Catena makes exchange debut on April 26

As the proposed previously by the Board and announced, the Annual General Meeting in Bilia AB ("Bilia") today resolved to distribute Catena to Bilia’s shareholders, in which each two shares in Bilia carry rights to one new share in Catena. Catena is currently a wholly owned subsidiary of Bilia.

The Listing Committee of the Stockholm Stock Exchange has approved Catena for trading on the O-List of the Stockholm Stock Exchange under the condition that the broadening of ownership requirement is met. The broadening requirement will be fulfilled as a result of the distribution. The Catena share will be listed as of April 20, 2006. The Bilia share will be listed ex-rights to shares in Catena on April 20, 2006 and the record date in Bilia for rights to shares in Catena is April 24, 2006.

“The division will serve to clarify the value in both operations separately and will create favorable conditions for increasing shareholder value,” says Peter Hallgren, President of Catena. “After the distribution, Bilia is also our largest tenant and generates stable revenues through long-term leasing agreements. This provides Catena a stable foundation and the flexibility to develop as an independent company.”

Catena’s properties are located in strong commercial locations along traffic arteries approaching major cities in four growth areas: the Stockholm and Mälardalen region, the West Götaland region, the Öresund region and the Oslo region. It is planned that Catena will grow in these and other regions through acquisitions and adding value to properties.

Gothenburg, April 19, 2006