Drott acquires additional residential properties in Gothenburg

Drott acquires additional residential properties in Gothenburg Drott has acquired the real estate company Slätta Damm AB, with 13 apartment buildings totaling 28,000 square meters on the Hisingen island in Gothenburg. The properties, comprising 443 apartments, are located in Lundby, an area of the city with good transportation alternatives and local services. The price of SEK 205 million corresponds to an estimated direct yield of 7.4 percent. Closing is scheduled for July 1, 2002. The transaction is an element in the effort to concentrate Drott's portfolio on attractive areas and properties. In Gothenburg, Drott earlier in the year acquired 900 apartments in Smyckeparken, Frölunda. After this latest transaction, Drott owns a total of 4,700 apartments in Gothenburg. Drott AB (publ) For further information, please contact: Mats Mared, President, Drott AB, telephone + 46 8 545 83 010 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/17/20020517BIT00100/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/17/20020517BIT00100/wkr0002.pdf