Tomas Billing leaves Hufvudstaden

Tomas Billing leaves Hufvudstaden The Managing Director of Hufvudstaden, Tomas Billing, will leave the company to become Managing Director of Nordstjernan AB. Tomas Billing remains as Managing Director at Hufvudstaden during the spring of 1999 until a new Managing Director has been appointed. Fredrik Lundberg, Chairman of the Board, says: "Tomas Billing has done a meritous contribution to Hufvudstaden. The company's position as one of the leading real estate companies in Sweden has been strengthened by the refocusing of the business and the acquisition of NK Cityfastigheter. We wish him good luck in his new position." "The strategy of Hufvudstaden remains and a new Managing Director will be appointed as soon as possible." Stockholm, January 11, 1999 Hufvudstaden AB (publ) The Board For further information, contact: Fredrik Lundberg, Chairman of the Board, telephone +46 8 463 06 00 Tomas Billing, Managing Director, telephone +46 8 407 77 00 ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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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.