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Anders Jarl, CEO Wihlborgs Fastigheter Presentation Q3 Thursday 27 October , 2011

Anders Jarl, CEO Wihlborgs Fastigheter Presentation Q3 Thursday 27 October , 2011. A strong quarterly report, Q3 2011. Jul-Sep 2011 Jul-Sep 2010 Rental income 365 318 +15% Operating surplus 274 237 +16% Income property management 176 158 +11% Change in value properties 190 191

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Anders Jarl, CEO Wihlborgs Fastigheter Presentation Q3 Thursday 27 October , 2011

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  1. Anders Jarl, CEOWihlborgs Fastigheter Presentation Q3 Thursday27 October, 2011

  2. A strong quarterly report, Q3 2011 Jul-Sep 2011 Jul-Sep 2010 Rentalincome 365 318 +15% Operating surplus 274 237 +16% Incomeproperty management 176 158 +11% Change in valueproperties 190 191 ” derivatives -217 15 Pre-tax profit 149 364

  3. A strong quarterly report, Jan-Sep 2011 2011 2010 Rentalincome 1,092 957 +14% Operating surplus 799 689 +16% Incomeproperty management 511 460 +11% Change in valueproperties 343 319 ” derivatives -207 -61 Pre-tax profit 647 718

  4. Forecast full-year 2011 Incomeproperty management SEKm > 645 2010 SEKm 604 ↓ per cent > 7

  5. Incomeproperty management 2005-2011 SEKm

  6. Performance

  7. Market situation • Malmö:Stabledemand • Helsingborg:Stabledemand • Lund:Vacancies > 15 per cent • Copenhagen:No employmentgrowth

  8. Wihlborgs’ property portfolio

  9. Continued strong rental market

  10. Net rental surplus 2007-2011

  11. Rentalgrowth the entireproperty stock

  12. Rentalgrowth like for like offices

  13. Wihlborgs’ ten largesttenants City of Malmö City of Helsingborg Customs Service (Tullverket) Comfort Hotel EliteHotels Försäkringskassan(Regional Social Insurance Office) Kockums Malmö University Skåne Regional Council TeliaSonera 21 per cent of rentalincome

  14. Wihlborgs’ offices ¹ excl. property management administration

  15. Wihlborgs’ industry/warehouse ¹ excl. property management administration

  16. Wihlborgs’ entireproperty stock ¹ excl. property management administration

  17. Change in bookvalueofproperties

  18. Project investments January-September 2011 SEKm

  19. Wihlborgs per 30-09-2011

  20. Consolidatedincomestatement

  21. Consolidatedbalancesheet

  22. Key figures

  23. Derivatives portfolio 30 September Can be closed quarterly ” March2012 April 2012 May 2012 January2013 August 2014 Threshold 4.75Discount 1,18 % Interest 1, % 3.95 3.83 1.25 1.64 2.33 1.151) 1.96 2.703.07 Interest 2, % 3.95 3.83 2.63 2.66 2.33 2.58 1.96 End date 2021 2021 2026 2026 2026 2027 2021202120212013 Amount, SEKm Closableswaps 1,000 500 500 500 500 500 1 000Interest rate swaps 2,000Thresholdswaps 1,000Yieldcurveswaps500 1 Current interest rate paid. 2 Interest rate paid after year 1. 1) Starts January2012

  24. Valuederivatives 30 sep 2011 Closableswaps -197 SEKm Threshold swap -55 10-years swaps -48 Yieldcurveswaps 8 Total -292 SEKm Value 31/12 2010 - 85 Net January-September -207 SEKm

  25. Interestmaturities 30 September 2011 The average fixed-interest term was 62 months.

  26. Loanmaturities 30 September 2011 The average capital lock-in period was 4.6 years.

  27. 38.5 % foreignshareholders Wihlborgs’ largestshareholders 30 September 2011

  28. Lund – Landsdomaren 6 • Lettable area 30,000 m2 • Estimated investment SEKm 730 • Completed Q3, 2013

  29. Landsdomaren 6 – year 2013

  30. Malmö – Media Evolution City • Lettable area 7,500 m2 • Estimated investment SEKm 193 • Initial yield 7.0 per cent • CompletedQ1 2012

  31. The construction of MEC is sooncompleted

  32. Malmö – the Fören projectbegins • Lettable area 9,300 m2 • Estimated investment SEKm 263 • Initial yield 7.5 per cent • Completed Q1 2013

  33. The Fören projectbegins (Gängtappen 2)

  34. Hotel at Dockan waiting for start of construction.

  35. Helsingborg – New building Rubinen 1 • Lettable area 8,500 m2 • Estimated investment SEKm 74 • Initial yield9 per cent • CompletedQ3 2012

  36. New building Rubinen 1

  37. Helsingborg – New building Kroksabeln 20 • Lettable area 4,400 m2 • Estimated investment SEKm 50 • Initial yield 8.5 per cent • CompletedQ3 2012

  38. New building Kroksabeln 20

  39. Knutpunkten …

  40. … will be developed

  41. Summary Q3 2011 • Continued positive net letting • Increased operating surplus SEKm 799 (689) • Increasedincome from property management SEKm 511 (460) • Negative valuation of derivatives • Strong key figures

  42. Outlook for 2011 • Stabilisinginterestcosts • Project portfolio continues to grow • Wehave power for development and acquisitions • For the whole of 2011 income from property management is expected to exceed SEK 645 million

  43. Wherejobsatisfaction is key

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