Interim Report January-September 2008

•Rental income increased to SEK 1,674m (1,534)

•For comparable properties, rental income increased by 5.5 per cent and net operating income by 6.8 per cent

•Profit after tax was SEK 251m* (1,178) and earnings per share were SEK 1.50* (6.39)

•Realised and unrealised changes in the value of properties were SEK 143m (207) and SEK -460m (610), respectively

•Value growth in the project portfolio

•Equity per share was SEK 65 (67)

“The rental market was favourable in the third quarter, with stable rents. Our rental income grew at a healthy pace, increasing by 7 per cent compared with the same period last year,” Christian Hermelin, Fabege’s CEO, says.

“Fabege is well equipped to weather the coming economic downturn. The turbulence in financial markets has not affected our ability to raise capital, and the company’s access to finance remains stable. Falling market interest rates are already a reality, and we expect to see stable rental income going forward, Christian Hermelin adds.

*The figures include unrealised negative changes in the value of properties of SEK 460m. The result for the same period last year included unrealised increases in value of SEK 610m.

Åsa Bergström appointed Executive Vice President

Åsa Bergström, Fabege’s Chief Financial Officer, has also been appointed Executive Vice President of the company with effect from 4 November 2008. Åsa Bergström took up the position of CFO in December 2007.

Fabege AB (publ)

Enclosed: Interim Report January-September 2008

For further information, please contact:

Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25

Åsa Bergström, CFO, phone +46 (0)8-555 148 29, +46 (0)70-666 13 80

Mats Berg, Director of Communications and Investor Relations, phone +46 (0)8-555 148 20, +46 (0)733-87 18 20

Fabege AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was submitted for publication at 08:30 on 4 November 2008.

4 Nov 2008 8:30 AM

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