Year-end report January – December 2015

  · Rental income declined to SEK 1,998m (2,087) due to a smaller
property portfolio than in 2014. In an identical portfolio, income rose slightly
more than 3 per cent.
  · Net operating income declined to SEK 1,429m (1,485). In an
identical portfolio, net operating income rose slightly more than 3 per cent.
The surplus ratio was 72 per cent (71).
  · Profit from property management increased to SEK 688m (682).
  · Realised and unrealised changes in value amounted to SEK 3,273m (1,639) for
properties and to SEK 262m (-473) for fixed-income derivatives.
  · Profit before tax for the year amounted to SEK 4,233m (1,867). Profit  after
tax for the year was SEK 3,232m (1,738), corresponding to earnings per share of
SEK 19.54 (10.51).
  · Net lettings amounted to SEK 74m (243), following major lettings to tenants
such as Telenor Sverige, ICA, KPMG and SBAB, and a number of management
lettings. The rent levels from renegotiated leases increased an  average of 12
per cent.
  · The equity/assets ratio was 39 per cent (38) and the loan-to-value ratio 52
per cent (60).
  · The Board proposes a dividend of SEK 3.50 per share (3.25).

Fabege delivers record results

“Fabege had the capacity and driving force to capitalise on the favourable
conditions in the market. Successively during the year, we renegotiated rents at
increasingly higher levels, we signed leases with new customers and we continued
work to make our property management and our value creation projects more
efficient. As a result of all of this, we paved the way for the strong value
growth that is now visible in our earnings,” says Christian Hermelin, CEO
Fabege.

Fabege AB (publ)
For further information, please contact:
Christian Hermelin, President and CEO of Fabege, phone 46 (0)8-555 148 25, 46
(0)733-87 18 25
Åsa Bergström, Vice President and CFO, phone 46 (0)8-555 148 29, 46 (0)706-66 13
80

This constitutes information that Fabege AB (publ)is legally obliged to publish
under the Securities Market Act and/or the Financial Instruments Trading Act.
The information was released for publication at the above date and time.
Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly
on letting and managing office premises and property development. Fabege owns
properties with a carrying amount of SEK 40,3bn. The property portfolio is
concentrated in the Stockholm region and has an annualised rental value of SEK
2.3bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq
Stockholm, Large Cap segment.