INTERIM REPORT JANUARY-SEPTEMBER 2015

  · D. Carnegie & Co AB (publ) experienced strong growth during the third
quarter. Rental income increased during the quarter to SEK 309 million, which is
an increase of almost 29 per cent as compared with the corresponding period
during the preceding year. Net operating income also showed good growth and
amounted to SEK 164 million for the quarter, which was a 34 per cent increase as
compared with the third quarter of 2014.
  · Profit after tax increased to SEK 192 million (9) for the most recent three
-month period, which amounts to a profit per share before dilution of SEK 2.71
(0.13) for the quarter. The adjusted shareholders' equity per share also
continued its strong growth during the quarter and amounted to SEK 60.53/share,
which is a 25 per cent increase as compared with the third quarter of 2014.
  · In respect of renovations, the forecast is that approximately 500 apartments
will be renovated in 2015. We believe that we will achieve a rolling pace of
1,000 apartments per year in the fourth quarter.
THIRD QUARTER  2015

  · Rental income of SEK 309 million (240)
  · Net operating income of SEK 164 million (122)
  · Income from property management of SEK 91 million (35)
  · Changes in the value of investment properties and derivatives of SEK 180
million (0)
  · Changes in the value of derivatives of SEK -51 million (-17)
  · Profit after tax of SEK 192 million (91)
  · Earnings per share of SEK 2.71 (0.13) before dilution

INTERIM REPORT JANUARY-SEPTEMBER 2015

  · Rental income of SEK 901 million (327)
  · Net operating income of SEK 421 million (159)
  · Income from property management of SEK 138 million (52)
  · Changes in the value of investment properties of SEK 440 million (78)
  · Changes in the value of derivatives of SEK -50 million (-17)
  · Profit after tax of SEK 405 million (91)
  · Earnings per share of SEK 5.72 (1.28) before dilution

Significant events during the third quarter

  · Properties with 1 009 properties in Jordbro och Vårberg taken in possession
July, 1
  · Properties with leasable space of 30,000 sq. m., rental value SEK million
28.5 acquired in Norrköping.
  · Properties with leasable space of 8,550 sq. m., rental value SEK million 9.2
acquired in Norrköping.

Significant events after the third quarter

  · Entered into an agreement regarding the sale of Hammarkullen in Gothenburg
containing 890 apartments and the agreed underlying property value is SEK 493
million.
  ·  At the time of the publication of this report, a further 9 apartments have
been renovated, in addition to the 232 apartments for which renovations had been
completed at the close of the period. In addition, renovations have commenced in
respect of 280 apartments and are expected to be completed during 2015.

Statement from the CEO Ulf Nilsson

The third quarter of the year has been characterised by a consolidation of the
business and we are now beginning to harvest the fruits of the very high level
of activity over the preceding 18 months. This quarter demonstrates that
efficient management and renovation of our properties yields a good financial
return. The adjusted shareholders' equity on September 30 amounted to SEK 60.5
per share , an increase of 25 % compared with 12 months earlier. During the
quarter, we also completed the acquisition of approximately 1,300 additional
apartments in Stockholm and Norrköping. We also entered into agreements to sell
our properties in Gothenburg since they are not within our geographic area of
operations. We have also reorganised our structure for renovating apartments,
which means that we will be achieving our internal targets during the year.

During the period, we entered into contracts with additional suppliers of
materials and construction firms and expanded the central management of the
business. During and after the quarter, we commenced approximately 300
renovations, making us confident that we will achieve our forecast of renovating
approximately 500 apartments in 2015. We also believe that we will achieve a
rolling annual pace of 1,000 apartments per year during the fourth quarter.

Taken as a whole, improvements have led to a strong improvement in reported
profit. The profit for the quarter before tax is a full SEK 202 million, which
can be compared with SEK 19 million for the third quarter of 2014. The profit
per share after tax amounted to SEK 2.71, as compared with SEK 0.13 for the
third quarter of 2014. This yields a profit after tax for the first nine months
of the year of SEK 405 million which corresponds to SEK 5.72 per share.

Stockholm, November 9, 2015

ULF NILSSON
CEO of D. Carnegie & Co
For more information, please contact:

Ulf Nilsson, CEO, D. Carnegie & Co, tel. +46 (0)8 – 121 317 25
Per-Axel Sundström, CFO D. Carnegie & Co, +46 (0)8 121 317 25