Castellum — Earnings Release 2010

Jan 25, 2011

Castellum AB (publ), Box 2269, SE-403 14 Göteborg Org nr/Corp Id no SE 556075-5550 Tel +46 31 60 74 00 Fax +46 31 13 17 55

PRESS RELEASE No 3 - January 25, 2011

Improved rental and real estate market and a dividend of SEK 3.60 per share

• Rental income for 2010 amounted to SEKm 2,759 (SEKm 2,694 corresponding period previous year).
• Income from property management amounted to SEKm 1,141 (1,130), equivalent to SEK 6.96 (6.89) per share, a increase with 1%.
• The changes in value on properties amounted to SEKm 1,222 (–1,027) and on interest rate derivatives to SEKm 291 (102).
• Net income after tax for the year amounted to SEKm 1,964 (160), equivalent to SEK 11.98 (0.98) per share.
• The investments amounted to SEKm 1,506 (1,165) of which SEKm 881 (1,039) were new constructions, extensions and reconstructions.
• The Board proposes a dividend of SEK 3.60 (3.50) per share, corresponding to an increase of 3%.

The net leasing during the year amounted to SEKm 36 (–37) of which SEKm 23 during the fourth quarter. The gross leasing during the year were SEKm 257 (251), of which SEKm 46 (31) were leasing on new constructions, extensions and reconstructions. Notices of termination amounted to SEKm 221 (288), of which bankruptcies were SEKm 12 (31).

"The improved demand on all Castellum's property markets has resulted in an increase in the net leasing during the fourth quarter. The real estate market has been further strengthened, with increased liquidity and higher real estate prices as a result" comments CEO Håkan Hellström. "Even if Castellum did not reach the growth target, the highest income from property management ever is accounted for. This has made it possible to propose an increased dividend to the shareholders" adds Hellström.

Enclosure: Year-end Report 2010

For further information, please contact Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56 Ulrika Danielsson, Finance Director, phone +46 31 60 74 00 / mobile +46 706-47 12 61

www.castellum.se

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 32 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of approx 3.3 thousand sq.m. The real estate portfolio is owned and managed by six wholly owned subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Mälardalen and Eastern Götaland.

Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.

Castellum AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.