Rental income in Wihlborgs increased by 6 percent to 1 236 million (1 168) during calendar year 2009 compared to full year 2008. Net income increased by 536 million to 487 million (-49) during the full year 2009, equivalent to earnings per share of 13.43 SEK (-1.32).

1 January to 31 December 2009 - Net income increased by 536 million to 487 million (-49), equivalent to earnings per share of 13.43 SEK (-1.32) - The Board proposes a dividend of SEK 6.75 (6.50) - Rental income increased by 6 percent to 1 236 million (1 168) - Net operating income increased 7 percent to 888 million (832) - Income from property management increased by 20 percent to 541 million (450).

CEO's statement Despite the

recession in 2009 was again a record year. We have continued good rental, rent increases and project increased our rental revenues by six percent to 1 236 million and increased our net operating income by seven percent to 888 million. Net interest income has improved by 36 million. Taken together, we will have a management performance on 541 million compared with 450 million 2008th Our profit before tax amounted to SEK 623 M compared with minus 187 million 2008th Even in the fourth quarter, we can produce a positive net hiring, 34 M (43) newly issued compared to 33 M (30) have been terminated. During the full year 2009, we signed new contracts at an annual rent of 129 million (138). Redundancies amounted to SEK 108 M (87). Net leasing for 2009 is therefore 21 M (51). Rental rates for investment properties are unchanged 94 percent. Surplus ratio, ie. our operating surplus in relation to rental income, is continued over 70 percent. Our profit after tax amounted to SEK 487 M (-49) as a result of a good operating surplus and an improved net financial items, as we reported positive changes in the value of real estate and derivatives. All of our property portfolio have the rollover valued externally. The market's return has been increased during the year for a number of our properties. Direct return on our properties, excluding project is unchanged at 6.9 percent. Property value amounts to 14.4 billion kronor (13.6). The concentration of our selected sub-markets has continued during the year. 2009 real estate acquisitions amounted to 390 million and sales to 287 million. We acquired in 2009 Kockums headquarters, known as taps, one of Malmo's most famous house. At the end of the year we bought the property where the SVT Malmö move into shipbuilding town, located next to the doll. The funding of SVT-building was made through the sale of 1 250 000 own shares for a total of 160 million. Shares previously acquired at an average price of SEK 98 per share and now were sold at an average price of SEK 128.50 per share. It meant that our solvency strengthened by 0.8 percentage points. The equity ratio amounted to 29.6 percent (29.4) and interest coverage ratio shows 2.7 (2.2). Ratios thus comply with our financial goals. Our debt amounts to 8.8 billion (8.3) and the average rate at year-end 3.01 (5.02) including the effects of derivative instruments utilized. Wihlborgs tax burden is low and the current tax rate is 8 million, which is due to tax depreciation on property holdings, direct deduction of some rebuilding and selling of properties in the corporate form. The tax in question has arisen in companies where Wihlborgs not been able to group. Our investment in housing stock is large and we have invested 763 million in 2009. We continue to expand the doll in Malma and Region Skane move into their new offices for the summer.