Näckebro sells property

12/23/1997 6:00 AM EST

for SEK 211 M and buys from Realia and Columna
respectively for SEK 195 M

Näckebro sells all its properties in Sundsvall to Realia and in exchange
acquires the site-leasehold right to Varuhissen 1 in Stockholm. Näckebro sells
a further two properties in Stockholm and Borås respectively.

Barter transaction with Realia Fastighets AB and Columna Fastigheter AB

Näckebro is selling all its Sundsvall properties for a total of SEK 180 M.
This sum includes the residential properties in the subsidiary Pewa, totalling
about 21,500 sq m, and the site-leasehold right to Lagret 4 which comprises
some 8,500 sq m of office and storage space. Realia is providing part payment
in the form of a new issue of B shares valued at SEK 50 M.

Näckebro is acquiring from Realia the site-leasehold right to Varuhissen 1 in
Stockholm for SEK 178 M. The property totals some 15,000 sq m and is mostly
office accommodation. The address is Upplagsvägen 1-5 in Årsta.

The sale of the Sundsvall properties to Realia will result in a capital loss
to Näckebro of SEK 36 M.

Näckebro is selling the entire new issue of Realia shares to Columna and will
receive in part payment 105,000 A shares in Fabege AB valued at SEK 8.8 M, as
well as the office property Sjökatten 14 in Stockholm which is valued at SEK
17.7 M. The property comprises approx. 1,300 sq m and is situated in
Kungstensgatan 35.

Other sales
Näckebro is selling the property Palamedes 1 in Gamla Stan, Stockholm, to
Kastellholmen Fastighetsutveckling AB for SEK 21 M. The property is currently
unoccupied in principle, and will be completely renovated.

Näckebro is selling the property Pomona 7 in Borås to Wäst-Bygg AB for SEK
10.5 M. The property comprises some 1,500 sq m and consists mainly of retail
outlets.

The sales of Palamedes and Pomona will generate a capital gain of SEK 10 M.

All in all, in 1997 Näckebro disposed of non-strategic properties in Sweden
and other countries for SEK 960 M. The sales will result in a loss of SEK 16
M.

For further information, please contact:

Lennart Schönning, Chief Executive, Näckebro, tel.: +46-(0)8-412 19 01,
mobile: 070-645 02 50

Näckebro is an innovative property company characterised by an active property
development programme, a modern organisational philosophy and an open
information policy. Näckebro's stock is all high-grade and presently
concentrated to office and residential properties in Stockholm, Malmö,
Gothenburg and London. With the acquisition of Fabege, the property portfolio
comprises about 1.4 million sq m of space at a book value of approx. SEK
13,000 M. Näckebro is listed on Stockholm Stock Exchange's O list.