STOCKHOLM, Sweden, June 17, 2004 (PRIMEZONE) -- Fastighets AB Tornet (publ):
Fastighets AB Tornet is one of Sweden's major listed property companies. Its Swedish holding has a lettable area of around 2.8 million square metres and a book value of over SEK 19 billion. Almost 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities and in Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
PRESS RELEASE
Supplement to the notice of the Annual General Meeting of Shareholders in Fastighets AB Tornet, 28 June 2004. Notice of the Annual General Meeting of Shareholders published on 28 May 2004 in Svenska Dagbladet and the Swedish Official Gazette.
With regard to the number of board members, fees to the board and auditors, and election of board members, which matters are taken up under items 12, 13 and 14 of the agenda in the notice of the meeting, the Nominations Committee intends to propose the following:
- Seven ordinary board members. - A board fee of SEK 1,600,000 to be distributed by the board. - Auditors' fee to be paid in accordance with the usual norms for charging. - Re-election of ordinary board members Per Frankling, Bo Jungner, Mats Lonnqvist, Mark H. Newman and Edward Williams and new election of Kerstin Lindberg-Goransson and Risto Silander.
Kerstin Lindberg-Goransson, born in 1956, is a graduate in business administration from Umea University. Kerstin Lindberg- Goransson is working as airport director of Stockholm-Arlanda Airport. She is also a member of the board of Stromma Turism & Sjofart AB.
Risto Silander, born in 1957, is a graduate in business administration from Stockholm School of Economics and is currently running his own investment business. Previous employments include CEO of Alfred Berg. Other board appointments include the listed Telelogic and Netonnet as well as Trygg-Stiftelsen and Swedish Export Credit (SEK).
Danderyd, 17 June 2004
Fastighets AB Tornet (publ)
For further information, please contact: Christel Armstrong Darvik, Managing Director, Fastighets AB Tornet, +46- 8-544 905 02, mobile 070-542 3484
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http://www.waymaker.net/bitonline/2004/06/17/20040617BIT00440/wkr0001.pdf