Castellum sells with a capital gain of SEKm 57 and invests SEKm 30

Castellum has through subsidiaries made the following real estate transactions

Fastighets AB Briggen has sold six residential properties in
Helsingborg with a total area of 13,200 sq.m. for SEKm 140 with a
capital gain of SEKm 36. The sale has been carried out as a corporate
transaction with a commercial buyer, which will take possession of
the properties in March 2004.

Eklandia Fastighets AB has sold two residential properties with a
total area of 3,200 sq.m. in the Linné area in Gothenburg to a new
tenant-owners' association, which will take possession of the
properties in February 2004. The sales price totalled SEKm 39 with a
capital gain of SEKm 15.

Harry Sjögren AB has sold a warehouse property of approx. 4,700 sq.m.
in Sisjön's industrial estate in Gothenburg. The property was at the
time of sale fully let. The sales price was
SEKm 25 with a capital gain of SEKm 6. The property will be taken
over in March 2004.

In Smista Park, Fastighets AB Brostaden is about to build a
full-service facility, which will be leased by Porsche/Din Bil.
Smista Park is a new and interesting business area in the southern
parts of Stockholm, where Brostaden owns building permissions
totalling 80,000 sq.m. The investment, comprising approx. 2,000
sq.m., is estimated at just over SEKm 30 and moving in is planned to
December 2004.

During the first two month of 2004 Castellum has sold 16 properties
with a capital gain of SEKm 126.

Annual Report 2003
The Swedish version of the Annual Report 2003 is now available on
Castellums website www.castellum.se. An English version of the Annual
Report 2003 is estimated to be
available on the website from Friday afternoon, March 27th.

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
70
Håkan Hellström, CFO/deputy CEO, phone +46 31 60 74 00 / mobile +46
705-60 74 56

The press release can be downloaded from the following link: