Kungsleden realises property values in SEK 28 m land sale

Listed Swedish property company Kungsleden AB (publ) is selling a building plot
in Västerås, west of Stockholm, for a purchase price of approximately SEK 28 m
after development costs. The sales price is comparable to book value and exceeds
acquisition costs by about SEK 10 m. This latter amount will be included in
Kungsleden’s profit for calculating dividends for 2012.
This property is part of the Västerås portfolio, which Kungsleden purchased in
2001 and includes lots of about 12,000 sq.m., where a zoning plan process for
housing has been ongoing for a few years. The new plan has come into legal
effect and involves the development of over 30,000 sq.m. of housing, half of
which are Kungsleden properties. Construction and civil engineering corporation
Peab is buying the building plot from Kungsleden and completion has immediate
effect.

“Through long-term efforts we’ve secured development rights, and thus been able
to increase the value of this property. One of our core competences is
restructuring property portfolios, realising their value and passing them on to
someone else for further development,” commented Kungsleden’s Chief Executive
Thomas Erséus.
For more information, please contact:

Thomas Erséus, Chief Executive of Kungsleden | tel +46 (0)8 503 05204 | mobile
+46 (0)70 378 2024
Anders Kvist, Deputy Chief Executive of Kungsleden | tel +46 (0)8 503 05211 |
mobile +46 (0)70-690 65 63

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

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 22 October 2012 at 1:00 p.m.
Kungsleden’s strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and divestments.
As of 30 June 2012, the property portfolio comprised 322 properties with a book
value of SEK 15.8 bn. The portfolio was located in a total of 101
municipalities, mainly in southern and central Sweden. Kungsleden has been
quoted on the Nasdaq OMX Stockholm since 1999.