Wihlborgs sells 60 properties for SEK 1,256 million Wihlborgs is continuing to concentrate its business and is selling 60 properties in 37 locations to Adcore for SEK 1,256 million. The sale, involving a total of around 250,000 m2 of lettable area, covers the greater part of Wihlborgs' property stock outside the prioritised markets of the Stockholm and Öresund regions. The majority of the properties sold formed part of Postfastigheter, which was acquired by Wihlborgs in December 2001. It is estimated the sale will be completed by August 2002, and the profit will amount to SEK 60 million. The transaction is conditional upon a decision regarding a new share issue at a special general meeting in Adcore on 18 June 2002. Wihlborgs is guaranteeing SEK 100 million of a total SEK 253 million in the new share issue. See press release from Adcore for more details regarding the transaction. "The sale means we are speeding up the implementation of our strategic plan regarding concentration on Stockholm and Öresund," comments Erik Paulsson, President and CEO of Wihlborgs Fastigheter AB. "We can now put further energy into improving the property stock and rationalising the administration on our prioritised markets," continues Erik Paulsson. After the sale, Wihlborgs' property stock will comprise a total of 575 properties 228 of them in the Stockholm region, 329 in the Öresund region and 18 in other locations. 54% of the rental value will be in the Stockholm region, 44% in the Öresund region and 2% in other locations.1) On the basis of the current rent, property and administrative expenses, financial items, the profit from the property sale, and tax, it is estimated the sale will affect Wihlborgs' net profit for 2002 by SEK 15 million or SEK 0.05/share. As a result of the sale, the balance sheet total will decrease, which as of 31 March 2002 means an increase in equity/assets ratio of 0.6 % to 24.8 %. In view of this transaction Adcore is holding a press conference today at 12.00 am in Konserthuset, Kungsgatan 43, Stockholm [Stockholm concert hall], in which Wihlborgs' CEO Erik Paulsson will be taking part. Appendix: List of properties sold. 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, 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 1) Based on changes with regard to the property stock as of 31 March 2002. Properties sold Appendix to press release from Wihlborgs Fastigheter AB 16.05.2002 Regio Municipality Property Catego Area, n ry sqm Other ALINGSÅS TYGVÄVAREN 4 Office 1,170 OTHER BOLLNÄS GÄRDET 6:4 Ind/Wa 2,248 reh OTHER ENKÖPING S:T ILIAN 23:4 Ind/Wa 1,692 reh OTHER ESKILSTUNA ESKILSHEM 1:8 Retail 3,540 OTHER ESKILSTUNA NÖTKNÄPPAREN 24 Office 2,264 OTHER ESKILSTUNA VALHALLA 2:19 Office 1,872 OTHER ESKILSTUNA VÅGSKÅLEN 24 Other 3,437 OTHER ESKILSTUNA VALPEN 3 Ind/Wa 4,134 reh OTHER FALUN HATTMAKAREN 15 Office 2,704 OTHER FALUN KARDMAKAREN 21 Reside 6,278 nt. OTHER FALUN SPARBANKEN 7 Office 2,804 OTHER FALUN HATTMAKAREN 16 Office 4,064 OTHER GÄVLE BRYNÄS 12:1 Ind/Wa 5,934 reh OTHER HALMSTAD KILOT 1 Ind/Wa 6,959 reh OTHER HEBY KAPELLET 23 Retail 571 OTHER HÄRNÖSAND TULLEN 10 Office 4,607 OTHER KALMAR FREDRIKSDAL 1 Ind/Wa 3,498 reh OTHER KALMAR GULDFISKEN 2 Office 3,029 OTHER KARLSBORG POSTILJONEN 1 & 2 Retail 1,216 OTHER KARLSKRONA INGENJÖREN 7 Ind/Wa 1,818 reh OTHER KARLSTAD GÅNGJÄRNET 2 Ind/Wa 3,536 reh OTHER KARLSTAD TORNADON 2 Ind/Wa 12,804 reh OTHER KARLSTAD SKEPPAREN 15 Office 22,371 OTHER KARLSTAD MONITORN 9 Office 3,409 OTHER KATRINEHOLM NEJLIKAN 13 Retail 2,524 OTHER KRISTIANSTAD KRISTIANSTAD 5:56 Ind/Wa 2,154 reh OTHER KRISTINEHAMN UROXEN 14 Ind/Wa 3,262 reh OTHER KÖPING DROTTEN 2 Office 3,601 OTHER LINKÖPING BREVDUVAN 17 Office 7,753 OTHER LULEÅ DJURET 3 Ind/Wa 6,739 reh OTHER LULEÅ RÅTTAN 18 Office 4,319 OTHER LYCKSELE STADSHUSET 7 Retail 2,075 OTHER MARK KYRKÄNGEN 9 Office 653 OTHER NORRTÄLJE PELIKANEN 8 Office 5,712 OTHER NORRTÄLJE JÄRNLODET 15 Office 3,552 OTHER NYKÖPING BAGAREN 20 Office 1,932 OTHER NYKÖPING SKÖLDEN 2 Office 2,027 OTHER NYKÖPING SÄVEN 4 Ind/Wa 1,853 reh OTHER NÄSSJÖ BREVET 1 Ind/Wa 4,561 reh OTHER NÄSSJÖ POSTEN 1 Office 3,153 OTHER OXELÖSUND BJÖRKEN 11 Reside 3,510 nt. OTHER SANDVIKEN SÄTERJÄNTAN 3 Ind/Wa 933 reh OTHER SUNDSVALL BORGMÄSTAREN 10 Office 5,161 OTHER TORSBY VASSERUD 3:13 Ind/Wa 3,334 reh OTHER UDDEVALLA RAN 6 Ind/Wa 2,482 reh OTHER UMEÅ STIGBYGELN 2 Ind/Wa 3,829 reh OTHER UMEÅ VALE 6 Retail 4,420 OTHER UPPSALA BOLÄNDERNA 21:4 Office 8,541 OTHER UPPSALA BOLÄNDERNA 21:5 Retail 3,384 OTHER UPPSALA KVARNGÄRDET 30:2 Retail 4,107 OTHER UPPSALA KUNGSÄNGEN 10:1 & Office 8,649 10:2 OTHER VETLANDA LEJONET 14 Reside 1,880 nt. OTHER VÄRNAMO TRE LILJOR 16 Office 1,258 OTHER VÄSTERVIK BRYGGAREN 18 Retail 2,504 OTHER VÄSTERÅS KOL 13 Office 4,434 OTHER ÖREBRO KITTELN 11 Retail 12,843 OTHER ÖREBRO OLAUS PETRI 3:119 Ind/Wa 8,809 reh OTHER ÖSTERSUND SNÄCKAN 25 Ind/Wa 3,425 reh 245,33 0 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/16/20020516BIT00480/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/16/20020516BIT00480/wkr0002.pdf