Gothenburg, January 23, 2008 

Castellum’s income from property management improved by 5% and a dividend of SEK 3.00 is proposed

 - Rental income for 2007 amounted to SEKm 2,259 (SEKm 2,014
    previous year). 

 - Net income after tax for the year amounted to SEKm 1,487 (1,674),
   equivalent to SEK 9.07 (10.21) per share. 

 - Income from property management improved by 5% to SEKm 924
   (883), equivalent to SEK 5.63 (5.38) per share. 

 - The Board proposes a dividend of SEK 3.00 (2.85) per share,
    corresponding to an increase of 5%.

Income from property management for the year, i.e. net income excluding changes in value and tax, amounted to SEKm 924 (883), equivalent to SEK 5.63 (5.38) per share. The improvement is 5% and is an effect of improved net operating income in the property management and investments made, but has been limited by higher interest costs. During the year, changes in value on properties and derivatives amounted to, respectively, SEKm 920 (1,145) and SEKm 99 (178). 

During the year investments totalling SEKm 2,598 (2,283) were made, of which SEKm 1,514 (1,292) were acquisitions and SEKm 1,084 (991) new construction, extensions and refurbishment. 

"Despite high demands placed on yield Castellum has been able to make investments of SEK 2.6 billion during 2007 and has almost SEK 1 billion in ongoing new construction, extensions and refurbishment projects" comments Castellum’s CEO, Håkan Hellström. 

At today’s meeting, the Board of Directors decided on the following proposals for the Annual General Meeting:
– a dividend of SEK 3.00 per share and Tuesday, April 1, 2008 as record day for dividend,
– a renewed mandate for the Board to decide on purchase and transfer of own shares. 

Enclosure: Year-end Report 2007

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 28 billion, and comprises 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 Eastern Götaland. Castellum is listed on OMX Nordic Exchange in Stockholm.

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