Gothenburg October 18th, 2006

Continued growth in Castellum’s income from property management

Rental income for the period January – September 2006 amounted to SEKm 1,488 (SEKm 1,422 corresponding period previous year).  

Net income after tax for the year amounted to SEKm 836 (743), equivalent to SEK 5.10 (4.53) per share.

Income from property management improved by 9% to SEKm 662 (610), equivalent to SEK 4.04 (3.72) per share.

Net leasing has continued its strong trend during the period and amounted to SEKm 77 (54).

Income from property management for the period, i.e. net income excluding changes in value and tax, amounted to SEKm 662 (610), equivalent to SEK 4.04 (3.72) per share. The improvement amounts to 9%.

During the period changes in value on properties and derivatives amounted to, respectively SEKm 356 (543) and SEKm 119 (-125). Net income for the period was SEKm 836 (743) equivalent to SEK 5.10 (4.53) per share.

During the period investments totalling SEKm 1,545 (911) were made, of which SEKm 877 (527) were acquisitions and SEKm 668 (384) investments in existing properties. Further, 9 properties (25) were sold for a total of SEKm 179 (468).

"The market shows a continued good demand for premises and I’m very pleased with the net leasing during the year" comments Castellum’s CEO, Håkan Hellström. "The continued good growth in Swedish economy will however result in higher interest rate levels" adds Håkan Hellström.

An election committee has been appointed in accordance to the decision made by the Annual General Meeting. The election committee is formed by: László Szombatfalvy, Lars Öhrstedt representing AFA, Åsa Nisell representing Robur and the Chairman of the Board Jan Kvarnström. 

Enclosure:

Interim Report January – September 2006

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 23 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 OMX – The Nordic list Large Cap.

For further information, please contact

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