D. Carnegie & Co – Svein Erik Lilleland appointed new CEO

D. Carnegie & Co AB (the "Company") – listed on Nasdaq Stockholm – announces today that Svein Erik Lilleland, current member of the board of directors and interim CEO, has been appointed permanent CEO for the Company.

The board has during the last couple of months assessed alternatives for a new CEO for the Company. During this process, Svein Erik Lilleland had been appointed as interim CEO. Svein Erik Lilleland joined the board of the Company in October 2016, and has since then been closely involved in working with the Company’s senior management. Svein Erik Lilleland has proven to be a highly qualified candidate well suited to lead D. Carnegie & Co AB through the next phase of its development.

Comment by Svein Erik Lilleland:

”I look forward to continuing the work already started and to assume the role of CEO of the Company. I strongly believe in the Company's business concept: to own and manage residential properties with a gradual upgrading of apartments in connection with the natural turnover of tenants. I want to see continued strong growth in the Company and I look forward to further development opportunities and possibilities to add value. The Company plays an important role in housing supply and we will continue to be a stable, creative and long-term partner to all municipalities we cooperate with. ”

Comment by James Seppala, chairman of the board:

"We are very pleased that Svein Erik Lilleland has agreed to take on the permanent role of being the Company’s CEO. We are confident that Svein Erik, supported by D. Carnegie & Co’s existing senior management team, will continue to execute the Company’s business plan and maximise value for all D. Carnegie & Co shareholders, as he has already proven during this interim period. "

For further information, please contact the Company

+46 8 12 13 1725

About D. Carnegie & Co

D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the company's renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 20,594 million on 30 September 2017. The total rental value amounted to SEK 1,562 million annually on 30 September 2017. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

About Us

About D. Carnegie & Co D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the Bosystem renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 15,887 million as of September 30 2016. The total annual rental value amounted to SEK 1,366 million as of September 30 2016. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

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