Increased profit for Hufvudstaden for 2003

STOCKHOLM, Sweden, Feb. 12, 2004 (PRIMEZONE) --Hufvudstaden:

- Profit after tax for the year amounted to SEK 370.1 million (337.2)and profit per share was SEK 1.78 (1.60)

- Increase dividend of SEK 1.20 (1.10) is proposed

- The market value of the property portfolio was set at SEK 15.1 billion at year-end, which is equivalent to a NAV of SEK 43 per share after tax

- Excluding costs for special projects, gross profit from property management increased by 4.0 per cent to SEK 753.6 million (724.3)

- Net sales during the period for the Group amounted to SEK 1,360.5 million (1,347.9)

- The rental vacancy level was 8.1 per cent (9.3)

HUFVUDSTADEN AB (publ)

Ivo Stopner President

Enclosure: year-end Report 2003

For further information, please contact Ivo Stopner, CEO, or Magnus Jacobson, CFO, telephone +46 (0)8-762 90 00.

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The following files are available for download:

Enclosure: Year end Report

Year-end Report 2003

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