Castellum invests SEKm 113 and sells for SEKm 44

Castellum has through subsidiaries acquired two commercial properties for SEKm 17, decided on investments of SEKm 96 and sold four commercial properties for SEKm 44 with a capital gain of SEKm 6.

Fastighets AB Briggen will start an extension of approx. 3,000 sq.m.
warehouse premises in Helsingborg. The investment is estimated to
SEKm 24. Moving in is planned to the end of 2005. Further more a
decision was made for an investment of SEKm 32 in the property
adjacent to the Galleria (Shopping mall) Carl Werner in Lund. After
the refurbishment the Galleria will hold 14 shops with a total retail
area of 3,300 sq.m. Briggen has also acquired an office property of
approx.1,600 sq.m. in the Bulltofta area in Malmö for SEKm 12. The
time of taking possession was in November, 2004.

Briggen has also sold a warehouse property of 3,200 sq.m. in Lund for
SEKm 12 with a capital gain of SEKm 2 and a smaller property of 1,000
sq.m. in the central parts of Malmö for SEKm 12 with a capital gain
of SEKm 3.

In the area Boländerna in Uppsala, Aspholmen Fastigheter AB is
converting 9,000 sq.m. warehouse premises into a Galleria for sale of
capital goods. The refurbishment also comprises a new entrance made
of glass in order to point out the new course towards commerce and
new parking spaces. The development of Boländerna has over a period
of time resulted in a larger share of commerce and the area is today
considered as one of tree external market areas in Uppsala. The total
investment is estimated to SEKm 40. Moving in has started and there
will be an official opening ceremony in March 2005. Further more
Aspholmen Fastigheter has acquired a smaller property next to the
above mentioned Galleria for SEKm 5. By this acquisition Aspholmen
will hold a complete block which will make it possible to continue an
effective development of the area.

Aspholmen Fastigheter has also sold a fully let industrial property
of approx. 7,000 sq.m. in Köping for SEKm 12 equivalent to book
value. After this sale Aspholmen owns one office property in the
central part of Köping.

Eklandia Fastighets AB has sold a warehouse and office property of
1,500 sq.m. on Hisingen in Gothenburg for SEKm 8 with a capital gain
of SEKm 1.

Castellum is one of the major listed real estate companies in Sweden.
The book value of the real estate portfolio amounts to approx. SEK 15
billion, and comprises mainly commercial properties. The real estate
portfolio is owned and managed by six subsidiaries with strong local
roots in five growth regions: Greater Gothenburg, the Öresund Region,
Greater Stockholm, Western Småland and Mälardalen. The Castellum
share is listed on Stockholmsbörsen's O-list.

For further information, please contact
Lars-Erik Jansson, CEO, phone +46 31 60 74 00 / mobile +46 705-92 06
Håkan Hellström, CFO/deputy CEO, phone +46 31 60 74 00 / mobile +46
705-60 74 56