Kungsleden´s first quarter: Operating surplus SEK 232 m , + 16 %

Kungsleden's first quarter: Operating surplus SEK 232 m , + 16 % · Profit before tax stood at SEK 133 (109) m and profit after tax at SEK 156 (81) m, equivalent to SEK 8,20 (4,30) per share. · Sales and operating surplus grew by 10 (8) and 16 (5) percent to SEK 384 (349) m and SEK 232 (200) m respectively. · In the interim period 12 properties have been divested generating revenues of SEK 503 m and profit of SEK 29 m and 7 properties have been acquired for SEK 266 m. · Kungsleden is retaining its forecast of profit before tax of SEK 500 m. "I am very pleased to see that the operating surplus shows a positive development. The increases in costs shown last year have not been repeated. This in combination with the transactions made during the period has increased our possibility to reach our forecast for 2004 of a profit before tax of SEK 500 m", says Kungsleden´s Chief Executive Jens Engwall. For more information, please contact: Jens Engwall, Kungsleden's Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550 Johan Risberg, Kungsleden's CFO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565 Detta pressmeddelande och kvartalsrapporten finns tillgängliga på svenska på www.kungsleden.se Kungsleden's strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 418 properties with a book value of approximately SEK 12.2 bn. The holding is located in a total of 109 municipalities, although concentrated on the Swedish provinces of Götaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since 14 April 1999. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/22/20040422BIT00650/wkr0001.pdf The full report