Wallenstam signs rental agreements in Nacka and Malmö

Wallenstam signs rental agreements in Nacka and Malmö Wallenstam has signed a rental agreement for 1999 for about 1,500 apartments in Nacka and about 1,100 apartments in Malmö. The agreement in Nacka covers 1,300 apartments in Orminge, where the rent increase is 3.45%, and a residential area with about 200 apartments where the increase is 7%. In Malmö, the rent increase varies between 2% and 3.2%. These rent increases will have a positive impact on Wallenstam's profit in 1999. Gothenburg, 13 January, 1999 Lennart Wallenstam Byggnads AB (publ) For further information, please contact Thomas Dahl, Director of Marketing and Information, phone +46 31 200 000. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/13/19990113BIT00190/bit0001.doc http://www.bit.se/bitonline/1999/01/13/19990113BIT00190/bit0002.pdf

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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.