The Tax Agency appeals against the County Administrative Court’s judgment

2008-02-12

The dispute basically concerns a deduction of SEK 5 billion from the
time when Klövern was an IT company. The Tax Agency considered that
the deduction should not be consented to and moreover imposed a tax
surcharge of SEK 493 million despite Klövern withdrawing its
application for a deduction. The issue of the imposition of the tax
surcharge was considered by the county administrative court
separately from the issue of the deduction. Klövern won the dispute
at the country administrative court as regards the tax surcharge.”Of course, we had hoped that the Tax Agency would accept the county
administrative court’s assessment and not pursue the matter of a tax
surcharge further. Unfortunately, the Tax Agency has now decided to
appeal and we will have to await the result at the administrative
court of appeal”, says Klövern’s CEO Gustaf Hermelin.”The county administrative court shared our view and quashed the tax
surcharge. Bearing in mind the county administrative court’s clear
judgment, we are optimistic that the administrative court of appeal
will draw the same conclusion”, say Klövern’s attorney-at-law Börje
Leidhammar, Wistrand advokatbyrå and Thomas Andersson, Deloitte.

As previously notified, after withdrawing the application for a
deduction, Klövern requested a new reconsideration of the capital
loss of SEK 5 billion. The Tax Agency refused this deduction. The
company has appealed against the Tax Agency’s decision not to grant
the deduction. The county administrative court has not yet notified a
judgment on this matter.
Nyköping, 12 February 2008

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
Caesar Åfors, CFO and vice-President, tel +46 155-44 33 02, +46
70-662 48 48, caesar.afors@staging-wwwklovernse.wp4.triggerfish.cloud
Britt-Marie Einar, Finance and Information 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 in Swedish growth regions to meet their needs of premises
and services. Klövern has geographical units in ten cities/locations:
Borås, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby,
Uppsala, Västerås and Örebro. As at 31 December 2007, the value of
the properties totals approximately SEK 12.2 billion and the rental
income on an annual basis is approximately SEK 1,309 million. The
Klövern share is listed on OMX Nordic Exchange in Stockholm 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.
Reg. no 556482-5833 * Registered office: Nyköping * Website:
www.staging-wwwklovernse.wp4.triggerfish.cloud