SUMMARY Q1 2016

SUSANN LINDECFO AND HEAD OF INVESTOR RELATIONS

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> Construction started of 275 apartments

> Demolition started in the area of the future urban development projectKallebäcks Terrasser

> Won the Kundkristallen (Customer Crystal) for the ”biggest boost in the service index” category

IMPORTANT EVENTS

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NEW CONSTRUCTIONSCOMPLETED IN Q1

> 122 rental apartments

FÖLJA BERG,NACKA

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> 112 rental apartments

VÅGMÄSTAREN,GOTHENBURG

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NEW CONSTRUCTIONSSTARTED IN Q1

> 170 co-op apartments> Estimated completion

2018> Our second project in the

district Solberga, located between Älvsjö and Telefonplan

ORANGERIET SOLBERGA,STOCKHOLM

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> 88 rental apartments> Estimated completion

2017> Phase 2 in Gothenburg

STALLBACKEN NIVÅ 2,MÖLNDAL

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NEW CONSTRUCTIONS IN PROGRESS

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PLANNED CONSTRUCTION STARTS

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FINANCIALINFORMATION

CONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOME

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+11 %

INCOME FROM PROPERTY MANAGEMENT,FROM NEW CONSTRUCTION**

0

10

20

30

40

50

60

70

80

2008 2009 2010 2011 2012 2013 2014 2015 2016*

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SEK million

**New constructionstarted 2008 and later

* Latest twelve-month period

CONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOME

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CONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOME

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NEW CONSTRUCTIONCREATES VALUE

70%of unrealized changes in value

come from our own work in new construction projects

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VALUE GROWTH IN NEW CONSTRUCTION

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0

300

600

900

1 200

1 500

1 800

2012 2013 2014 2015 2016*

Investment costValuation24%

44%

39%

24%

26%

SEK million

* First three months 2016

CONSOLIDATED STATEMENT OF FINANCIAL POSITION, CONDENSED

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CONSOLIDATED STATEMENT OF FINANCIAL POSITION, CONDENSED

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STRONG FINANCIAL POSITION

0102030405060

2012 2013 2014 2015 2016*

Equity/asset ratio, %

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0102030405060

2012 2013 2014 2015 2016*

Loan-to-value ratio, %

GOAL BUSINESS PLAN 2018

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LIQUIDITY IN THE SHARE INCREASING

0

5 000

10 000

15 000

20 000

25 000

30 000

2012 2013 2014 2015 2016*

Average share turnover per day

23* First three months 2016

SEK, thousands

ÖÖÖÖÖÖÖÖÖKEY RATIOSQ1 2016 Q1 2015

Surplus ratio, (NOI margin), % 71 71

ICR, realized, times 6.5 4.8

Average interest rate, closing day, % 2.15 2.36

LTV, % 45 49

Equity/asset ratio, % 43 40

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> Effect from our new construction

> Strong financial position> Higher liquidity in our

share

SUMMARY

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QUESTIONSWELCOME

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