Mandamus sells in Falkenberg

MANDAMUS SELLS IN FALKENBERG Mandamus is selling six of its seven properties in Falkenberg, on the south-west coast of Sweden. The purchaser is FABO (Falkenbergs Bostadsaktiebolag), a limited company in the housing-property sector, and completion is due on 15 February 2001. The Falkenberg properties being sold are four residential blocks containing 71 flats and two commercial buildings. Altogether, the properties contain 9,914 square metres of rentable space, including business premises of 4,577 sq.m. The aggregate purchase price is SEK 55 million, yielding a capital gain of SEK 17m. Comments from Mandamus' MD Anders Johansson The sales conforms to our strategy of concentrating the property stock, with a focus on growth areas in Sweden. Of Mandamus' property stock, just under 66% in terms of book value is now located in company's growth areas: Greater Stockholm, Greater Gothenburg, Malmö/Lund and Halmstad. Queries Please address any queries to Mandamus' Managing Director Anders Johansson on phone +46-8-566 130 00 or e-mail anders.johansson@mandamus.se; Deputy Managing Director Bengt Evaldsson, phone +46-8-566 130 00 or e-mail bengt.evaldsson@mandamus.se; or Regional Manager Thomas Bengtsson, phone +46-372-124 00 or e-mail thomas.bengtsson@mandamus.se. Mandamus is a property company that aims to own, develop and manage residential properties with a high yield, mainly in growth areas in Southern and Central Sweden. Mandamus owns properties with a book value of around SEK 5,500m, yielding an annual rental income of some SEK 830m. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/01/31/20010131BIT00180/bit0001.doc http://www.bit.se/bitonline/2001/01/31/20010131BIT00180/bit0002.pdf