Fabege

Earnings Release • Dec 21, 2007

PRESS RELEASE 21.12.2007

Fabege sells housing project at a profit of SEK 60m

Fabege has developed parts of the property Luma 1 in Hammarby Sjöstad for conversion to housing. After receiving building permits, Fabege has now sold off the housing project, with a total of 6,000 sq.m of floor space, for SEK 135m. The sale will result in an after-tax gain of SEK 60m, which will be reported during the fourth quarter of 2007. The purchaser, Oscar Properties, will take possession when subdivision of Luma 1 is completed, with an expected moving-in date of 15 February 2008.

Fabege AB (publ)

For further information, please contact: Christian Hermelin, CEO, tel +46 (0)8-555 148 25, +46 (0)733-87 18 25 Åsa Bergström, CFO, tel +46 (0)8-555 148 29, +46 (0)70-666 13 80 Mats Berg, Director of Communications, +46 (0)8-555 148 20, +46 (0)733-8718 20

Fabege is one of Sweden's leading property companies and owns properties to a book value of SEK 27.3 billion. The property stock, which is concentrated on the Stockholm region, has a rental value on an annualised basis of SEK 2.2 billion and lettable space of 1.4 million square metres. Fabege shares are listed on the Stockholm Stock Exchange, Large Cap segment.

Fabege AB discloses the information in this press release according to the Swedish Securities Exchange and Clearing Operations Act and/or the Swedish Financial Trading Act.