Fabege Buys Property in Arenastaden

Fabege (STO:FABG) has acquired Uarda 2, a property in Arenastaden/Solna Station district from Axfast for SEK 80 million. In a parallel transaction Fabege has agreed to sell the properties Landbyska Verket 10 (1,266 m2 lettable area) on Ostermalm and Verdandi 9 (1,399 m2 lettable area) in Vasastan to Axfast for SEK 112 million. Uarda 2, which currently comprises a building of about 5,000 m2, will further strengthen Fabege's presence in Arenastaden. The occupancy date is 19 March for Verdandi 9 and 26 May for Uarda 2 and Landbyska Verket 10.

Fabege has also sold its interests in Tullarken KB in Ostersund and Deamatris Forvaltning AB in Stockholm to Riksbyggen and FastPartner AB, respectively.

The above sales will result in a total profit after tax of SEK 49 million, which will be recognised in the first quarter of 2008.

Fabege AB (publ)

Fabege AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was submitted for publication at 13:30 on 19 March 2008.

Fabege AB (publ) is one of Sweden's leading property companies focusing on commercial premises. The book value of the company's property portfolio is approximately SEK 30.8 billion. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.5 billion and a lettable area of 1.5 million square metres. Fabege's shares are listed on the Stockholm Stock Exchange, Large Cap segment.

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