Interim report January-March 2004

Interim report January-March 2004 May 10, 2004 FIRST QUARTER 2004 3 months, SEK M 2004 2003 REVENUES Rental revenues 640 928 Other operations 17 11 Total revenues 657 939 RESULTS Ongoing property management operations 121 163 Property sales 202 13 Profit before tax 323 176 Current tax - -1 Deferred tax -55 -26 Profit after tax 268 149 Earnings per share, SEK 3.02 1.67 OPERATIONS Cash flow per share, SEK 2.03 2.76 Bostads AB Drott was included in the Group for the entire reporting period · FABEGE AB (FORMERLY DROTT AB) HAS DISTRIBUTED ALL THE SHARES IN THE SUBSIDIARY BOSTADS AB DROTT TO ITS SHAREHOLDERS AS OF APRIL 2, 2004 · REDEMPTION OFFER UNDER WAY: SHAREHOLDERS CAN REDEEM 22.2 MILLION SHARES AT SEK 150 PER SHARE · NEW LEASE SIGNINGS HIGHLIGHT A GOOD START TO THE YEAR Contacts Lennart Sten President +46 8 769 30 10 lennart.sten@fabege.se Roger Johansson CFO +46 8 769 31 00 roger.johansson@fabege.se Helena Stångberg-Carlsson Corp.Comm. +46 8 769 30 21 helena.stangberg@fabege.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/11/20040511BIT00810/wkr0001.pdf The full report

About Us

We are a property company focusing on city district development and commercial properties. We develop attractive and sustainable districts with modern offices, housing and a broad range of services - together with strategic partners. Both our perspective and approach to ownership are long term and our passion is creating the right conditions for all those living, working and visiting our areas. We have a presence in a limited number of high-growth submarkets in the Stockholm region. Fabege’s shares are listed on Nasdaq Stockholm, in the Large Cap segment.

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