Drott acquires properties for SEK 750 M in central Malmö

Drott acquires properties for SEK 750 M in central Malmö Drott has acquired Fastighets AB Ragne, a real estate company that owns 26 properties in Malmö. The acquired properties contain 102,000 square meters of rentable floor space, of which residential premises accounts for 64,000 square meters (889 apartments) and commercial premises for 38,000 square meters. A total of 20 of the 26 properties are located in central Malmö/Slottsstaden, all of which, with the exception of three, are freeholds. The occupancy rate based on revenue is 98 percent. Drott is paying SEK 750 million for the properties - an average of SEK 7,333 per square meter - which corresponds to a yield of 7.0 percent (based on rents for the year). The seller is the Göran Gustafsson Foundation for Natural Science and Medical Research, and the takeover date is December 28, 2000. Following the acquisition, Drott will own a total of 3,394 apartments in Malmö. Drott Commercial Residential Total * Sq. Rent Sq. Rent Sq. Rent * * m. m. m. Drott in Malmö as 186 SEK 184 SEK 371 SEK of Sept 30, 2000 545 175 M 628 152 M 173 327 M Ragne 37 SEK 64 SEK 102 SEK 879 29 M 401 52 M 280 81 M Total in Malmö 224 SEK 249 SEK 473 SEK 424 204 M 029 204 M 453 408 M * Annual rental revenues, incl. rents for vacant space Comment by Drott CEO Mats Mared: "The acquisition of Ragne is part of Drott's strategy of concentrating its residential portfolio to central locations in Sweden's three largest cities. The gradual change in the profile of the residential portfolio has been implemented through the acquisition of Näckebro, Balder and the HSB properties, and via sales of a number of larger residential holdings in such locations as Borås (Halleberg, 900 apartments), Lidköping (Vagnen, 420 apartments), Malmö (Bellevuegården, 930 apartments) and Gothenburg (Södra and Norra Biskopsgården, 2,100 apartments)." Acquired properties Property Address Renta - of ble which floor housi space ng Asker 1 Kilian 3 530 3 364 Zollsgatan 2 A-D Bara 1 Ö 2 767 2 241 Kristinelundsväg en 10 A-C Bara 6 Ö 2 126 1 846 Kristinelundsväg en 16 A-B Brita 6 Amiralsgatan 11 1 444 1 109 Cedern 17 Disponentgatan 5 310 5 248 19-23 Danzig 22 S Promenaden 3 1 829 1 734 Delfinen 14 V Kanalgatan 5 5 580 3 330 Elefanten 41 Lugna Gatan 38 6 927 6 824 Flygbasen 4 Höjdrodergatan 4 1 618 - Havsuttern 2 Kapellgatan 4 2 895 2 895 Heimdal 12 Sallerupsvägen 4 2 148 1 784 Hermodsdal 2 Professorsgatan 5 167 5 167 (leasehold) 8 A-B Hövitsmannen 1 Ö 4 895 3 937 Rönneholmsvägen 21 Kastanjen 4 Almbacksgatan 16 1 446 1 446 (leasehold) Katrinetorp 1 Fågelbacksgatan 2 005 1 942 34 A-C Katrinetorp 2 Beridaregatan 20 1 928 1 928 A-C Katrinetorp 3 V 3 102 2 854 Rönneholmsvägen 79 A-C Lars 4 Ö Förstadsgatan 2 432 1 741 20 Laxen 23 Brogatan 7 7 448 - Mjödet 11 Kirsebergs Torg 15 7 040 5 964 Stacken 11 V Hindbyvägen 3 5 224 5 191 (leasehold) A-B Sämjan 2 Bokgatan 18 9 507 - Söderport 7 Gustav Adolfs 2 054 556 Torg 43 Vårdkasen 2 Vattenverksvägen 2 346 2 024 9 Vakteln 17 Linnégatan 34 site - Vakteln 19 Linnégatan 34 2 588 200 Total 102 64 280 401 Drott AB (publ) Further information: Mats Mared, President and Chief Executive Officer (Tel: +46-8-545 83 010) Drott is one of the largest publicly traded real estate companies in Europe. The Group's business concept is to acquire, develop and manage commercial and residential properties in growth areas of Sweden. As of September 30, 2000 Drott owned 720 properties containing 4.3 million square meters of rentable floor space and representing annual rental revenues of SEK 3.9 billion (incl. rent for vacant space). Stockholm, Gothenburg and the Öresund region account for approximately 90% of total real estate value. Drott has slightly more than 400 employees and 47,000 shareholders. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/11/20001211BIT00870/bit0001.doc http://www.bit.se/bitonline/2000/12/11/20001211BIT00870/bit0002.pdf

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