Magnus Meyer Nominated as New Kungsleden Board Member

The Election Committee of listed Swedish property company Kungsleden AB (publ) has reported that it will be proposing Magnus Meyer for election as a Board member at the AGM (Annual General Meeting) on 17 April 2008, to replace Mats Israelsson, who has declined re-election. The Election Committee will be proposing the re-election of other Board members, i.e. Bengt Kjell, Jens Engwall, Jan Nygren, Jonas Nyren, Per-Anders Ovin, Anna Weiner Jiffer and Thomas Erseus. The Election Committee is also proposing the re-election of Bengt Kjell as Chairman of the Board.

Magnus Meyer (born in 1967), who has a B.Sc. (Eng.), has been Chief Executive of leading Swedish architecture practice Tengbomgruppen AB since 2005 and a member of global real estate adviser DTZ's Advisory Board. In 2000-2005, Mr. Meyer was Head of Asset Management, and subsequently Head of New Business and Business Development at GE Real Estate.

Kungsleden's Election Committee has the following members: KG Lindvall, Chairman, representing Swedbank Robur Fonder, Gunnar Balsvik, representing Kapan Pensioner Forsakringsforening, Charlotta Wikstrom, representing Olle Floren and companies, as well as Chairman of the Board Bengt Kjell.

The Election Committee's complete proposals for resolution at the AGM 2008, more information on the candidates for Board membership, and a review of the Election Committee's activities will be submitted by no later than coincident with the publication of the notice convening the AGM. For more information, please contact: Bengt Kjell, Chairman of the Board, tel +46 (0)8 666 6441, mobile +46 (0)70 594 5398

Kungsleden discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 19 February 2008 at 2 p.m.

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Kungsleden's strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and divestments. As of 31 December 2007, the property portfolio comprised 575 properties with a book value of SEK 25.7 bn. The holding was located in a total of 125 municipalities, although concentrated on the Swedish provinces of Gotaland and Svealand, and the Oresund region. Kungsleden has been quoted on the OMX Nordic Exchange Stockholm since 1999.

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