Kungsleden divesting properties for SEK 600 m

Kungsleden divesting properties for SEK 600 m

Listed Swedish property company Kungsleden AB (publ) is selling five properties
to Northern Logistic Property ASA (listed on the Oslo stock exchange). The sale
is of five warehouse and logistics properties, with the largest tenants being
discount retailing group Runsven AB and women's wear retailer Lindex AB. The
properties are mainly located in central and southern Sweden. 

Total lettable floor-space amounts to approximately 109,000 sq.m. Total rental
value is nearly SEK 47 m.

The sales price of the properties is SEK 600 m, which exceeds book value by SEK 
 7 m and acquisition value by SEK 51 m. This latter amount will be posted to
Kungsleden's profit for calculating dividends for 2008.

Possession will change hands in the beginning of September 2008.

Kungsleden's Chief Executive Thomas Erséus commented: “I'm satisfied with this
deal and Northern Logistic Property is an obvious buyer for these properties.
Over 50% of the rest of Kungsleden's property portfolio are public properties
like retirement homes, schools and care properties. Our commercial property
portfolio has long-term contracts and stable counterparties, and only 10% of it
consists of offices at present. This provides us with good cash flow and
stability.”

Kungsleden discloses the information in this press release according to the
Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The
information was provided for public release on 18 July 2008 at 09:00 a.m. 

For more information, please contact: 
Thomas Erséus, Chief Executive, tel +46 (0)8 503 05204, mobile +46 (0)70 378
2024 
Johan Risberg, Deputy Chief Executive, tel +46 (0)8 503 05206, mobile +46 (0)70
690 6565 

Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se 

Kungsleden's strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and divestments.
As of 31 March 2008, the property portfolio comprised 590 properties with a book
value of SEK 27.2 bn. The holding was located in a total of 135 municipalities,
although concentrated on the Swedish provinces of Götaland and Svealand, and the
Öresund region. Kungsleden has been quoted on the OMX Nordic Exchange Stockholm
since 1999.