Gothenburg, February 16, 2005

Proposals to the Annual General Meeting in Castellum AB

At the Annual General Meeting (AGM) of shareholders in Castellum AB on March 23, 2005, the following proposals will be put forward.

• The Board proposes a dividend of SEK 9.50 per share and March 30th, 2005 as record day for dividend.
• The members of nomination committee, which together represent shareholders with about 17% of the votes of outstanding shares in the company, propose re-election of Jan Kvarnström, Ulla-Britt Fräjdin-Hellqvist, Mats Israelsson, Lars-Erik Jansson, Stig-Arne Larsson and Göran Lindén. Current member Gunnar Larsson has declined re-election. Proposed as new member is Marianne Dicander Alexandersson, Chief Executive Officer of Kronans Droghandel AB, Mölnlycke.
• The Board proposes a renewed mandate for the Board to decide on purchase or transfer of the company’s own shares until the next AGM.
• The Board proposes the AGM to decide on appointing a nomination committee to make proposals to the AGM 2006 regarding the number of Board members, election of members of the Board, including chairman, and remuneration for the Board of Directors. The nomination committee will be established by the Chairman contacting the three biggest shareholders at the end of the third quarter 2005. The names of the members of the nomination committee will be published in the company’s interim report for the third quarter 2005.

 
The Board’s proposals as well as other items on the agenda are found on the invitation to attend the AGM, which was published in the Swedish newspapers Post & Inrikes Tidningar, Svenska Dagbladet and Göteborgs-Posten, and on www.castellum.se.

 

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 15 billion, and comprises mainly commercial properties. The real estate portfolio is owned and managed by six wholly owned 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