Tornet's Board of Directors Appoints a Deputy Managing Director


DANDERYD, Sweden, Jan. 22, 2003 (PRIMEZONE) -- The board of directors of Fastighets AB Tornet (Stockholm:TORN) has decided to appoint Christel Armstrong Darvik, managing director of Tornet's subsidiary SkansTornet, as deputy managing director of Tornet. This appointment means that Christel Armstrong Darvik will be Tornet's managing director Sverker Lerheden's deputy at the same time as she retains her present appointment.

Christel Armstrong Darvik, who is 49 years old, has been employed as managing director of SkansTornet with its head office in Gothenburg since 1998.

Fastighets AB Tornet (publ)

For further information, please contact:


 Sverker Lerheden, Managing Director
 Fastighets AB Tornet
 +46-8-544 905 00

 Christel Armstrong Darvik, Deputy Managing Director
   Fastighets AB Tornet, Managing Director
 SkansTornet
 +46-31-83 79 00

 Britt-Marie Einar, IR Manager
 Fastighets AB Tornet
 +46-8-544 905 08, +46-70-576 92 08

Fastighets AB Tornet is one of Sweden's major listed property companies. Its holding has a lettable area of approximately 3 million square metres and a book value of approximately SEK 19 billion. Almost 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities, Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.

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 www.waymaker.net/bitonline/2003/01/22/20030122BIT00210/wkr0001.doc
 www.waymaker.net/bitonline/2003/01/22/20030122BIT00210/wkr0002.pdf