Press releaseNovember 09 2006

Kungsleden makes SEK 1.7 bn of acquisitions

Press Release 9 November 2006

Listed Swedish property company Kungsleden AB (publ) is acquiring 24 properties and six site leaseholds for SEK 1.7 bn. The estimated property yield is 6.3%. The properties are located in central and southern Sweden, and have total lettable floor-space of approximately 190,000 sq.m. with rental value of about SEK 172 m. The portfolio consists of 51% commercial premises, 21% supermarkets operated by northern European foods provider ICA and 28% residential property.

Kungsleden is scheduled to take possession on 1 December 2006.

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Anna Trane

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