Fabege Sells in Nacka and Västberga

Regulatory News:

Fabege (STO:FABGA) has sold its Sicklaön 145:20 property in Nacka to Järla Marknad AB for a consideration of SEK 50m and its Elektra 20 leasehold to Fastighets AB TESST for SEK 7m. Sicklaön 145:20 comprises a lettable floor area of 3,300 m2. The Electra 20 leasehold property is undeveloped and has a floor area of 3,870 m2.

The sale will result in a profit after tax of SEK 5m, which will be recognised in the fourth quarter of 2009.

"The sale fits in with our ambition to concentrate our property portfolio to a few select sub-markets,” Christian Hermelin, Fabege’s CEO, says.

Fabege AB (publ)

This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 11:30 am (CET) on 29 December 2009.

Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The book value of the company’s property portfolio is approximately SEK 29.4bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.4bn and a lettable area of 1.4m square metres. Fabege’s shares are listed on the Stockholm Stock Exchange, Large Cap segment.

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