Kungsleden´s third quarter: operating surplus SEK 235 m

Kungsleden's third quarter: operating surplus SEK 235 m · Profit after tax stood at SEK 263 (262) m, equivalent to SEK 13.90 (13.80) per share. · Sales and operating surplus grew by 7 (26) and 4 (30) per cent to SEK 1,033 (967) m and 647 (623) m respectively. · 37 (51) properties divested in the interim period, generating revenues of SEK 458 (490) m and profits of SEK 57 (61) m; 25 (9) properties acquired for SEK 893 (345) m. · Kungsleden is retaining its forecast of profit before tax of at least SEK 450 m. Commenting, Kungsleden's Chief Executive Jens Engwall, said: "We've managed to lift our operating surplus still further in what remains a problematic rentals market with high operating costs. We've also lifted the risk-adjusted returns of our holding by growing primarily within retirement home properties, while also prioritising the sale of commercial properties." For more information, please contact: Jens Engwall, Kungsleden's Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550 Johan Risberg, Kungsleden's COO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565 Detta pressmeddelande och kvartalsrapporten finns tillgängliga på svenska på www.kungsleden.se Kungsleden's strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 418 properties with a book value of approximately SEK 10.8 bn. The holding is located in a total of 117 municipalities, although concentrated on the Swedish provinces of Götaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since 14 April 1999. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/24/20031024BIT00520/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/10/24/20031024BIT00520/wkr0002.pdf The full report

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.

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