Report on first three months of 1999

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REPORT ON FIRST THREE MONTHS OF 1999 @ Profit after tax for the period: SEK 214 M (Q1, 1998: 56) @ Properties acquired for SEK 1.7 billion and sold for SEK 0.3 billion - capital gain of SEK 76 M after taxes. @ Based on an identical portfolio, rental revenues and the operating surplus rose by 2.8% and 3.6%, respectively, during the first quarter of 1999 compared with the year-earlier period. @ Full-year profit for 1999 is expected to exceed SEK 650 M after taxes. @ Contents I Significant events II Comments on the interim report III Income statements, balance sheets, statement of changes in financial position and key data IV The Drott share Drott is a pure real estate company which focuses on the Swedish market. The Company's mission is to generate a return on shareholders' equity through management of its own real estate, and active use of the balance sheet (real estate transactions, dividends, redemption and the like). With the support of satisfied tenants, profitable properties and a strong position in local growth markets -mainly for offices and housing - Drott aims to secure a favorable operating surplus in real terms combined with growth in cash flow per share. At the end of March 1999, Drott owned 559 properties with approximately 3.1 million square meters of rentable floor space, of which housing (about 19,600 apartments) accounted for about 1.3 million square meters. On March 31, 1999, the rental revenues from these properties, including vacant space, was approximately SEK 2.8 billion, with the Stockholm area accounting for approximately 48%. Drott has about 300 employees. Drott has 58,000 shareholders and is the largest real estate company on the Stockholm Stock Exchange. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/04/30/19990430BIT00040/bit0001.pdf Full Report http://www.bit.se/bitonline/1999/04/30/19990430BIT00040/bit0002.doc Full Report

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