Hufvudstaden proposes extra dividend after increased profit
• Profit for the year after tax amounted to SEK 664.1 million (370.1). The increase can be attributed mainly to profit on the sale of properties during the second quarter totalling SEK 316 million after tax. The realisation of derivatives for the Group's borrowing has been charged to net financial income and expense to the amount of SEK 57 million. • The board proposes an increase of the ordinary dividend to SEK 1.30 per share (1.20) as well as an extra dividend of SEK 2.70 per share (0). The proposed total dividend amounts to SEK 4.00 per share (1,20). • The market value of the property holdings was set at SEK 15.0 billion at the year-end (14.7 for comparable holdings), equivalent to a net asset value per share of SEK 50. • Excluding special projects, gross profit from property management increased by 2.3 per cent to SEK 745.0 million (728.6) for comparable holdings. • Net sales for the Group for the year amounted to SEK 1,358.4 million (1,368.8) • The rental vacancy level at the year-end was 8.2 per cent (8.3 for comparable holdings) • Profit per share was SEK 3.22 (1.78). Stockholm, February 11, 2005 HUFVUDSTADEN AB (publ) Ivo Stopner President Enclosure: Year-end Report 2004 Questions will answered by Ivo Stopner, CEO, or Magnus Jacobson, CFO, telephone +46 8-762 90 00.