Drott has sold Liertoppen shopping mall in Norway for SEK 321 M

Drott has sold Liertoppen shopping mall in Norway for SEK 321 M In line with the strategic decision to phase out its portfolio of properties outside Sweden, Drott has sold the Liertoppen shopping mall outside Oslo. This is one of the largest shopping malls in Norway, comprising slightly more than 70 stores and a total of approximately 36,000 square meters of rentable floor space. The selling price of SEK 321 M corresponds to a yield of 9% in 2000 and will have a marginal effect on Drott's earnings. The purchaser is Norway-based Sektor Eiendomsutvikling AS, which owns and manages some 20 shopping malls in Norway. Drott will hand over ownership of the property on September 29, 2000. Drott's holding outside Sweden Following the current sale, Drott owns a total of four properties outside Sweden, with a combined book value of SEK 328 M. The properties generate annual rent, including vacant space, of SEK 38 M, corresponding to about 1% of Drott's total rental revenues. All of the properties outside Sweden are to be divested. Location Property Type Rentable space, sq. m. Düsseldorf, UT Haus fashion 17 241 Germany Paris center Bonn, Flur 63 hotel 14 279 Germany N 14 Brussels, Europe offices 4 319 Belgium House Brussels, Grimberg site - Belgium en Total 35 839 Drott AB (publ) Further information: Mats Mared, President and CEO (Tel: +46-8-545 83 010) ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/09/06/20000906BIT00310/bit0001.doc http://www.bit.se/bitonline/2000/09/06/20000906BIT00310/bit0002.pdf