Further concentration of Mandamus property stock

Further concentration of Mandamus' property stock During May and June, Mandamus disposed of eight properties: four commercial buildings - two in Örebro, one in Fagersta and one in Botkyrka - and four small residential blocks in Kungsbacka. The aggregate sale proceeds from the deals implemented amounted to some SEK 35m, of which total profit was around SEK 12m. The properties sold 2 comprise a combined rentable area of just under 8,700 m , including 2 commercial premises of just over 7,200 m . Since year-end 1999 Mandamus has left seven municipalities. The company now owns properties in 45 municipalities. During the first half of 2000, a total of 49 properties were sold for approximately SEK 220m. These disposals yielded a profit of some SEK 27m. In the first six months of this year, Mandamus also implemented supplementary acquisitions of housing properties in Greater Gothenburg and Greater Stockholm. The property acquired in the first-mentioned metropolitan area, with the completion date of 1 April, is a residential block of 62 flats in Partille. In Åkersberga, Greater Stockholm, four residential blocks comprising 590 flats were acquired; here, the completion date was 1 July. 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, or to Deputy Managing Director Bengt Evaldsson, phone +46-8-566 130 00 or e-mail bengt.evaldsson@mandamus.se. Mandamus is a property company that aims to own, develop and manage properties with a good yield and low risk. The target property stock is located in growth areas in Southern and Central Sweden, with residential properties making up at least 80%. Mandamus owns properties with a book value of around SEK 5,500, yielding an annual rental income of some SEK 830m. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/07/05/20000705BIT00360/bit0001.doc http://www.bit.se/bitonline/2000/07/05/20000705BIT00360/bit0002.pdf