Castellum — M&A Activity 2021

Oct 19, 2021

Press release Gothenburg, 19 October 2021

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, any jurisdiction (including without limitation Australia, Hong Kong, Japan, New Zealand, South Africa or the United States) in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see section entitled "Important information" and "Special notice to shareholders in the United States" below.

Castellum Aktiebolag publishes a supplement to the offer document regarding its recommended public offer to the shareholders of Kungsleden Aktiebolag

On 2 August 2021, Castellum Aktiebolag ("Castellum") announced a recommended public offer to the shareholders of Kungsleden Aktiebolag ("Kungsleden") to acquire all shares in Kungsleden (the "Offer"). An offer document was made public on 29 September 2021 (the "Offer Document").

On 19 October 2021, Castellum and Kungsleden published their interim reports for the period 1 January 2021 – 30 September 2021. On account thereof, Castellum has prepared a supplement to the Offer Document (the "Supplement"), which includes the interim reports. The Supplement has today been approved and registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). The Supplement has been made public and is, together with the Offer Document and the acceptance form, available on Castellum's website (www.castellum.se) and on the website of Nordea Bank Abp, filial i Sverige ("Nordea") (www.nordea.se/aktier).

The Supplement shall at all times be read together with, and as an integrated part of, the Offer Document which was approved and published on 29 September 2021.

For further information, please contact:

Rutger Arnhult, chairman

Phone: +46 70 458 24 70

Josefine Wikman, IR Coordinator

Phone: +46 73 942 09 16, E-mail: josefine.wikman@castellum.se

Information about the Offer:

About Castellum

Castellum is one of the largest listed property companies in Sweden with a property value of approximately SEK 165 billion, including our part in Norwegian Entra ASA. We are located in attractive growth regions in Sweden, as well as Copenhagen and the Helsinki area. 250,000 people go to work every day in our properties. We develop flexible workplaces and smart logistics solutions with a lettable area of 3.9 million square metres. One of our sustainability goals is to become entirely climate neutral by 2030. Castellum is the only Nordic property and construction company elected to the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on Nasdaq Stockholm Large Cap.

Beyond expectations. www.castellum.se