CATENA CONTINUES THE PROCESS OF DIVESTING ITS REAL PROPERTIES

In virtue of the board of director’s decision of 22 September 2010 Catena has analyzed the option to sell Catena’s real property holdings in part. For this purpose Catella Corporate Finance has been engaged regarding structural issues, qualification of bidders and obtaining of offers. Offers have been obtained regarding the sale of all shares of a subsidiary (“Realco”) of Catena containing the total stock of real property except Solna Hagalund 2:2 and Solna Stora Frösunda 2 which will continue to be owned by Catena.

After evaluating the offers received and after consultation with Catella Corporate Finance the board of directors has concluded that Fastighets AB Balder (”Balder”) has submitted the most advantageous offer. Thereby, the board of directors has decided to transfer the shares of Realco to Balder subject to final negotiations and approvals of Catena’s and Balder’s extraordinary shareholder’s meetings. The final purchase price for the shares in Realco is not possible to determine at the present but will be based upon Balders bid for 1.6 billion SEK from which, inter alia, will be deducted part of the deferred taxes related to the real properties.

Since Erik Selin is a member of the board of directors in both Catena and Balder there is a conflict of interest. Because of the conflict of interest the share sale and purchase agreement regarding Realco will not be signed until the extraordinary general meeting of Balder has decided to approve Balder’s board of directors’ decision to acquire the shares in Realco.

Given that the major shareholder of Balder, Erik Selin, is a board member of Catena entails that Erik Selin is considered a related person to Catena. Thereby the decision of Catena’s board of directors is conditional upon that Catena’s extraordinary general meeting in accordance with Chapter 16 of the Swedish Companies Act ( the LEO-rules) approves the transfer of Realco.

Notice of extraordinary general meeting including a presentation of the details regarding the transfer will be announced shortly.

According to the preliminary time plan the extraordinary shareholders’ meetings in Catena and Balder and the signing of the share sale and purchase agreement will be effectuated in January 2011.

It is noted in particular that because of the conflict of interest, Erik Selin has not participated in the board of director’s preparation of the matter or in the board of director’s decision.

For further information, please contact Henry Klotz, Chairman of the Board, +44 (0)7766 205 145 or Peter Hallgren, President and CEO, tel +46-31-760 09 32

This information is such that Catena AB (publ) must release it publicly in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released to the public on December 22, 2010, at 08.57 a.m.

Catena shall own, effectively manage and actively develop commercial real estate in prime locations that offers the potential to generate
steadily growing cash flow and favorable value growth. Catena’s overriding objective is to provide shareholders with a favorable, long-term total
return by being one of the leading players involved in commercial real estate in a number of strategic locations.