Kungsleden sells and aquires

Kungsleden sells and aquires. The property company Kungsleden AB (publ) has sold the property Malmö Kajan 37. The sales price amounts to MSEK 50 and the purchaser is Variant Fastighets AB Kungsleden has also sold the properties Falun Yttre Åsen 12 and Västra Falun 1. The sales price amounts to MSEK 102 and the purchaser is Solrosen Invest AB. In total the above mentioned sales shows a loss of MSEK 4. Kungsleden has also aquired a company with substantial tax losses. Through the purchase, the groups equity increases with MSEK 130 or 6,90 kr per share. Following the purchase, Kungsleden´s taxloss carry-forward, as per September 30, 2003 are estimated to approximately MSEK 1,100. 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 CFO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565 Detta pressmeddelande och bokslutskommunikén finns tillgängliga på svenska på www.kungsleden.se[REMOVED GRAPHICS] 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 420 properties with a book value of approximately SEK 10.3 bn. The holding is located in a total of 119 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/2003/10/24/20031024BIT00800/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/24/20031024BIT00800/wkr0002.pdf

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.