Interim Report January - June 1999

INTERIM REPORT January - June 1999 *Income after financial items, excluding sales of properties, increased to SEK 243 M (141). *Rental revenue, which rose 14 percent, amounted to SEK 1,136 M (1,000). *The vacancy rate in Vasakronan properties has declined and amounts to * 7 (8) percent of rentable space. The estimated loss of rental revenue was lower, *amounting to 5 (6) percent. *Vasakronan is forecasting that income for 1999 after financial items, based on *the present portfolio and before income from sales of properties, will *improve, compared with 1998 income. *Following the end of the reporting period, Vasakronan concluded an *agreement to acquire InfraCity AB, who owns properties of a market value of approximately SEK 800 M. For further information, please contact: Håkan Bryngelson, President, Vasakronan +46-(0)8-783 21 05 Björn Lindström, Senior Vice President, Chief Financial Officer +46-(0)8-783 21 12 Bengt Möller, Senior Vice President, Corporate Communications, Vasakronan +46-(0)8-783 21 09 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/07/14/19990714BIT00230/bit0001.doc http://www.bit.se/bitonline/1999/07/14/19990714BIT00230/bit0002.pdf Full Report