Gothenburg April 19, 2006

Castellum’s income from property management improved by 10%

Rental income for the period January – March 2006 amounted to SEKm 490 (SEKm 470 corresponding period previous year).

Net income after tax for the year amounted to SEKm 239 (163), equivalent to SEK 5.83 (3.98) per share.

FIncome from property management improved by 10% to SEKm 194 (176), equivalent to SEK 4.73 (4.29) per share.

The last day for trading the Castellum share before the share split 4:1 is April 24.

Income from property management for the period, i.e. net income excluding changes in value and tax, amounted to SEKm 194 (176), equivalent to SEK 4.73 (4.29) per share. The improvement amounts to 10%.

During the period changes in value on properties and derivatives amounted to, respectively SEKm 52 (70) and SEKm 85 (-18). After deduction for tax SEKm 92 (65) net income for the period was SEKm 239 (163) equivalent to SEK 5.83 (3.98) per share.

During the period investments totalling SEKm 362 (183) were made, of which SEKm 169 (85) were acquisitions and SEKm 193 (98) investments in existing properties. Further, six (14) properties were sold for a total of SEKm 112 (310).

"I’m pleased that our overall objective of growth in income from property management of at least 10% was achieved, despite higher operating expenses due to the cold and snowy winter" comments Castellum’s CEO, Håkan Hellström.

Enclosure: Interim report January - March 2006

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to over SEK 21 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