Report from the presentation of the managing director given at the extraordinary general meeting
Report from the presentation of the managing director given at the extraordinary general meeting CEO Erik Paulsson at today's extraordinary general meeting made a statement that included the following: "It is our opinion that Wihlborgs' offer to Fabege's shareholders contains attractive alternatives, not least the share alternative. This alternative gives an increased net asset value per share, the possibility of sharing in future synergy gains profits, and at the same time does not involve the levy of tax onto the share exchange." "We are convinced that our successful business model will create significant value when it is applied in a merged company. Wihlborgs has since 1998 converted and sold 700 properties for just over SEK 20 billion, with a total profit of SEK 2.3 billion." "We would like to make it clear for Fabege's shareholders that no other parties have contacted Wihlborgs concerning a possible offer." "It is important that Fabege's board states its opinion about Wihlborgs' offer, well before the end of the registration period on 15 September." Wihlborgs Fastigheter AB (publ) For further information: Erik Paulsson, President and CEO, Tel.: +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, deputy CEO and CFO, Tel.: +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, communications manager, Tel.: +46 (0)8-555 148 20, +46 (0)733-87 18 20 Wihlborgs Fastigheter AB (publ) is one of Sweden's biggest listed real-estate companies, with real estate to a book value of SEK 19.4 billion. The real estate, which is concentrated on the Stockholm and Öresund regions, has a rental value on a twelve-month basis totalling SEK 2.0 billion, and a rentable area of 1.8 million square metres. The company has offices in Stockholm, Malmö, Copenhagen and Helsingborg. Wihlborgs' shares are listed on Attract40 on the Stockholm Stock Exchange's O-list. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/30/20040830BIT20380/wkr0001.pdf