The Tax Agency is applying for leave to appeal

The Tax Agency is applying to the Supreme Administrative Court for leave to appeal against the Administrative Court of Appeal’s judgment in favour of Klövern concerning a case concerning a tax surcharge of SEK 493 million.

According to the earlier judgment at the Administrative Court of Appeal, a tax surcharge cannot be imposed since no consideration of the substance of the matter took place after Klövern withdrew its request for an additional deduction. The tax surcharge, which was also previously quashed by the County Administrative Court, was imposed on Klövern in spring 2006, despite Klövern having withdrawn its request for reconsideration of the tax assessment and the Tax Agency having concluded consideration of the matter.

If the Supreme Administrative Court does not grant leave to appeal, or if Klövern also wins at the Supreme Administrative Court, the issue of the tax supplement of SEK 493 million will be finally quashed.

“We are not surprised that the Tax Agency is appealing even though we think that it is a waste, not just of Klövern’s time and money, but also of the Tax Agency’s time and taxpayers’ money. Should the Supreme Administrative Court grant leave to appeal, we are confident of winning in this court as well”, says Gustaf Hermelin, Klövern’s CEO.

The background is that Klövern asked in December 2003 for the tax assessment for 2003 to be reconsidered and openly requested an additional deduction of SEK 4,933m for a loss. This loss related to the sale of a subsidiary that took place when the company was an IT company.

A renewed request for a deduction for the loss of SEK 4,933m was previously submitted. The Tax Agency and the County Administrative Court have not approved the deduction, although no new tax surcharge was imposed. The issue of deduction is at present being considered by the Administrative Court of Appeal. This proceeding is separate from the matter of a tax surcharge.

Nyköping, 9 April 2010

Klövern AB (publ)

For further information, please contact:

Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00, gustaf.hermelin@klovern.se

Caesar Åfors, CFO and Deputy CEO, tel +46 155-44 33 02, +46 70-662 48 48, caesar.afors@klovern.se

Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33 12, +46 70-224 29 35, britt-marie.einar@klovern.se

Klövern is a real estate company committed to working closely with customers to meet their needs of premises and services in Swedish growth regions. Klövern has business units in ten cities: Borås, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås and Örebro. As at 31 December, the value of the properties totalled approximately SEK 12 billion and the rental income on an annual basis was SEK 1.4 billion. The Klövern share is listed on Nasdaq OMX Nordic Exchange in Stockholm for medium-sized companies.

Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46 155-44 33 00, Fax +46 155-44 33 22. Corporate registration no. 556482-5833. Registered office: Nyköping. Website: kelly.corem.se