Castellum’s interim report January-September 2015: Growth in income from property management

  · Rental income for the period January-September 2015 amounted to SEKm 2,449
(SEKm 2,496 corresponding period previous year).
  · Income from property management amounted to SEKm 1,152 (1,112),
corresponding to SEK 7.02 (6.78) per share, an increase with 4%.
  · The changes in value on properties amounted to SEKm 818 (354) and on
derivatives to SEKm 53 (-498).
  · Net income after tax for the period amounted to SEKm 1,621 (773),
corresponding to SEK 9.88 (4.71) per share.
  · The net investments amounted to SEKm 2,412 (1,612) of which SEKm 847 (998)
were new constructions, extensions and reconstructions, SEKm 1,844 (854)
acquisitions and SEKm 279 (240) sales. Furthermore, 50% of the shares in Ståhls
were acquired, with an underlying property value of SEK 2 billion, for SEKm 499.
Gross leasing (i.e. the annual value of total leasing) during the period was
SEKm 226 (241), of which SEKm 29 (49) were leasing of new constructions,
extensions and reconstructions. Notices of termination amounted to SEKm 219
(166), of which bankruptcies were SEKm 7 (12) and SEKm 16 (2) were notices of
termination with more than 18 months remaining length of contract. Net leasing
for the period thus totalled SEKm 7 (75), while amounting to SEKm -30 (2) for
the isolated third quarter. Negative net leasing for the third quarter is
primarily attributable to two factors: one major notice of termination totalling
SEKm 23 with premises vacated in 15 months, and the tough rental market in the
Öresund region where net leasing amounted to SEKm -19 for the third quarter.

“Castellum remains financially strong with a loan to value ratio of 50%, mainly
attributable to strong earnings and positive growth during the period”, says
Henrik Saxborn, CEO of Castellum AB. “We’re gradually restructuring the real
estate portfolio, and our central acquisition on Kungsholmen in Stockholm can
serve as a tangible example. In addition, several major projects have been
completed, such as Atollen in central Jönköping and Djurgården in Linköping.”

Enclosure: Interim Report January-September 2015

Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

For further information, please contact
Henrik Saxborn, CEO, phone +46 31-60 74 50
Ulrika Danielsson, CFO, mobile +46 706-47 12 61

www.castellum.se

Castellum is one of the major listed real estate companies in Sweden. The fair
value of the real estate portfolio amounts to approx. SEK 41 billion, and
comprises premises for office, retail, warehouse and industrial purposes with a
total lettable area of approx 3.4 million sq.m. The real estate portfolio is
owned and managed by six wholly owned subsidiaries with strong local roots in
five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm,
Mälardalen and Eastern Götaland.

Castellum is listed on NASDAQ Stockholm Large Cap.

Castellum AB (publ), Box 2269, SE-403 14 Göteborg | Org nr/Corp Id no SE 556475
-5550 | Phone +46 31 60 74 00 Fax +46 31 13 17 55