Average fixed interest term extended to 5.3 years Press Release 30 September 2010 By buying back its banks' rights to cancel interest swaps, listed Swedish property company Kungsleden AB (publ) has extended its average fixed interest term from 2.6 years to 5.3 years. At the mid-point of the year, Kungsleden had a nominal amount of some SEK 7.3 bn of cancellable swaps, which through the repurchase of cancellation rights, were converted to standard interest swaps. After these repurchases, Kungsleden's average interest expense increased by nine basis points to round 5.1%. Kungsleden's interest rate maturity now consists exclusively of fixed interest, as illustrated by the following table. "These repurchases increase Kungsleden's financial freedom to act for a very reasonable cost. Meanwhile, we are continuing to evaluate complementary credit alternatives like bonds," commented Kungsleden's Chief Financial Officer Johan Risberg. As of 30 June 2010 New maturity Maturity Loan, SEK m Interest derivatives Share % Ave. interest % Interest derivatives 2010 14 139 7 350 47,8% 5,9% 2011 - - 2012 400 2,8% 4,4% 400 2013 2 000 14,1% 4,2% 3 800 2014 1 500 10,6% 4,2% 2 100 2015 1 800 12,7% 4,3% 3 600 2016 400 2,8% 4,4% 1 000 2017 300 2,1% 4,5% 300 2018 1 000 7,1% 4,5% 3 550 Grand Total 14 139 14 750 100% 5,0% 14 750 Ave. interest after option redemption 5,1% For more information, please contact: Johan Risberg, Deputy CEO Kungsleden | phone 46 8 503 052 06 | mobile 46 70 690 65 65 Thomas Erséus, CEO Kungsleden | phone 46 8 503 052 04 | mobile 46 70 378 20 24
Average fixed interest term extended to 5.3 years
| Source: Kungsleden AB
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