Strong improvement in results for Columna

Strong improvement in results for Columna Interim Report for the half-year to 30 June 1999 Results in brief * Profits after tax totalled SEK 55.2 (17.2) million * Profits from the sale of shares totalled SEK 33.5 (0.2) million * Reported equity per share was 77 öre (71 öre) * Earnings per share were 6.1 öre (2.4 öre) * Cash flow per share improved to 2.3 öre (2.1 öre) * Full-year profits for 1999 after financial items are expected to total approx. SEK 85 million or approx. 9.5 öre per share. (SEKm) Jan-June Jan-June Full year 1999 1998 1998 Rental income, net 35 64 121 Net operating income 32 41 88 Depreciation 3 5 8 Income from interests in associated 14 8 24 undertakings Operating profit 25 31 73 Profit after tax 55 17 33 Reported equity 692 508 637 Equity/assets ratio, 52 36 49 % Equity per share 77 70 71 (öre) Earnings per share 6.1 2.4 3.7 (öre) Cash flow per share 2.3 2.1 3.2 (öre) COLUMNA FASTIGHETER AB (publ) Stockholm, 1999-08-27 For further information, please contact: Anders Lövgren, Managing Director. Tel. +46 (0)8-679 05 90 Columna Fastigheter's mission is to acquire and develop properties and property companies on the European real estate market ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/27/19990920BIT00190/bit0001.doc http://www.bit.se/bitonline/1999/08/27/19990920BIT00190/bit0002.pdf