Extraordinay shareholders' meeting of Tornet

12/29/2003 3:33 AM EST

Extraordinary shareholders' meeting of Tornet

Due to the changes in ownership that have taken place in Tornet, through
which Tornet has a new main owner, Tornet's board has decided to resign
and intends to call an extraordinary shareholders' meeting to elect a
new board. The nominations committee notified by the board consists of
Lars Gårdö, the current chairman of the board, Arne Karlsson, managing
director of Ratos AB, and John Örtengren, nominated by the Swedish
Shareholders' Association. The announcement of the extraordinary
shareholders meeting is expected to be published on 15 January 2004 and
the meeting take place on 30 January 2004.

Danderyd, 29 December 2003

Fastighets AB Tornet (publ)

For further information, please contact:
Lars Gårdö, Chairman of the Board, Fastighets AB Tornet, +46-705 250694
Sverker Lerheden, Managing Director, Fastighets AB Tornet, +46-8 544 905 00

Fastighets AB Tornet is one of Sweden's major listed property companies.
Its Swedish holding has a lettable area of around 2.8 million square
metres and a book value of over SEK 19 billion. Almost 97 per cent of
the property holdings, measured as book value, are in Sweden and mainly
concentrated in Sweden's six largest cities and in Norrköping and
Karlstad. The properties are owned and managed by the subsidiaries
ArosTornet, Malmstaden, MälarTornet, SkansTornet and Euro Tower.