Press releaseAugust 15 2006

Kungsleden’s second quarter: profit before tax of SEK 1,362 m

• Profit before tax was SEK 1,362 (749) m and net profit was SEK 1,526 (753) m, equivalent to SEK 11.20 (6.20) per share.
• Rental revenues and operating net increased by 56 and 32 per cent respectively to SEK 1,245 (798) m and SEK 741 (560) m respectively.
• In the interim period, 203 properties were divested for SEK 5,455 m generating profits of SEK 312 m and cash flow of SEK 974 m; 74 properties were acquired for SEK 2,264 m.
• Profit for calculating dividends for the period was SEK 1,199 m. Kungsleden is reiterating its forecast for the financial year 2006 of profit for calculating dividends of SEK 2,900 m.

Kungsleden’s Acting Chief Executive Johan Risberg commented: “Kungsleden posted another big profit increase in the second quarter, which is pleasing. Activity was brisk in the quarter with 89 properties divested, whose risk-adjusted returns were lower than the risk-adjusted returns of the acquired property holding. Shareholders’ equity almost doubled on the level at the mid-point of last year, and in financial terms, we’re very well equipped for our future.”

For more information, please contact:
Johan Risberg, Acting Chief Executive and Deputy Chief Executive, tel +46 (0)8 503 05206,
mobile +46 (0)70 690 6565

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