The press release published by Kungsleden at 10 a.m. on 5 June, “Kungsleden—update on tax rulings” included inaccurate time information. The amount stated in the company’s provisioning for tax proceedings in the second quarter is the total amount charged to the first two quarters of 2012.
A corrected version of the first paragraph of this press release follows. The correction is in italics:
Kungsleden—update on tax rulings
“The Administrative Court in Stockholm has reported rulings on two cases to which Kungsleden is party. The Administrative Court has ruled that the Swedish Tax Evasion Act is applicable to transactions conducted in the tax years 2004 and 2006. In addition to the provisioning made in 2009, the company is provisioning an additional SEK 48 m as a consequence of these rulings. Accordingly, in addition to previously reported provisioning for tax proceedings, the company’s total provisions amount to SEK 963 m, of which SEK 260 m was charged to the first quarter, and SEK 378 m will be charged to the second quarter. These amounts include interest and potential tax surcharges.”Regulatory
For more information, please contact:
Anna Persson, Tax Manager of Kungsleden | phone 46 (0)8 503 05222 | mobile 46 (0) 070 690 6576
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 5 June 2012 at 4:45 p.m.
Kungsleden’s strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and divestments. As of 31 March 2012, the property portfolio comprised 317 properties with a book value of SEK 15.5 bn. The portfolio was located in a total of 100 municipalities, mainly in southern and central Sweden. Kungsleden has been quoted on the Nasdaq OMX Stockholm since 1999.