Press Release 16 August 2005

Kungsleden sells

Swedish listed property corporation Kungsleden AB (publ) sells a retail park in Skellefteå, which currently is under construction, for a total of SEK 133 m resulting in a capital gain of SEK 29 m.

Upon completion, lettable floor-space of the retail park will be approximately 16 700 sq.m. with tenants including major Nordic retailers such as ICA Maxi, Willys, Apoteket (the Swedish National Pharmacy Corporation) and Systembolaget, the state wine and spirit retail corporation. At the date of disposal total investment cost amounts to SEK 104 m.

For further information, please contact:
Jens Engwall, Kungsleden’s Chief Executive, phone: +46 (0)8 503 05204, mobile +46 (0)70 690 6550
Johan Risberg, Kungsleden’s CFO, phone: +46 (0)8 503 05206, mobile +46 (0)70 690 6565
Lars Thagesson, Kungsleden’s CFO, phone: +46 (0)8 503 05230, mobile +46 (0)70 592 9470

About Us

Kungsleden is a long-term property-owner, and our vision is to create attractive and sustainable places that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden (KLED) is listed on NASDAQ Nordic Large Cap.