Preliminary report for 2000

PRELIMINARY REPORT FOR 2000 · Wallenstam exceeds profit objective for 2000 and reports a profit from property management, before depreciation, of SEK 103.6 (90.3) million · Net asset value increases 26% to SEK 159 (126) per share · A special valuation of the property portfolio indicates an additional surplus value of SEK 1,277 million in the properties · Board proposes dividend of SEK 1.60 (1.25) per share, a 28% increase Hans Wallenstam, Managing Director, comments as follows: "Five years ago, Wallenstam set up objectives for its business operations to be met in 2000. I am very gratified to see that we have kept our promises and, in fact, exceeded our objectives. In particular, I would like to call attention to our profit of SEK 103 million from property management before depreciation, which has increased SEK 124 million since 1995. We are now entering a new phase and are setting our sights on 2005. Our objectives in particular are to further increase the Company's net asset value and double our profit from property management. During the year, Wallenstam both redeemed and repurchased shares and raised its share dividend. Wallenstam intends to continue with this type of shareholder-friendly activity." Wallenstam was established in 1944 and is one of Sweden's major dedicated property companies with more than 300 properties in the three major urban areas Gothenburg, Stockholm and Helsingborg. The focus of the Group's portfolio is residential and commercial properties. The Group's rental income is about SEK 800 million and the value of its property portfolio is about SEK 9.0 billion. Wallenstam's Series B shares have been listed on the Stockholm Stock Exchange since 1984. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/01/20010301BIT00310/bit0001.doc http://www.bit.se/bitonline/2001/03/01/20010301BIT00310/bit0001.pdf