Castellum invests for SEKm 260 and sells for SEKm 77 with a capital gain of SEKm 17

Gothenburg, April 11, 2002

The Real Estate Company Castellum has, through its local subsidiaries, acquired and decided to invest-ments in properties at a total of about SEK 260 million. In all seven properties was disposed of at a total of SEK 77 million with a capital gain of SEK 17 million.

Eklandia Fastighets AB has sold a residential property of 2,685 sq.m. in the district Kålltorp in eastern Gothen-burg to a new tenant-owners’ association. The sales price amounted to SEKm 28 with a capital gain of SEKm 9.

In western Småland the subsidiary Fastighets AB Corallen has disposed of five properties at a total of SEKm 47 with a capital gain of SEKm 7. The disposal comprise the two remaining residential properties in Värnamo of 892 respectively 3,061 sq.m. The sales price amounted to SEKm 26. Furthermore Corallen have sold a ware-house and industrial property of 1,712 sq.m. in Gislaved at a total of SEKm 4. Corallen has also sold a combined warehouse and office property of 6,405 sq.m. in Jönköping and a office property of 906 sq.m. in Värnamo at a sales price of SEKm 13 respectively SEKm 4.

Fastighets AB Briggen has made a disposal of a smaller residential property in Helsingborg at a sales price of SEKm 2.

Of the above mentioned disposals at a total of SEKm 77 with a capital gain of SEKm 17 the sum of SEKm 60 respectively SEKm 9 will be accounted during the first quarter 2002. The rest will be accounted during the second quarter.

During April the subsidiaries Harry Sjögren AB and Eklandia Fastighets AB, in one transaction, acquired five properties with a total of 33,000 sq.m in Greater Gothenburg at a total of SEKm 172. The acquision comprise two office properties of 15,100 respectively 8,000 sq.m. in the western part of Högsbo working area, one office property of 4,700 sq.m. in Åbro working area in connection to E6 and Söderleden, one office and enterprise property of 3,300 sq.m. on Ringön nearby Göta älv, also including a building right of about 3,000 sq.m. and one warehouse and industrial property of 1,900 sq.m. situated in Varla industrial area in connection to the north exit from E6-highway to Kungsbacka. The acquired properties will be valuable complements to the other holdings in respectively area. The actual economic occupancy rate for the acquired properties is about 65 %.

During April Corallen has acquired an office property of 5,665 sq.m in Växjö at a total of SEKm 55. The property has an excellent location close to Stortorget.

Along Söderleden in Mölndal, Harry Sjögren AB owns a property that’s including a building right of about 3,400 sq.m. lettable area. The company will build a property that includes office, exhibition/retail and warehouse premises. About 80 % of the total lettable area are contracted. The investment is estimated to a total of around SEKm 30.

For further information, please contact
Lars-Erik Jansson, CEO, Phone +46 31 60 74 00 / mobile +46 705-92 06 70.

Håkan Hellström, CFO/deputy CEO, Phone +46 31 60 74 00 / mobile +46 705-60 74 56.