Year-end report for the 1998 financial year

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YEAR-END REPORT FOR THE 1998 FINANCIAL YEAR 1 * Profit after financial items for the year totalled SEK 32 million (39) , or SEK 1.01/share (1.26). * The return on net asset value reached 13.5 per cent, 22.5 per cent including gains on conversion of currencies. * Net asset value as per December 31 amounted to SEK 4 287 million or SEK 137/share. * Two properties in Luxemburg have been sold for SEK 319 million with a profit of SEK 11 million. * Rental values have improved in all our market areas during 1998. 1 All figures in brackets are proforma 1997. The character of operations and the structure of the Asticus Group changed considerably after it acquired Hufvudstaden International AB in 1997 and the subsequent spin-off of the Group from Diligentia in 1998. Therefore, it is not appropriate to compare the figures for 1998 against those for 1997. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/25/19990225BIT00410/bit0001.doc The full report http://www.bit.se/bitonline/1999/02/25/19990225BIT00410/bit0002.pdf The full report

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