Drott: Interim Report I


STOCKHOLM, Sweden, May 06, 2003 (PRIMEZONE) --Drott (Other OTC:DOTBF):


                                           Jan-Mar   Jan-Dec
                                          3 months  12 months
 GROUP, SEK M                             2003  2002  2002
 Ongoing property management operations
  ("operations")                           163   160   698
 Gain on property sales                     13   120   257
 Nonrecurring items                          -     -  -338
 Profit before tax                         176   280   617
 Current tax                                -1   -27   -49
 Deferred tax                              -26   -12   -24
 Profit after tax                          149   241   544

 OPERATIONS, SEK
 Earnings per share                       1.54  1.46  6.43
 Cash flow per share                      2.76  2.60 11.17

- Continued weak office rental market- Residential market stable- Unchanged full-year forecast

Drott owns commercial and residential properties in regions and metropolitan areas with faster long-term growth than the rest of the country. Three-quarters of rental revenues are from the Stockholm region, and the rest from the Oresund and Gothenburg regions. Property values, Dec. 31, 2002: SEK 40.2 billion. Drott is the largest real estate company listed on the Stockholm Stock Exchange. 50,000 shareholders. Market capitalization: SEK 7.7 billion.

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