Kungsleden in SEK 70 m divestment

Press Release 15 October 2009

Listed Swedish property company Kungsleden AB (publ) is selling a site leasehold in Stockholm held in its joint venture with AP3 (the Swedish Third Pension Insurance Fund) for a purchase price of SEK 70 m. The sales price corresponds to book value and exceeds acquisition cost by some SEK 23 m. Of this latter amount, just over SEK 11 m will be posted to Kungsleden’s profit for calculating dividends for 2009. The divested site leasehold is located on Södermalm in central Stockholm. There are 50 retirement home apartments operating in the property. There are also premises for home-help services, and three smaller retail units. The building has gross leasable area of 3,286 sq.m., of which 3,085 sq.m. is retirement homes. The rental value is approximately SEK 4.8 m. Transfer of possession is scheduled for 1 February 2010. Kungsleden discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 15 October 2009 at 9:00 a.m.

About Us

Kungsleden is a property company operating in Sweden and listed on Nasdaq Stockholm. We focus on owning, actively managing, improving and developing commercial properties long-term in the office, industry/warehouse and retail segments, in chosen growth regions such as Greater Stockholm, Greater Gothenburg, the Mälar Valley and southwestern Sweden. We offer appealing and functional premises in the right locations at the right price. Clustering our properties, ensuring a good local knowledge and being close to our customers allows us to quickly offer new solutions when our customers’ needs change.