Sale of Wallenstam's properties in Malmö

Sale of Wallenstam's properties in Malmö The purchaser, Heimstaden A/S, was to have taken over the properties in Malmö on 01-06-1999. The previously mentioned due diligence has been completed and the results will not affect the terms of the sale. The purchaser has not obtained definite financing. When the purchaser informs us that this has been obtained, the properties will be taken over and the selling price made public. Lennart Wallenstam Byggnads AB Gothenburg, 09-06-1999 For further information, please contact Thomas Dahl, Director of Marketing and Information. Phone: +46-31 200 000 or +46-705 171 142. Wallenstam was founded in 1944 and, with more than 10,000 apartments in its portfolio, is one of the largest residential property companies on the Stockholm Stock Exchange. With floor space totalling about 1,000,000 m2 and a market value of about SEK 1 billion, Wallenstam is also one of the largest listed property companies in Sweden ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/06/09/19990609BIT00210/bit0001.doc http://www.bit.se/bitonline/1999/06/09/19990609BIT00210/bit0002.pdf

About Us

Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holdings are valued at around SEK 40 billion and the customer base consists of about 7,700 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company and its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.

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