23 November 2006, Sweden, Stockholm

Diligentia AB sells Sturegallerian

Translation of Press Release from Diligentia

Diligentia AB has today reached an agreement regarding the sale of all shares in Sturegallerian AB to Tamweelview European Holdings S.A, an institutional client to AXA REIM

Sturegallerian AB owns the Sperlingens Backe 27 and 56 properties and the Sperlingens Backe 55 site leasehold property at Stureplan in Stockholm.

The properties and the site leasehold property that are owned by Sturegallerian AB comprise in total approx. 60,000 sq.m. of lettable area, excluding garages, of which approx. 37,000 sq.m. comprises offices and approx. 13,000 sq.m. comprises stores in the Sturegallerian mall, the Sturebadet pool and spa, as well as the Sturehof, Sturecompagniet and Tures restaurants.

The purchase price for the shares is based on an underlying value of the properties and the site leasehold property of approximately SEK 4 billion.

The shares in Sturegallerian AB will vest in the purchaser on 15 December 2006.

Per Uhlén
President, Diligentia AB, Tel. +46 8788 26 28 or +46 70-418 26 28

For more information, please contact:
Bo Jansson, Property Manager, Shopping Centres,
+46 8-788 23 11, +46 70-590 84 42,
bo.jansson@diligentia.se.

Johan Denell, Head of Analysis and Transactions,
+46 8-788 24 95, +46 70-689 24 95,
johan.denell@diligentia.se