,
held today, Christer Bergquist, Björn Edgren, Claes Hedberg and Kjell
Sjöström were elected as new members of the Board, while Göran Westling
was re-elected to the Board. In addition, Peter Nilsson was elected as a
new deputy member. At the statutory Board meeting, Björn Edgren was
elected Chairman of the Board.

The Company's Articles of Association were extended by the addition of
provisions enabling the Company to sell properties and manage liquid as-
sets, as well as to develop activities in the telecom field, within wholly
owned subsidiaries and affiliated companies.

The meeting further voted to authorize the Board to buy back shares repre-
senting up to a maximum of ten per cent of the total number of shares out-
standing.

Stockholm, 14 August, 2000
COLUMNA FASTIGHETER AB (publ.)

If you have any questions, please contact:

Christer Bergquist, Managing Director