Fabege: Interim Report January – June 2015

Regulatory News:

Fabege AB: (STO:FABGA)

· Rental income declined to SEK 998m (1,039) due to a smaller property portfolio than in the year-earlier period. In an identical portfolio, income rose approximately 6 per cent.

· Net operating income declined to SEK 715m (738). In an identical portfolio, net operating income increased about 6 per cent. The surplus ratio rose to 72 per cent (71).

· Profit from property management increased 16 per cent to SEK 369m (317).

· Realised and unrealised changes in value amounted to SEK 1,381m (646) for properties and a SEK 137m for fixed income derivatives (neg 287).

· Profit for the period before tax was SEK 1,951m (686). Profit after tax for the period amounted to SEK 1,535m (563), corresponding to SEK 9.28 per share (3.40).

· Net lettings for the period amounted to SEK 51m (258), following a major letting to KPMG and a number of management lettings. The rent levels from renegotiated leases increased an average of 13 per cent.

· The equity/assets ratio was 38 per cent (38) and the loan-to-value ratio 56 per cent (60).

Record strong earnings during first six months of the year

During the period, Fabege’s investment-property portfolio contributed to the favourable earnings through both a positive cash flow and value growth. Growth in net asset value was healthy, with EPRA NAV rising SEK 15 year-on-year to SEK 102 per share. The surplus ratio - which is a good measurement of the efficiency of property management - was 72 per cent, a record level for the first half of a year. I am also delighted with net lettings, which totalled SEK 51m in the first half year”, comments Christian Hermelin, CEO of Fabege.”

Fabege AB (publ)

This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 8:00 pm (CET) on 6 July 2015.

Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. Fabege owns properties with a carrying amount of SEK 36.4bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.2bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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