Castellum sells properties for SEKm 168 and acquires for SEKm 94

Castellum has during February 2005, through wholly owned
subsidiaries, sold eight properties, of which four were residential
properties, for SEKm 168 and acquired two commercial properties for
SEKm 94.

In the central parts of Gothenburg Eklandia Fastighets AB has sold
four residential properties with a total area of 6 653 sq.m. to new
tenant-owners' associations. The total sales price was SEKm 107, and
exceeded the book value at 31 December, 2004 by SEKm 60 and by SEKm
19 the valuation made at the same date.

Also, four commercial properties have been sold. Harry Sjögren AB has
sold a fully let property for sale of capital goods in Mölndal with a
total area of 2,740 sq.m. for SEKm 32. Fastighets AB Corallen has
sold a fully let warehouse property in Värnamo with a total area of
2,700 sq.m. for SEKm 11. Fastighets AB Briggen has sold an industrial
property with a total area of 672 sq.m. for SEKm 6. Eklandia
Fastighets AB has sold an industrial property in Gothenburg with a
total area of 3,467 sq.m. for SEKm 12. The total sales price was SEKm
61 and exceeded the book value at 31 December, 2004 by SEKm 20 and by
SEKm 3 the valuation made at the same date.

Fastighets AB Briggen has acquired two commercial properties in
Helsingborg. The total area amounts to 16,000 sq.m. and the
investment totalled to SEKm 94. The properties was taken in
possession in the beginning of March 2005.

On Castellum's website names and addresses on properties that have
been acquired or sold since the beginning of the year are published.

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

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 wholly owned 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.