Gothenburg July 18th, 2006

Castellum’s net leasing continues strong

Rental income for the period January – June 2006 amounted to SEKm 984 (SEKm 942 corresponding period previous year).

Net income after tax for the year amounted to SEKm 668 (546), equivalent to SEK 4.07 (3.33) per share.

Income from property management improved by 10% to SEKm 417 (379), equivalent to SEK 2.54 (2.31) per share.

Net leasing has continued its strong trend during the period and amounted to SEKm 41, which is almost twice as much as previous year.

Income from property management for the period, i.e. net income excluding changes in value and tax, amounted to SEKm 417 (379), equivalent to SEK 2.54 (2.31) per share. The improvement amounts to 10%.

During the period changes in value on properties and derivatives amounted to, respectively SEKm 325 (531) and SEKm 168 (-155). After deduction for tax of SEKm 242 (209) net income for the period was SEKm 668 (546) equivalent to SEK 4.07 (3.33) per share.

During the period investments totalling SEKm 834 (736) were made, of which SEKm 361 (499) were acquisitions and SEKm 473 (237) investments in existing properties. Further, 7 (24) properties were sold for a total of SEKm 126 (428). Including acquisitions made in the beginning of July the investments during the year amounts to SEK 1.3 billion.

"I’m very pleased that Castellum’s organisation has been successful in handling the good demand for premises" comments Castellum’s CEO, Håkan Hellström. "Net leasing together with investments made mean good conditions for a positive development in future earnings" adds Håkan Hellström.

Enclosure: Half-year Report January – June 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 22 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