Increased profit for Hufvudstaden for 2003

Increased profit for Hufvudstaden for 2003 · Profit after tax for the year amounted to SEK 370.1 million (337.2) and profit per share was SEK 1.78 (1.60) · Increase dividend of SEK 1.20 (1.10) is proposed · The market value of the property portfolio was set at SEK 15.1 billion at year-end, which is equivalent to a NAV of SEK 43 per share after tax · Excluding costs for special projects, gross profit from property management increased by 4.0 per cent to SEK 753.6 million (724.3) · Net sales during the period for the Group amounted to SEK 1,360.5 million (1,347.9) · The rental vacancy level was 8.1 per cent (9.3) Stockholm, February 12, 2004 HUFVUDSTADEN AB (publ) Ivo Stopner President Enclosure: Year-end Report 2003 For further information, please contact Ivo Stopner, CEO, or Magnus Jacobson, CFO, telephone +46 (0)8-762 90 00. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00530/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00530/wkr0002.doc Year-end Report 2003 http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00530/wkr0003.pdf

About Us

Hufvudstaden provides office and retailing premises in prime locations in Stockholm and Gothenburg. The Company was founded in 1915 and is today one of Sweden's largest listed property companies and one of the strongest brands in the country in the property sector.