Press Release 23 May 2006

As announced previously in a press release of 12 April 2006, Kungsleden is negotiating the divestment of commercial properties worth approximately SEK 4.3 bn. This negotiation process has now been extended to encompass commercial properties worth SEK 2.2 bn. The divestment of the properties the negotiations now encompass would generate a capital gain of SEK 600 m and a profit for calculating dividends of SEK 725 m.

In total, current negotiations encompass property worth SEK 6.5 bn; their divestment would generate a total capital gain of SEK 1 250 m and profit for calculating dividends of SEK 1 575 m.

The schedule remains unchanged, and a binding agreement could be signed before the mid-point of the year.