Gothenburg, February 23, 2004

Proposals to the Annual General Meeting in Castellum AB

At the Annual General Meeting of shareholders in Castellum AB on March 25th, 2004, the following proposals will be put forward.

The Board proposes a dividend of SEK 8.50 per share and March 30th, 2004 as record day for dividend.

The members of Nomination Committee, which are representing about 17 % of the shares in the company, proposes re-election of all of the members of the Board, Jan Kvarnström, Ulla-Britt Fräjdin-Hellqvist, Mats Israelsson, Lars-Erik Jansson, Gunnar Larsson, Stig-Arne Larsson and Göran Lindén and that the remuneration to the Board remain unchanged.

The Board will propose a renewed mandate for the Board to decide on purchase or transfer of the company’s own shares.

The Board proposes to form a Nomination Committee according to the model that was used at the AGM 2003.

Invitation to attend the AGM, including the Board’s proposals of the as well as other items on the agenda, was published in the Swedish newspapers Post & Inrikes Tidningar, Svenska Dagbladet and Göteborgs-Posten.

 

Enclosure: Invitation

 

 

Castellum is one of the major listed real estate companies in Sweden. The book value of the real estate portfolio amounts to approx. SEK 14 billion, and comprises mainly commercial properties. The real estate portfolio is owned and managed by six subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Western Småland and Mälardalen. The Castellum share is listed on Stockholmsbörsen’s O-list.

 

For further information, please contact
Lars-Erik Jansson, CEO, phone +46 31 60 74 00 / mobile +46 705-92 06 70

Håkan Hellström, CFO/deputy CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56