Fast. Balder

Capital/Financing Update • Feb 22, 2017

PRESS RELEASE 22 February, 2017

Balder receives 'BBB' rating from S&P and intends to investigate the possibilities to carry out its first issue in the European bond market

Balder already has an Investment Grade rating from Moody's of Baa3 with a stable outlook and now also has a preliminary Investment Grade rating from S&P of 'BBB' with a stable outlook.

Balder has given Barclays, Danske Bank, Deutsche Bank and Nordea a mandate to investigate the conditions for a first issue in the European capital market. The rationale for Balder to consider a potential European bond issue are:

• To extend our credit term by issuing bonds with longer maturities and to repay the debt with shorter maturities.
• To reduce our share of secured financing through issuing unsecured bonds and repay secured financing.
• To create a natural hedge of our Euro-exposure that we have through our assets in Finland and Denmark.

For further information, please contact: CEO Erik Selin, tel. +46 706 074 790 or Head of Finance Marcus Hansson, tel. +46 768 369 848

Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 86.2 billion as of 31 December 2016. The Balder share is listed on NASDAQ Stockholm, Large Cap segment.

Fastighets AB Balder (publ) PO Box 53121, 400 15 Gothenburg Tel: +46 31 10 95 70 Corporate Identity No. 556525-6905, Registered office Gothenburg www.balder.se