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Kungsleden AB: Kungsleden provisions based on the tax rulings announced today

As reported earlier today, Kungsleden was notified of the
Administrative Court of Appeal's rulings on tax cases that Kungsleden
has been involved in. The Administrative Court of Appeal has
concluded that the capital gain arising from divestments made by in
2006 by Kungsleden's affiliated companies in the Netherlands, is
taxable in Sweden.

Kungsleden is contesting the Administrative Court of Appeal's decision
and intends to apply for leave to appeal with the Supreme
Administrative Court. A decision on the leave to appeal is expected
sometime during the next six months.

Kungsleden has decided to, in the fourth quarter, make a provision of
SEK 1,315 million based on these tax rulings. The reason for this is
that the overall risk of a final negative outcome based on the
Administrative Court of Appeal's rulings is assessed at higher than
50 per cent.

The size of the provision that Kungsleden is now making is somewhat
less that the prior assessed maximum amount because higher deductions
have been approved by that Swedish Tax Authority and granted by the
Administrative Court of Appeal.

Based on the rulings, Kungsleden will soon be making a tax payment of
approximately SEK 1,300 million.

Besides the impact on earnings for the year, the current provision
also impacts Kungsleden's financial position and key ratios. The
provision and the property transactions communicated, including the
divestment of the remaining shares in Nordic Modular Group, result on
a pro forma basis as per Q3, 2015, in an equity ratio of 31.2 (38.8)
per cent and an LTV ratio of 63.4 (57.5) per cent.

For more information, please contact:

Anders Kvist, Deputy CEO and CFO Kungsleden | phone +46 8 503 052 11|

Detta pressmeddelande finns tillgängligt på svenska på

Kungsleden AB (publ) discloses the information in this press release
according to the Swedish Securities Markets Act and/or the Swedish
Financial Trading Act. The information was provided for public
release on 16 December 2015 at 12:20 p.m.

Kungsleden's business concept is to own, manage and improve commercial
properties in growth regions in Sweden and to deliver attractive
total returns. Kungsleden's strategies to create value are based on
meeting the premises requirements of customers by managing, improving
and developing properties and planning consents and by optimising the
company's property portfolio. Kungsleden has been quoted on NASDAQ
Stockholm since 1999.


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