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Drott has sold four properties for SEK 211 M

Drott has sold four properties for SEK 211 M Bostads AB Drott and the future Fabege have sold four properties for a total of SEK 211 M. Bostads AB Drott has sold two residential properties for a total of SEK 79 M. The price is an average of 14 percent higher than the properties' independently appraised values as of December 31, 2003. The capital gain for Bostads AB Drott totaled SEK 11 M. The future Fabege has sold two properties - one of which is a residential property sold to a tenant-owner association - for a total of SEK 132 M. The price is an average of 33 percent higher than the

Drott will release 3 publications today

Drott will release the following publications today 1. Annual report 2004 2. Listing prospectus for the shares in Bostadsaktiebolaget Drott 3. Corporate presentation of Fabege These publications, in Swedish, are available online at www.drott.se and will be distributed to all shareholders registered directly in their own names and others who have expressed an interest in receiving financial information on Drott beginning on March 8, 2004. The publications can also be ordered by phoning Drott's shareholder service at +46 20 65 66 00. The English version of the listing prospectus will be

Annual General Meeting of Drott AB

Annual General Meeting of Drott AB to decide on a number of proposals The Annual General Meeting of Drott AB (publ) will be held at 4:00 p.m. (CET) on Tuesday, March 30, 2004 at Polstjernan Konferens, Sveavägen 77, in Stockholm. The notice of the meeting contains a number of decisions that are on the agenda. The main proposals are a demerger of the Group into two companies - Bostads AB Drott and Fabege AB - and the transfer of SEK 3.3 bn to shareholders through a redemption. As proposed, the demerger and transfer will basically be implemented as follows: 1 For every four shares in Drott AB (

Drott Year end report 2003

Year-end report 2003 * Rental revenues SEK 3.6 billion (3.7) * Profit from ongoing property management operations SEK 0.7 billion (0.7) in line with forecast * Property sales of SEK 12.1 billion (0.9) gains of SEK 1.1 billion (0.3) * Profit after tax SEK 0.7 billion (0.5) earnings per share SEK 8.12 (5.99) * Property value according to independent appraisal: SEK 27.5 billion (40.2) * Estimated adjusted equity: SEK 150 per share (170) Proposal to the Annual General Meeting * Change the name of Drott AB to Fabege AB * Distribute the subsidiary Bostads AB Drott to shareholders * Cash transfer

President appointed at Fabege

President appointed at Fabege* * As proposed, Drott AB will change its name to Fabege AB In accordance with the strategy and direction adopted in June 2003, the Board of Directors of Drott AB is implementing a demerger of the Drott Group into two companies: Fabege AB with a focus on commercial properties in the Stockholm area, and Bostadsaktiebolaget Drott with a focus on residential properties in growth regions. The Board will propose to the Annual General Meeting on March 30, 2004 that all shares in Bostadsaktiebolaget Drott be distributed to the shareholders and that the current Drott AB

Drott sells 10 residential properties for gain of SEK 180 million

Drott sells 10 residential properties for gain of SEK 180 million Drott has sold another ten residential properties in the Stockholm region for a total of SEK 500 million. The price is 20 percent higher than the properties' independently appraised market values as of December 31, 2002. The sales gain of SEK 180 million will be booked in the fourth quarter. The buyers are tenant-owner associations. The properties have a total of 26,000 square meters of rentable space, 21,000 sq. m. of which is residential space Thus far this year, Drott has sold 22 properties to tenant-owner associations for

Drott sells seven Uppsala properties for SEK 500 million

Drott sells seven Uppsala properties for SEK 500 million The sale is an element in the new strategic direction for Drott's commercial real estate operations, where the focus is on properties in Stockholm. The portfolio comprises 7 properties with 49,424 square meters of rentable space (excluding 1,000 sq. m. of garage space). The occupancy rate is 93 percent. Current leases generate annual rent of SEK 51 million and an operating surplus of SEK 31 million for 2003. The sale is being executed through a special purpose company, with the closing and payment of the full proceeds scheduled for

Drott leases 4,800 sq.m. in Marievik, Stockholm

Drott leases 4,800 sq. m. in Marievik, Stockholm Michelin Nordic AB and Kerfi AB choose Marievik as the site of their new head offices. After 39 years in Örnsberg, Michelin, the world's largest tire manufacturer, is moving its Nordic headquarters to new offices in Marievik. Move-in is scheduled for the summer of 2004. Michelin will be leasing an entire floor of nearly 2,000 square meters in the so-called White House (Marievik 23), with a view of Årsta Bay. The six-year lease has a total contract value of SEK 23.5 million. "The move to Marievik is welcomed by our staff and signals a new

Drott sells all its commercial properties in Öresund region

Drott sells all its commercial properties in Öresund region for SEK 2.2 billion The sale is an element in the new strategic direction for Drott's commercial real estate operations, where the focus is on properties in Stockholm. The portfolio comprises 45 properties - six of which are leaseholds - with 201,000 square meters of rentable space (including 8,000 sq. m. of residential space). The occupancy rate is 94 percent. Current leases generate annual rent of SEK 222 million and an operating surplus of SEK 143 million. The sale is being executed through a special purpose company, with the

Drott sells residential property in Stockholm for gain of SEK 75 million

Drott sells residential property in Stockholm for gain of SEK 75 million Drott has sold the residential property Fanan 32 in Karlaplan, in Stockholm's Östermalm district, for SEK 265 million. The price is 22 percent higher than the property's independently appraised market value as of December 31, 2002. The property has 10,147 square meters of rentable space, 8,744 sq. m. of which is residential space. The buyer is the local tenant-owner association, and closing is scheduled for today's date. As a result, Drott has sold three residential properties to tenant-owner associations in the month

Interim Report January - September 2003

Interim report January - September 2003 Nine months · Rental revenues SEK 2.7 billion (2.7) · Property sales gains SEK 0.3 billion (0.2) · Write-downs, etc. SEK -1.1 billion (-) · Loss after tax SEK -0.2 billion (0.6) · Loss per share SEK -1.75 (6.53) Unchanged full-year forecast (ongoing property management operations) Strategic work progressing according to plan · Property sales of SEK 8.5 billion (through October 29, 2003) · Savings and efficiency program · New organization, Bostadsaktiebolaget Drott independent subsidiary Contacts telephone e-mail Anders Böös (President and +46 8 769 30

Drott sells 27 Gothenburg properties for SEK 1,420 million

Drott sells 27 Gothenburg properties for SEK 1,420 million The sale is an element in the new strategic direction for Drott's commercial real estate operations, where the focus is on properties in Stockholm. The portfolio comprises 27 properties - three of which are leaseholds - with 118,400 square meters of rentable space (including 3,400 sq. m. of residential space). The occupancy rate is 90 percent. Current leases generate annual rent of SEK 131 million and an operating surplus of SEK 84 million. The sale is being executed through a special purpose company, with the closing and payment of

Drott sells two residential properties for gain of SEK 27 million

Drott sells two residential properties for gain of SEK 27 million Drott has sold the residential properties Källan 1 and Propellern 10 in Stockholm's Södermalm section for a total of SEK 62 million. The price exceeds the properties' independently appraised values as of December 31, 2002 by 31 percent. The two properties have rentable space totaling 2,803 sq. m. of which 2,436 sq. m. is residential space. The buyers are tenant-owners' associations. Closings on the sales were scheduled for September 29 and October 1, 2003. Of the total capital gain of SEK 27 million before tax, SEK 9 million

Drott sells Stockholm property

Drott sells Stockholm property for gain of SEK 38 million Drott has sold the property Smedsbacken 27 in the Gärdet section of Stockholm for SEK 155 million. The property has 6,400 square meters in rentable space (of which 5,900 sq. m. is offices) and is fully leased. The largest tenant is Svenska Handelsbanken. The sale is an element in Drott's new strategic direction, which emphasizes a higher turnover in the portfolio and the sale of properties where no additional measures or other factors are expected to increase cash flow or create value. The buyer is the life insurance company SPP

Drott sells three residential properties

Drott sells three residential properties - capital gain SEK 40 million Drott has sold the residential properties Veken 3 and Odalbonden 6, in Stockholm, and Hövitsmannen 1, in Malmö, for a total of SEK 123 million. The price exceeds by 26 percent the external valuation dated December 31, 2002. The properties have a total rentable space of 8,402 square meters, of which 7,296 square meters comprise residential space. The buyers are tenant-owners´ associations. Occupancy will take place on September 1, 2003. The capital gain before tax of SEK 40 million will be included in the third-quarter

The process of change within Drott is continuing

The process of change within Drott is continuing · New organization and cost review · Daniel Skoghäll named President of Bostadsaktiebolaget Drott · Market adjustment of derivative portfolio As previously announced, the Drott Group (hereinafter "the Group") is being divided into two companies, each with a clear strategy and direction. At the Annual General Meeting in 2004, shareholders will vote on the Board of Directors' proposal to distribute Bostadsaktiebolaget Drott, an active, streamlined real estate company in approximately ten growth regions. At the same time, it is proposed that

Interim report January-June 2003

Interim report January - June 2003 * New strategic direction * High activity in Drott * Rental market unchanged * Write-downs of SEK 0.7 billion Stockholm, August 21, 2003 Drott AB (publ) Anders Böös President ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/21/20030821BIT00330/wkr0001.doc Hela rapporten http://www.waymaker.net/bitonline/2003/08/21/20030821BIT00330/wkr0002.pdf Hela rapporten

Drott reschedules interim report

Drott reschedules interim report Drott's second-quarter interim report for the period April-June 2003 will be released prior to the opening of the Stockholm Stock Exchange on Thursday, August 21 (not on August 22 as previously announced). Drott AB (publ) For further information, please contact: Anders Böös, President, +46 8 769 30 10 Drott is being divided into two publicly listed companies: · Shareholders at the Annual General Meeting in 2004 will vote on a proposal to distribute Bostadsaktiebolaget Drott, which will be a streamlined residential real estate company active in growth regions.

Drott sells two Stockholm properties for SEK 1.5 billion

Drott sells two Stockholm properties for SEK 1.5 billion The sale is an element in Drott's new strategic direction, which entails a higher turnover in the portfolio and the sale of properties where no further measures or other factors are expected to increase cash flow and create value. Properties The two properties sold are Hammaren 15 on Regeringsgatan in downtown Stockholm and Marievik 28 ("Aurora") in Marievik, south of the city. The properties are fully leased. · Hammaren 15 (leasehold) was built in 1978 and has 25,200 square meters of rentable space, including 14,100 sq. m. of office

Drott sells 31 Stockholm properties for SEK 5.0 billion

Drott sells 31 Stockholm properties for SEK 5.0 billion The sale is an element in Drott's new strategic direction, which entails a higher turnover in the portfolio and the sale of properties where no further measures or other factors are expected to increase cash flow and create value. Portfolio The portfolio comprises 31 properties - of which ten are leaseholds - with 280,000 square meters of rentable space (including 7,000 sq. m. of residential space). The largest single properties are Arenan 2, 3, 6 and 8 near Globen and Isafjord 2 in Kista. Other major properties include Duvan 6, Oxen

Drott sells three residential properties

Drott sells three residential properties for gain of SEK 25.3 million In the Södermalm section of Stockholm, Drott has sold the residential properties Ormsaltaren 1 and Vitbetan 35 for a total of SEK 52.9 million. The price is 21 percent higher than the independently appraised values of the properties as of December 31, 2002. The properties have a combined rentable space of 2,635 square meters, of which 2,146 sq. m. is residential space. In central Malmö, Drott has sold Gamen 1 for SEK 12.5 million. The price is 42 percent higher than the independently appraised value as of December 31,

New strategy for Drott

PRESS RELEASE 6/2003 - New strategy for Drott - Drott distributes residential holdings to shareholders The Board of Directors and management of Drott have been reviewing the company's strategy and direction since the Annual General Meeting on April 8, 2003. The purpose of the review has been to establish a strategy and direction that ensure long-term growth and a good return for the company's shareholders. Against this background, a decision has been made to break up Drott into two companies: - Fabege with a focus on commercial properties in the Stockholm area, and Bostadsbolaget Drott with

Drott sells two residential properties in Stockholm

Drott sells two residential properties in Stockholm for a gain of SEK 24 million Drott has sold the residential properties Karl XV:s port 5+6 in the Östermalm section of Stockholm for a total of SEK 62 million. The price exceeds by 20 percent the independently appraised value of the properties and represents a direct yield of 2.8 percent. The capital gain of SEK 24 million before tax will accrue in the second quarter of 2003. The properties have total rentable space of 3,072 square meters (excluding belowground space) - of which 2,820 sq. m. is residential space - and are in need of

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