Prospectus for distribution and listing of shares in Catena AB

Catena is today publishing a prospectus for the distribution and listing of shares in Catena AB (“Catena”). Catena is at present a wholly owned subsidiary of Bilia AB (“Bilia”). The Board of Directors of Bilia has prepared a proposal that the Annual General Meeting of Bilia on April 19, 2006 approve the distribution of Catena to Bilia’s shareholders, whereby each two shares in Bilia will entitle the holder to one share in Catena.

The Stockholm Stock Exchange listing committee has approved Catena for listing on the Exchange’s O-List, provided the broadening of ownership requirement is fulfilled. The the broadening of ownership requirement will be met through the distribution. Assuming that Bilia’s Annual General Meeting on April 19, 2006 votes in favor of the Bilia Board’s proposal on the distribution of Catena, shares in Catena will be listed as of April 26, 2006. The Bilia share, ex rights to shares in Catena, will be listed on April 20, 2006. The record date within Bilia for the right to shares in Catena is April 24, 2006.

As a consequence of the new listing, Catena will hold a press conference at Hagströmer & Qviberg Fondkommission, Norrlandsgatan 15 D, Stockholm at 10:30 a.m. today.

All shareholders in Bilia who have requested printed information from Bilia will automatically receive the above-mentioned prospectus, together with Bilia’s annual report for 2005.

The prospectus can be downloaded from this page on Catena’s website (www.catenafastigheter.se), Bilia’s website (www.bilia.se) or Hagströmer & Qviberg’s website (www.hq.se).

The prospectus is also available free of charge as a paper copy from Catena (before April 1, 2006: Norra Långebergsgatan 3; after April 1, 2006: Lilla Bommen 6, Gothenburg) and from Hagströmer & Qviberg (Norrlandsgatan 15 D, Stockholm), or can be ordered on telephone number +46 8-700 00 10.

The prospectus can also be ordered via e-mail by sending your name and address to prospekt@catenafastigheter.se.

“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.

Stockholm, March 23, 2006