Klövern is building a new office building in Kista

2010-06-22

Klövern  has signed a ten-year lease for 36,000 sq.m. in Kista. For this
purpose, Klövern is planning a completely new building and refurbishing an
existing building.  The property will contain modern flexible offices and an
Experience Center.

The new production consists of 27,300 sq.m. and the refurbishment will entail
conversion of a 9,000 sq.m. warehouse into high-value space. This building will
provide the world’s leading telecom manufacturer with a completely new meeting
place in Kista.

The annual rent totals around SEK 66 million. The project is starting
immediately and the moving-in is expected in April 2012.

Klövern’s estimated investment is approximately SEK 650 million. All buildings
will be part of the property Isafjord 1. The preparatory work has focused on
production of an energy-efficient and cost-effective property with a low
environmental impact.

“Being able to meet the requests of such a demanding customer for modern
flexible offices and meeting places is undoubtedly a feather in Klövern’s cap”,
says Klövern’s CEO Gustaf Hermelin. “The premises are very flexible and
adaptable to the tenant’s needs. The solutions are based on the very latest
technology.”

This new production is one of many steps taken by Klövern to transform Kista
into a lively and dynamic district of Stockholm. In 2006, Klövern acquired
properties for SEK 3.5 billion in Kista. The vacancies that existed at the time
of acquisition have been gradually filled and public spaces in the form of green
areas, squares and roads have been spruced up. In 2008, the conference and
exhibition facility Kistamässan was inaugurated after a year and a half of new
construction and refurbishment. In autumn 2009, construction started on
Stockholm’s new landmark the 33 story hotel Victoria Tower, which will be
completed in autumn 2012. The property will in addition to the hotel include ten
floors of “Klövern offices”.

Nyköping, 22 June 2010

Klövern AB (publ)

For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00,
gustaf.hermelin@staging-wwwklovernse.wp4.triggerfish.cloud
Britt-Marie Einar, Finance and IR Manager, tel +46 155-44 33 12, +46
70-224 29 35,
britt-marie.einar@staging-wwwklovernse.wp4.triggerfish.cloud

Klövern is a real estate company committed to working closely with customers to
meet their needs of premises and services in Swedish growth regions. Klövern has
business units in ten cities: Borås, Karlstad, Kista, Linköping, Norrköping,
Nyköping, Täby, Uppsala, Västerås and Örebro. As at 31 March 2010, the value of
the properties totalled approximately SEK 12 billion and the rental income on an
annual basis was SEK 1.4 billion. The Klövern share is listed on Nasdaq OMX
Nordic Exchange in Stockholm’s list for medium-sized companies.

Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46 155-44 33 00,
Fax +46 155-44 33 22. Corporate registration no. 556482-5833. Registered office:
Nyköping. www.staging-wwwklovernse.wp4.triggerfish.cloud

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