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2016-08-31

Telefonplan Property: Telefonplan Stockholm Property Report for the period January 1 - June 30, 2016

TELEFONPLAN STOCKHOLM PROPERTY REPORT FOR THE PERIOD JANUARY 1 - JUNE 30, 2016

JANUARY 1 - JUNE 30, 2016 COMPARED WITH THE SAME PERIOD IN 2015
The Groups net revenue amounted to SEK 5,149 thousand (2,983)
The operating net amounted to SEK 64 thousand (loss: 2,624)
Property management net (EBITDA) amounted to a loss of SEK 5,480 thousand (loss: 6,611)
The loss after tax was SEK 37,400 thousand (loss: 30,469)

SIGNIFICANT EVENTS AND COMMENTS ON PERFORMANCE
Development planning is in progress in collaboration with White Arkitekter for the Timotejen 19 and 28 properties. On September 1, 2014, the company submitted the complete documentation for consultation to the City of Stockholm. In February 2015, the Swedish Armed Forces gave notice that construction of the Timotejen 17 property, adjacent to the Timotejen 28 property owned by the SSM Group, was not permitted at the proposed location. The plan for the Timotejen 17 property comprises a 237-meter high building with 75 floors and falls within the scope of the same detailed development plan as the Timotejen 19 and 28 properties. The decision of the Swedish Armed Forces is irrevocable and will impact the ongoing detailed development plan process in respect of when it can be approved. In September 2015, the Air Navigation Services Provider of Sweden (LFV) announced that all heights over 80 meters above sea level cause conflict with the radar facility at Bällsta radar tower. The radar tower has been shut down for several years and not comprised any hindrance for currently approved detailed development plans. Therefore, the total heights for Timotejen 19 and 28 have been adjusted and calculations are ongoing with the aim of investigating any lost development rights in terms of space.
The Internationella Engelska Skolan continues to increase the size of its establishment at Telefonplan in the Timotejen 19 property. In August 2015, the school took possession of an additional 2,700 square meters of space and, accordingly, leases a total of approximately 6,250 square meters, which will be increased by an additional 1,200 square meters from 2016.

During the reporting period (January 1- June 30, 2016)
The new date stipulated for when the City of Stockholm can be expected to adopt the detailed development plan for Timotejen 19 and 28 has been set for September 2016 and for the plan to enter legal force in October 2016.
In a press release published on February 22, 2016, Telefonplan Stockholm Property AB (publ) announced that a process had been initiated to explore the possibility of obtaining additional financing to further strengthen the companys financial capacity in relation to its strategic real estate investments in the properties.
On April 14, 2016, the companys existing bond loan was extended by 12 months and matures on May 23, 2017. The same bond loan was increased by SEK 50 million to a total of SEK 300 million. The extension of the existing bond loan was carried out with unchanged terms and the increase of SEK 50 million was issued subject to the same terms and conditions.

FORTHCOMING INFORMATION DATES
Interim report, third quarter of 2016 November 30, 2016
Year-end report for 2016 February 28, 2017
Annual Report March 10, 2017
Annual General Meeting March 31, 2017

The full report is attached.

Stockholm August 31, 2016

On behalf of The Board
Curt Ahnström, CEO

For further information, please contact:
Curt Ahnström, CEO
Telephone: +46 (0)708 186 770
E-mail: curt.ahnstrom@scanprop.com mailto:curt.ahnstrom@scanprop.com

The following documents can be retrieved from beQuoted
Telefonplan Property Interim Report Q2 2016.pdf - http://www.bequoted.com/beQPress/download.asp?Id=18642

ABOUT TELEFONPLAN STOCKHOLM PROPERTY AB (PUBL)
Within the Group, Telefonplan Stockholm Property AB (publ) owns the two properties, Timotejen 19 and Timotejen 28 at Telefonplan in Stockholm, where the telecom company Ericsson previously had operations. Telefonplan Property now adds value to properties in accordance with the objectives of the City of Stockholm in a development planning effort aimed at making the area into a vibrant city district with offices and housing that are well integrated with Central Stockholm. Telefonplan Stockholm Property AB (publ) has initiated a process to have the properties reclassified as residential properties. Telefonplan Stockholm Property AB (publ) is a wholly owned subsidiary of Telefonplan Stockholm AB, which in turn is a wholly Telefonplan Stockholm Property AB (publ) Corp. Reg. No. 556708-3588 Page 6 of 12 owned subsidiary of Scanprop KB, a private venture capital company founded in 2011 with a focus on strategic investment in the property sector. Telefonplan Stockholm Property AB (publ) has issued the TELEFONPLAN1 bond, which is listed on Nasdaq First North Bond Market, with Wildeco as the Certified Advisor.

This information is information that Telefonplan Stockholm Property AB (publ) s obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at August 31,2016 CET on 0800.

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