Castellum sells with a capital gain of SEKm 14 and invests SEKm 47

Castellum has through the subsidiary Eklandia Fastighets AB sold an
office property of approx. 1,500 sq.m. in the central parts of
Gothenburg. The sales price was SEKm 31 with a capital gain of SEKm
14. The sale was carried out in March and is therefore included in
the Interim Report for January-March 2004.

Castellum has also, through the subsidiary Fastighets AB Brostaden,
acquired a site leasehold in Årsta/Stockholm. The site holds a
warehouse and industrial building of approx. 13,000 sq.m. with an
occupancy rate of approx. 80%. Through the acquisition Brostaden will
increase its presence in one of the southern inner suburbs of
Stockholm. The suburb is expected to experience a positive
development, chiefly depending on the location with good
infrastructure. The acquisition took place in April and the price was
SEKm 47.

The press release can be downloaded from the following link:

Castellum is one of the major listed real estate companies in Sweden.
The book value of the real estate portfolio amounts to approx. SEK 14
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