Fabege sells another residential property for a gain of SEK 40 M Fabege has sold the residential property Lavetten 16 for a total of SEK 104 M. The price exceeds the property's independently appraised market value as of December 31, 2003 by 28%. The capital gain accrues during the year's second quarter. The buyer is a tenant-owner association and the closing on the property is scheduled for today. Fabege has now sold four of the 12 residential properties in downtown Stockholm that it retained when Bostads AB was distributed to the shareholders. Disclosure: Two of Fabege's employees, one of whom is Head of Transactions, live in the property. The persons in question have not participated in the process from either Fabege's end or as a representative of the tenant-owner association. Fabege's interim report for January-March 2004 will be released on May 10, 2004. Fabege AB (publ) For further information, please contact: President Lennart Sten, +46 8 769 30 10 Fabege owns and manages commercial properties in the Stockholm region. The focus is on properties that, through enhancements, development or area-specific circumstances, have the potential to contribute positively to cash flow and appreciation in value. The portfolio is concentrated in Stockholm, Kista and Marievik. The aggregate value of Fabege's property portfolio amounts to slightly over SEK 18 billion, with about 1.3 million square meters in rentable space (Dec. 31, 2003). Fabege is one of Sweden's largest real estate companies and is listed on the Stockholm Stock Exchange's O-list. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/06/20040506BIT01060/wkr0001.doc http://www.waymaker.net/bitonline/2004/05/06/20040506BIT01060/wkr0002.pdf