Year-end Report 2009

Continued robust sales of residential units

- Revenues fell 28 percent to SEK 8,778m (12,229) and the number of residential units sold increased to 3,291 (1,871) - Profit before tax dropped to SEK 547m (1,052) and the profit after tax for the year fell to SEK 379m (818). Write-downs of SEK 87m (320) for development properties were charged against operating profit during the second quarter. Operating margin decreased to 7.6 percent (8.9) - Property sales of SEK 665m (748) resulted in gains of SEK 89m (73) - Return on equity for the past twelve months was 11.0 percent (22.9). Earnings per share during the year amounted to SEK 4.60 (9.50) - Consolidated cash flow including net investment in properties totaled SEK 1,124m (101) after a strong cash flow during the fourth quarter - The Board of Directors proposes SEK 2.50 (0) in dividend for 2009.

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