Kungsleden - an update on tax rulings

Press Release 7 June 2010

The Administrative Court in Stockholm has issued rulings on nine cases where Kungsleden, as communicated back in 2009, appealed against the Swedish Tax Agency’s findings based on what is known as the Cyprus ruling.

The total tax claims ensuing from these rulings amounts to about SEK 140 m, and are covered by the SEK 200 m Kungsleden previously reported in its Interim Report for January-March 2010. Kungsleden will be appealing against the Administrative Court’s rulings in the Administrative Court of Appeal. Kungsleden regards these rulings as erroneous, and the company’s definitive view remains that the company has complied with the laws and practice in place coincident with each tax return, a view shared by external experts on tax issues.

Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 7 June 2010 at 11:00 a.m.

For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone 46 8 503 052 04 | mobile 46 70 378 20 24
Johan Risberg, Deputy CEO Kungsleden | phone 46 8 503 052 06 | mobile 46 70 690 65 65

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