as well as Ministry for Civil Service Affairs. During the years 1994-1996 he served as Minister for Coordination.

The members of the Kungsleden Nomination Committee are KG Lindvall (representing Robur), chairman, Gunnar Balsvik (representing Kåpan Pensioner), Olle Florén and Bengt Kjell, chairman of the Board of Directors.

The complete proposal of the Election Committee for resolutions at the Annual General Meeting 2006 and additional information regarding the proposed Board Members and an account of the work performed by the Election Committee will be given at the latest in connection with the publishing of the notice for the Annual General Meeting.

Stockholm, 15 February 2006

THE BOARD OF DIRECTORS



For further information, please contact:
Bengt Kjell, Chairman of the Board, Telephone: +46-8-666 64 41, Mobile: +46-70-594 53 98