Kungsleden selling properties for SEK 36 m

Kungsleden selling properties for SEK 36 m

Press Release 23 February 2010

Listed Swedish property company Kungsleden AB (publ) is divesting four
commercial properties for a total purchase price of approximately SEK 36 m. The
property yield is nearly 7%. The total sales price is about SEK 2 m below book
value and around SEK 6 m above acquisition cost. This latter amount will be
posted to Kungsleden's profit for calculating dividends for 2010.

Gross leasable area is some 4,000 sq.m. Three of the properties are located in
Värnamo and one is in Kristianstad, both towns in southern Sweden. The
properties mainly consist of retail, industrial and warehouse premises.

The buyer of the Kristianstad property is Astral Holding AB and the buyer of the
Värnamo properties is DaCapo AB. Completion on all properties is scheduled for 1
March 2010.

“We're continuing to work actively on portfolio composition,” commented
Kungsleden's Chief Executive Thomas Erséus, “and this is a good opportunity to
sell a few properties to local landlords.”

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 23 February 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 31 December 2009, the property portfolio comprised 585 properties with a
book value of SEK 21.9 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.