Wihlborgs is continuing to refine its property stock

Wihlborgs is continuing to refine its property stock Sales in Stockholm and Malmö Wihlborgs has sold 23 properties in Stockholm and 1 in Malmö for SEK 510 million, at a total profit of SEK 40 million. The profit will be included in the result for the fourth quarter of 2003. 20 of the properties, 19 of which are in Stockholm and 1 in Malmö, have been sold to newly formed housing cooperatives. "The sale is in line with our strategy of reducing the number of residential properties in our portfolio," says Erik Paulsson, president and CEO of Wihlborgs Fastigheter. "During 2003 we have sold both residential and commercial properties for a total of SEK 5.5 billion, at a total profit of SEK 740 million." Declaration of intent regarding sale of four properties Wihlborgs has signed a declaration of intent regarding sale of 4 properties to Klövern AB (publ). The purchase price is SEK 120 million. The sale is being recorded during the first quarter of 2004, and will not have any effect on the result. The properties are situated in Örnsköldsvik, Norrköping and Örebro. Klövern acquires promissory note from Wihlborgs During 2002 Klövern AB (publ) acquired a large property stock from Wihlborgs Fastigheter. In conjunction with the acquisition a promissory note for approximately SEK 190 million was issued. The board of Klövern AB will be proposing a special general meeting at Klövern that during the first quarter of 2004 the promissory note be acquired from Wihlborgs through a non-cash issue of approximately 12.7 million newly issued Klövern shares. The new issue will be at a share price of SEK 15. Wihlborgs Fastigheter AB (publ) For further information: Erik Paulsson, President and CEO, Tel.: +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, deputy CEO and CFO, Tel.: +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, communications manager, Tel.: +46 (0)8-555 148 20, +46 (0)733-87 18 20 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/22/20031222BIT00850/wkr0001.doc The full pressrelease http://www.waymaker.net/bitonline/2003/12/22/20031222BIT00850/wkr0002.pdf The full pressrelease

22 Dec 2003 4:59 PM