Statement By The Board Of Asticus

STATEMENT BY THE BOARD OF ASTICUS On 8 March 1999, IVG Holding AG ("IVG") announced a public offer ("the Offer") to the shareholders in Asticus AB (publ) ("Asticus") to tender their shares in Asticus for a cash consideration of SEK 117 per share. On 9 March 1999, the board of Asticus announced that it had been informed of the Offer and would evaluate it. On 12 March 1999, Enskilda Securities was appointed the advise the board in its evaluation. On 25 March 1999, IVG published an offer document, which was distributed to the shareholders of Asticus. The offer document states that the acceptance period is open from 26 March up to and including 15 April 1999. It should be noted that IVG has dropped its condition to acquire more than 90 per cent of the shares. Since the announcement of the Offer, IVG has purchased shares in Asticus. As of 25 March 1999, IVG had purchased 13 906 392 shares in Asticus, corresponding to 44,4 per cent of the total number of shares and votes in the company. Immediately before the Offer, the Asticus shares traded on the Stockholm Stock Exchange at SEK 85. In relation to this market price, the Offer corresponds to a premium of approximately 38 per cent. Asticus has disclosed a NAV of SEK 137 per share as of 31 December 1998. The Offer from IVG represents a discount of approximately 15 per cent, in relation to NAV. The Board of Asticus has concluded its evaluation of the Offer. In view of the high quality of Asticus' property portfolio and its favourable future prospects, the board concludes that the Offer from IVG is not generous. The board, however, has acknowledged that since the Offer was launched, IVG has acquired 44,4 per cent of the total number of shares and votes, and thus already is by far the largest shareholder in Asticus. In light of the above, it is the board's view that other shareholders should accept the offer. Gothenburg, 31 March 1999 The Board of Directors Asticus AB (publ) For further information please contact: Lars Öberg, Chairman of the board, Telephone: +46 8 611 68 30 Torbjörn Seifert, Managing Director, Telephone: +46 70 326 78 61 Bo Ahlén, Information/Investor Relations, Telephone: +46 31 837 860, mobile +46 70 326 78 60 e-mail: info@asticus.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/03/31/19990331BIT00470/bit0001.doc http://www.bit.se/bitonline/1999/03/31/19990331BIT00470/bit0002.pdf