Press release 19 June 2006

As previously announced Jens Engwall will be leaving his position as CEO of listed property company Kungsleden AB. The Board of Kungsleden AB has appointed Thomas Erséus, currently CEO of WSP Europe AB and Executive Director of WSP Group Plc, as new CEO. Thomas Erséus will enter his new position on 1 September 2006.

Thomas Erséus has served as CEO of WSP Europe AB, a subsidiary of the listed British technical consultant WSP Group Plc, based in London, since 2002. WSP Europe provides consultancy services to primarily the construction and property sectors and to companies within the transport and environmental areas. The company has an annual turnover of around SEK 1.8 million and employs about 2 500 people. Thomas Erséus was previously CEO of the then listed Swedish technical consultant AB Jacobsson & Widmark, which in 2001 merged with WSP. He has also been CEO of Caran AB, a previously listed Swedish technical consultant.

”Thomas Erséus has had a very successful career as a leader of large, listed service companies. He also has extensive experience of establishing and managing operations in an international environment. In addition, he has also participated in several acquisitions and restructuring processes during his career, experiences that fit well into Kungsleden”, says Bengt Kjell, Chairman of the Board of Kungsleden.

Thomas Erséus serves as board member of Hagströmer & Qviberg AB, Hallvarsson & Halvarsson AB and DSV Miljö A/S Danmark. In 1998, he was named Leader of the Future by the Swedish Junior Chamber of Commerce and in 2004 he received the distinction Successful Leader within the Construction Sector by the Centre for Management of the Built Environment. Thomas Erséus is 42 years old, holds a Master of Engineering from Chalmers in Gothenburg, he is married and has five children.

Johan Risberg, Deputy CEO/CFO of Kungsleden, has been appointed as acting CEO of Kungsleden AB during the period 1July – 31 August 2006. Jens Engwall remains a member of the Board of Kungsleden AB.