Kungsleden obtains long-term financing and lower average cost of funds

Kungsleden has within the same credit agreement achieved long-term financing of
the Kista acquisitions and conducted an early refinancing with an original
maturity date in March 2016. The new credit facility has duration of five years
and matures in April 2020.
Kungsleden has procured financing of the newly acquired properties in Kista.
Within the same credit facility a credit with an original maturity date in March
2016 has been refinanced with a lower interest margin. In total, Kungsleden has
with the new credit agreement obtained financing of SEK 3.8 billion which
corresponds to a average loan to value ratio of 60 per cent. Since the newly
acquired properties in Kista initially was financed with own funds and due to a
normalised loan to value ratio in the existing portfolio, the utilisation of the
new credit will extend the purchase capacity by SEK 3.5 billion. The average
duration of the loan portfolio will increase due to the new credit facility with
0.9 years and assumes as of 31 May amount to 3.3 years.

”With this new credit facility Kungsleden achieves long-term financing of the
Kista acquisitions and at the same time obtains an early refinancing of its
existing credit facility. Consistent with our long-term plan, we increase the
duration of our borrowing, reduce the financial risk and cut the average cost of
borrowing significantly. Our average borrowing cost drops from 5.1 to about 4.4
per cent and the Group’s loan to value ratio is expected to amount to 57 per
cent as of May when the new credit agreement will be utilised.” says Anders
Kvist,CFO at Kungsleden.

The lenders in the credit facility are Nordea AB (publ) and Skandinaviska
Enskilda Banken AB (publ) with Skandinaviska Enskilda Banken AB (publ) acting as
Facility and Security Agent.
For more information, please contact:

Anders Kvist, Deputy CEO and CFO Kungsleden | phone 46 8 503 052 11|
anders.kvist@kungsleden.se

Fredrik Sandell, Head of Funding | +46 8 503 052 95 |
fredrik.sandell@kungsleden.se

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 28 April 2015 at 09:00 a.m.

Kungsleden’s business concept is to own, manage and improve commercial
properties in growth regions in Sweden and to deliver attractive total returns.
Kungsleden’s strategies to create value are based on meeting the premises
requirements of customers by managing, improving and developing properties and
planning consents and by optimising the company’s property portfolio. Kungsleden
has been quoted on NASDAQ Stockholm since 1999.