Interim report January – June 2006

Catena reports strong property management earnings

• Rental revenue for the period totaled SEK 88.1 M (84.4 pro forma for the corresponding period in 2005).

• Income from property management for the period, excluding listing expenses, totaled SEK 54.2 M (44.3 pro forma), or SEK 4.69 per share (3.83 pro forma). Income from property management for the period, including listing expenses of SEK 11.4 M, totaled SEK 42.8 (44.3 pro forma), corresponding to SEK 3.70 per share (3.83 pro forma).

• Profit before tax for the period was SEK 109.7 M (215.2 pro forma). Profit for the period includes unrealized value changes in property and financial instruments of SEK 66.9 M (170.9 pro forma) and expenses in conjunction with the stock exchange listing in the amount of SEK 11.4 M (0.0 pro forma).

• Profit after tax for the period amounted to SEK 80.9 M (154.8 pro forma) or SEK 6.99 per share (13.39 pro forma).

• A shareholder contribution was received during the period amounting to SEK 60.0 M (0.0 pro forma).

Peter Hallgren, CEO:
“We see favorable prospects to continue creating values in our portfolio by developing our properties in cooperation with current tenants. Our new leases with Bilia to renovate our facilities at Almedal in Gothenburg are a good example. It was decided during the reporting period to invest SEK 52.7 M in existing facilities.

“The improvement of our portfolio has also brought us new tenants. One such new tenant is a clothing outlet that has become a tenant at Värnhem in Malmö. I expect we will continue to acquire new tenants in our existing properties.

“The business climate for commercial properties remains favorable, backed by a strong market trend and strong household consumption. Nor do we see any signs of a weakening.”

Gothenburg, August 17, 2006