Kungsleden makes SEK 75 m property divestment

Kungsleden makes SEK 75 m property divestment

Press Release 20 January 2010

Listed Swedish property company Kungsleden AB (publ) is selling three commercial
properties for a total purchase price of SEK 75m including transaction costs.
The total sales price exceeds book value by approximately SEK 3m and acquisition
cost by about SEK 14 m. This latter amount will be posted to Kungsleden's profit
for calculating dividends for 2010.

Gross leasable area is about 12,000 sq.m. These properties, largely consisting
of office and industrial premises, are located in Solna, north of Stockholm,
Huddinge, south of Stockholm and Karlskoga, in central Sweden. 

The buyer of the Huddinge property is W-Invest Fastigheter AB and completion was
on 16 December 2009. Completion on the Solna and Karlskoga properties is on 1
February 2010, with the buyers being Gelba Fastigheter AB and KPT Teknik AB
respectively.

“We're continuing to see a cautious improvement on the property and credit
markets. Our focus is on creating high and stable returns in our property
holding for the long term. In the prevailing market conditions, we're trying to
find good deal opportunities like these, which enhance our portfolio
composition,” commented Kungsleden's Chief Executive, Thomas Erséus.

Kungsleden AB (publ) 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 20 January 2010 at 9:00 a.m.

For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone +46 8 503 052 04 | mobile +46 70 378 20 24
Johan Risberg, Deputy CEO Kungsleden | phone +46 8 503 052 06 | mobile +46 70
690 65 65

This press release is available in Swedish at 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 30 September 2009, the property portfolio comprised 580 properties with a
book value of SEK 21.1 bn. The holding was located in a total of 130
municipalities, although concentrated on the Swedish provinces of Götaland and
Svealand, and the Öresund region. Kungsleden has been listed on Nasdaq OMX
Stockholm since 1999.