Gothenburg, February 21st, 2006

Proposals to the AGM in Castellum AB

At the Annual General Meeting (AGM) of shareholders in Castellum AB on Thursday, March 23rd, 2006, the following proposals will be put forward.

The Board proposes a dividend of SEK 10.50 per share and Tuesday, March 28th, 2006 as record day for dividend.

The Board proposes a 4:1 share split, by which every old share is replaced by four new shares.

In order to adjust the Articles of Association, due to the proposed share split and the new Companies Act, the Board proposes an alteration of the Articles of Association.

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 election committee proposes re-election of Jan Kvarnström, Marianne Dicander Alexandersson, Ulla-Britt Fräjdin-Hellqvist, Mats Israelsson, Stig-Arne Larsson and Göran Lindén. Christer Jacobson, formerly active in Affärsvärlden and in the Alfred Berg Group and currently running his own consulting business is proposed as new Board member. Jan Kvarnström is proposed as Chairman of the Board of Directors.

The election committee proposes the AGM to decide on appointing an election committee to make proposals to the AGM 2007 regarding the number of Board members, election of members of the Board, including chairman, and remuneration for the Board of Directors. The election committee will be established by the Chairman contacting the three major shareholders at the end of the third quarter 2006 and to invite them to appoint one member each to the election committee. The names of the members of the election committee will be published in the company’s interim report for the third quarter 2006.

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. 

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 20 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, Mälardalen and Western Småland. The Castellum share is listed on Stockholmsbörsen’s O-list, Attract 40.

For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56