Fabege sells two properties in Solna for SEK 570 million

Fabege sells two properties in Solna for SEK 570 million

Fabege has sold the Axet 1 and Bladet 1 properties in Solna to Vasakronan for
SEK 570 million. The properties comprise a total lettable area of 31,650 m2,
primarily office space. The buyer will take possession of the properties on 2
September 2008. The sale will result in a profit after tax of SEK 58 million,
which will be recognised in the second quarter of 2008.
“The sale is in line with our strategy of selling off properties outside our
concentrated property management units. The properties, which are fully let, are
located in Bergshamra, outside our priority sub-markets in Solna, and are deemed
to have limited improvement potential,” Christian Hermelin, Fabege's CEO, says.


Fabege AB (publ)


For further information, please contact:
Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25
Åsa Bergström, CFO, phone +46 (0)8-555 148 29, +46 (0)70-666 13 80
Mats Berg, Director of Communications and Investor Relations, phone +46 (0)8-555
148 20, +46 (0)733-87 18 20

Fabege 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 submitted for publication at 14:15 on 28 May 2008.

Fabege AB (publ) is one of Sweden's leading property companies focusing on
commercial premises. The book value of the company's property portfolio is
approximately SEK 30.5 billion. The portfolio is concentrated to the Stockholm
region and has an annualised rental value of SEK 2.4 billion and a lettable area
of 1.5 million square metres. Fabege's shares are listed on the Stockholm Stock
Exchange, Large Cap segment.