Fabege

Transaction in Own Shares • May 15, 2008

PRESS RELEASE 15 May 2008

Fabege launches share buy-back

Fabege AB (publ) has started the share buy-back programme approved by the Annual General Meeting on 3 April 2008. The AGM authorised the Board for a period no later than the next AGM to acquire Fabege shares. The shares acquired may not exceed 10 per cent of the total number of outstanding Fabege shares at any time. The purpose of the buy-back programme is to enable the Company to continuously adapt its capital requirements and thereby improve shareholder value. The repurchases will be made on the Stockholm Stock Exchange at a price within the registered share price interval on each repurchase occasion. Before launching of the buy-back programme Fabege owns 1,701,900 own shares.

Fabege AB (publ)

For further information, please contact: Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25 Åsa Bergström, CFO, phone +46 (0)8-555 148 29, +46 (0)70-666 13 80 Mats Berg, Director of Communications and Investor Relations, phone +46 (0)8-555 148 20, +46 (0)733-87 18 20

Fabege AB (publ) is one of Sweden's leading property companies focusing on commercial premises. The book value of the company's property portfolio is approximately SEK 30.5 billion. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.4 billion and a lettable area of 1.5 million square metres. Fabege's shares are listed on the Stockholm Stock Exchange, Large Cap segment.