Press Release 15 May 2006

The property company Kungsleden AB acquires a property portfolio of eleven (11) properties situated in Karlskoga and one (1) property in Stockholm. The purchase price amounts to MSEK 131 with an estimated property yield of approximately 9 %.

The properties has a total lettable area of 32 000 sq.m, of which 63 % are industry/warehouse, with a rental value of approximately MSEK 18.

Possession changes hands on 31 May 2006.