Subscription to Wallenstam€s redemption program 99,3 %

Subscription to Wallenstam's redemption program 99,3 % Subscription to Wallenstam's redemption program was 99,3 %, with 939 669 Series B shares offered for redemption. The total amount for redemption is thus SEK 89,3 million. When the share redemption program has been completed, the number of shares in Wallenstam will amount to 17 990 563 shares in the form of 1 150 000 Series A shares and 16 840 563 Series B shares. Schedule for redemption An Extraordinary General Meeting of Wallenstam's shareholders will be held on 24 January, 2000. It is anticipated that the so-called redemption shares will be traded on the Stockholm Stock Exchange from the beginning of February, 2000. Payment to the shareholders is expected to be made in May, 2000, after the district court has granted the necessary permit for the reduction. See the information brochure mailed earlier for further information. Lennart Wallenstam Byggnads AB Gothenburg, 3 January, 2000 For further information, please contact Thomas Dahl, Director of Marketing and Information, phone +46 (0)31 200 000 or +46 705 171 142. Wallenstam was founded in 1944 in Gothenburg 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. Residential properties represent about 65% of the total floor space. The maintaining part is commercial property, primarly located in Gothenburg. The company's series B-shares have been publicly listed at the Stockholm Stock Exchange since 1984. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/03/20000103BIT00280/bit0001.doc http://www.bit.se/bitonline/2000/01/03/20000103BIT00280/bit0002.pdf