At an ordinary Board meeting of Fabege AB (publ) on 28 November the Directors produced a dividend proposal for 2006 and made decisions relating to Group Management from 1 January 2007. Board proposes dividend of shares of Klövern AB

The Board of Directors intends to propose that the Annual General Meeting on 27 March 2007 decide on a non-cash dividend comprising all of the company’s shares in Klövern AB. Under the proposal shareholders will be entitled to one share in Klövern for every two Fabege shares held. The dividend is worth approximately SEK 13 per share (SEK 7.50 cash dividend).

“A distribution of Fabege’s holding in Klövern to the shareholders would significantly increase the dividend compared with last year while giving our shareholders an opportunity to take part in an interesting development in a property company with a different structure than Fabege”, Erik Paulsson, Fabege’s CEO, comments.

Leadership changes from 1 January 2007

Roger Johansson, currently Administrative Director of Fabege, has been appointed Executive Vice President and Chief Financial Officer as of 1 January 2007.

Anders Hörnqvist, Property Director and Head of Property Management in Fabege, has been appointed Executive Vice President with continued responsibility for property management as of 1 January 2007.

Olle Knaust, currently Executive Vice President and Chief Financial Officer, has decided to step down from his post, but will continue to serve as a consultant to the company during a transition period.

As of 1 January 2007 Fabege’s Group Management will consist of Christian Hermelin, President and CEO, Roger Johansson, CFO, Anders Hörnqvist, Property Director and Mats Berg, Director of Corporate Communications.


Fabege AB (publ)

The Board of Directors