Interim Report January-March 2006

• Profit after tax amounted to SEK 180m (278) and earnings per share after dilution to SEK 1.79 (2.81) • Rental income amounted to SEK 636m (859) • Tornet consolidated with effect from February 2006

– The occupancy rate improved by one percentage unit to 87 per cent. The rental market, particularly in the inner city of Stockholm, has been gradually strengthened, and this trend has continued after the first quarter, Erik Paulsson, Fabege’s CEO, comments. – The property portfolio has undergone significant changes since the first quarter of 2005, which have had a material effect on income and profit. For comparable property stock, rental income was on par with the equivalent period of the previous year. Income for comparable property stock in the City sub-market increased by seven per cent, Erik Paulsson continues. – After the end of the reporting period, Fabege including Tornet has sold and acquired properties for a total of SEK 7.5bn, of which sales SEK 7bn. Fabege AB (publ) Enclosure: Interim Report January-March 2006

4 May 2006 8:33 AM

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