Annual General Meeting in Castellum AB

At the Annual General Meeting in Castellum AB on March 25th 2004, the
Board of Directors' proposal of a dividend of SEK 8.50 was confirmed.
Tuesday March 30th, 2004 was decided as record day for dividend.

The AGM decided to re-elect Jan Kvarnström, Ulla-Britt
Fräjdin-Hellqvist, Mats Israelsson, Lars-Erik Jansson, Gunnar
Larsson, Stig-Arne Larsson and Göran Lindén, to the Board of
Directors.

Further more the AGM decided to appoint a nomination committee,
consisting of three members selected by the three largest
shareholders at the end of the third quarter 2004, and the Chairman
of the Board.

The AGM decided to authorize the Board - in order to adjust the
company's capital structure - if required until the next AGM, to be
able to purchase own shares corresponding to a maximum of 10 percent
of all shares in the company. In addition the AGM decided to
authorize the Board, until the next AGM - in order to adjust the
company's capital structure - to be able to transfer own shares held
by the company.

At the following inaugural Board meeting Mr. Jan Kvarnström was
re-elected as Chairman of the Board.

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: