Drott raises bid for Balder to SEK 140 per share

Drott raises bid for Balder to SEK 140 per share On February 9, 2000, Drott AB (Drott) submitted a public offer to shareholders in Fastighets AB Balder (Balder) regarding the acquisition of 1 all of the shares in Balder at a price of SEK 135 per share . Drott decided today to raise the offer to SEK 140 in cash per share, which corresponds to an offer premium of 37% (based on the final price paid on February 8). It is estimated that the prospectus to Balder shareholders will be published on Thursday, March 2. Acceptance period: March 6-24. Payment settlement: April 3. Disclosure of substantial share acquisitions - Drott has acquired 48% of Balder Drott has today acquired 11.5 million Balder shares, corresponding to slightly more than 48% of the share capital and voting rights. Prior to today's acquisitions, Drott held no Balder shares. The sellers were approximately ten Swedish institutions. Drott AB (publ) Further information: Mats Mared, President (Tel: +46-8-545 83 010) 1 See press release 5/2000 from Drott (Feb 9, 2000) ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/23/20000223BIT00260/bit0001.doc http://www.bit.se/bitonline/2000/02/23/20000223BIT00260/bit0002.pdf