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 accounts. To date this year, Drott has sold eight properties to tenant-owners´ associations for a total of SEK 250 million (24 percent higher than the external valuation dated December 31, 2002). Drott AB (publ) For further information, please contact President Anders Böös at +46 (0)8-769 30 10 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/09/01/20030901BIT00570/wkr0001.doc http://www.waymaker.net/bitonline/2003/09/01/20030901BIT00570/wkr0002.pdf