Fabege sells fully developed property in Stockholm City

Fabege has sold its Polacken 25 property on Kungsgatan in Stockholm City to Byggnadsfirma Olov Lindgren AB, which will take possession on January 15. The property comprises a total lettable area of around 2,500 m2, primarily office space. The sale will result in a profit after tax of SEK 4 million, which will be recognised in the fourth quarter of 2008.

“Falling interest rates is contributing to increasingly attractive returns on properties. It is gratifying to once again see activities on the transaction market,” commented Christian Hermelin, CEO of Fabege.

Fabege AB (publ)

For further information, please contact:

Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25

Åsa Bergström, CFO, phone +46 (0)8-555 148 29, +46 (0)70-666 13 80

Mats Berg, Director of Communications and Investor Relations, phone +46 (0)8-555 148 20, +46 (0)733-87 18 20

This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 09:45 on December 8, 2008.

Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The book value of the company’s property portfolio is approximately SEK 30.2 billion. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.4 billion and a lettable area of 1.5 million square metres. Fabege’s shares are listed on the Stockholm Stock Exchange, Large Cap segment.