Kungsleden sells and changes forecast

Kungsleden sells and changes forecast. The property company Kungsleden AB (publ) has sold the property Skellefteå Loke 7. The property contains 9.000 sqm of lettable area of which 5.000 sqm is hotel and the remaining part office and retail. The sales price amounts to MSEK 50 whith a profit of MSEK 12. Kungsleden has also sold the property Göteborg Majorna 164:2. The property contains 6.000 sqm of lettable area of which the majority is industrial and warehouse. The sales price amounts to MSEK 38 with a profit of MSEK 5. As a consequence of the sales made during the fourth quarter the company changes its forecast for the year 2003 from profit before taxes of at least MSEK 450 to a profit before taxes of MSEK 475. 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 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/2003/12/23/20031223BIT00610/wkr0001.doc http://www.waymaker.net/bitonline/2003/12/23/20031223BIT00610/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.