The property company Kungsleden AB has signed a letter of intent regarding sale of commercial properties in Sweden amounting to approximately MSEK 4 300 and acquisition of public properties of about MSEK 300. If the sale is carried through, the capital gain is estimated to MSEK 650 and the profit for calculating dividends* to MSEK 850.

Final agreement is estimated to be signed before the end of June 2006.



* Profit for calculating dividends means profit after tax excluding unrealized value changes (that do not affect cash flow) and deferred tax. Realized value changes are included in profit for calculating dividends. This profit figure corresponds to the Cash Flow Statement item ’cash flow from operations before change in working capital’.



For more information, please contact:
Jens Engwall, Kungsleden’s CEO, phone: +46 (0)8 503 05230, mobile +46 (0)70 5929470
Johan Risberg, CFO, phone +46 (0)8 503 052 06, mobile +46 (0) 70 690 65 65
Lars Thagesson, COO, phone: +46 (0)8 503 05230, mobile +46 (0)70 592 94 70