Clearance Capital Issues an Open Letter to Kungsleden AB shareholders highlighting an alternative to the Proposed Rights Issue announced on 2 Feb 2017

Dear Fellow Kungsleden AB Shareholders; As the representative of shareholders owning 1.6% of Kungsleden AB (“Kungsleden” or “the Company”), we have privately urged Kungsleden management and the Board of Directors to reconsider their decision to proceed with the Proposed Rights Issue and rather continue with the work that has already transformed the company as an investment proposition. We have conveyed our assessment that the Proposed Rights Issue is value destructive and not in the best interest of the shareholders. We believe it is necessary to open the dialogue to all shareholders.