Kungsleden sells public properties for SEK 912 m

Listed Swedish property company Kungsleden AB (publ) is selling 38 public
properties to Hemsö for a total purchase price of SEK 912 m excluding
transaction costs. The sales price is consistent with book value and exceeds
acquisition cost by approximately a SEK 26 m. This latter amount is included in
Kungsleden’s profit for calculating dividends for 2012.
The sale increases equity by about SEK 39 m. The transaction will be recognized
in the third quarter of 2012.
These properties are located in Härnösand, northern Sweden, and accommodate
operations such as housing for the elderly, health care and schools. The gross
leasable area amounts to around 143 000 sq.m.
The transaction was planned when Hemsö Fastighets AB was formed and Hemsö has
managed the property holding, legally owned by Kungsleden, since 2009. With the
transfer to Hemsö now taking place, Kungsleden does not have any remaining
direct holding in public properties in principle, these are instead owned
through the share ownership in Hemsö.
Completion is on 15 August 2012.
“We are completing this transaction with Hemsö now and selling our remaining
public properties. Apart from the positive profit effect, this sale increases
our equity ratio by 2 per cent,” commented Kungsleden’s Chief Executive Thomas
Erséus.

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For more information, please contact:

Thomas Erséus, CEO Kungsleden | phone +46 (0)8 503 052 04 | mobile +46 (0)70 378
20 24

www.kungsleden.se
Detta pressmeddelande finns tillgängligt på svenska på
www.kungsleden.se/pressmeddelanden

Kungsleden 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 provided for public release on 15 August 2012 at 1:00 p.m.

Kungsleden’s strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and divestments.
As of 31 March 2012, the property portfolio comprised 317 properties with a book
value of SEK 15.5 bn. The portfolio was located in a total of 100
municipalities, mainly in southern and central Sweden. Kungsleden has been
quoted on the Nasdaq OMX Stockholm since 1999.