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 will be reported in the fourth quarter. Thus far this year, Drott has sold ten properties to tenant-owners' associations for a total of SEK 312 million (25 percent above their December 31, 2002 appraised values). Drott AB (publ) For further information, please contact: Anders Böös, President, +46 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/2003/10/01/20031001BIT00700/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/01/20031001BIT00700/wkr0002.pdf