1. Catena Annual General Meeting 2008

2. Business concept and objective Own Manage Develop Steadily growing cash flow Good value growth Favorable, long- term total return Leading player Focus: Commercial properties in prime locations in strategic areas

3. Strategy and business focus Actively manage the property portfolio Acquire commercial properties Actively improve and develop the property portfolio Divest properties

4. Portfolio management Properties which provide stable cash flows and which do not need to be developed in the next few years Properties which should be improved or converted Properties which should be divested

5. Catena – a brief overview Catena owns 30 properties In four growth regions in Sweden, Norway and Denmark Book value of SEK 2 479 M Commercial properties in the right location and opportunities for alternative uses Rental value: SEK 190,6 M annually Stable revenues – long-term rental contracts, 100% indexing High occoupancy rate 98.3 per cent

6. Catena – 2007 in brief Rental revenue totalled SEK 179,7 M (177,0) Income from property management amounted to SEK 73,8 M (99,5) Income from property management excluding currency differences amounted to SEK 86,2 M (88,3) Profit after tax was SEK 216,2 M (255,0) Profit per share was SEK 18,70 (22,05) Unrealized changes in value were included in the result at SEK 168,4 M (252,8)

7. Increase in value of the property portfolio January – December, 2007 SEKm Book value at the beginning of the period2,158 Value changes167 Investments in existing portfolio95 Acquisitions24 Currency effect35 Book value at the end of the period2,479

8. Significant events 2007 In February a 15-year lease was signed in Södertälje. Total rental value SEK 75 M Six properties were sold in March for SEK 125 M, with a capital gain of SEK 377 M. A ten-year lease was signed in May with Tidermans Hyrmaskiner at Backaplan in Gothenburg. Total rental value SEK 33 M. In June 2007, a property was acquired in the commercial area Svågertorp in Malmö.

9. Financial targets Key dataTargetDec 31, 2007 Return on equity To exceed the risk-free rate of interest by at least 5 percentage points 23.6% Interest coverage ratioNot less than 1.752.4 Equity/assets ratio25-35%39.6% DividendTo amount to 75% of net income from property management in the long term 114%

10. Significant events 2007 A leasehold agreement was redeemed in Lilleström in October. In October, an Extraordinary General Meeting elected a partly new Board of Directors due to the ownership change that occurred in the company. During the year, investments were made in the existing facilities amounting to SEK 95 M (53). Decisions were made to invest SEK 143 M during 2008. The Board proposes an increase in dividend to sek 5.25 per share (5.00).

11. Catena creates value through development Follo, Norge Upgrading of car facility Completed in November 2007 Investment of SEK 15 M 15-year rental supplement with Bilia

12. Catena creates value through development Almedal, Göteborg Expansion and renovation of body and paint shop Completion in June 2008 Investment of SEK 43 M 15-year rental supplement with Bilia

13. Catena creates value through development Ökern, Oslo Renovation of service workshop and car showroom Completed in December 2007 Investment of SEK 27.5 M Ten-year rental supplement with Bilia

14. Catena creates value through development Drammen, Norge Expansion and renovation of car facility Completion in December 2008 Investment of SEK 71.0 M 15-year rental supplement with Bilia (from January 1, 2009)

15. Catena creates value through acquisition Svågertorp, Malmö Office and workshop with wash bay Built 2006 Investment SEK 28 M Strategy: Rebuild for commercial use

16. Performance according to the strategy Effective management Acquire commercial properties in strategic locations Improve and develop the portfolio Divest properties outside priority markets     Income from property management + 5 per cent Svågertorp, Malmö Investments SEK 95m in 2007 Decided investments SEK 143m in 2008 Six properties for SEK 235m

17. Property portfolio

18. Focus on strategic metropolitan areas Stockholm region Gothenburg region Öresund region Oslo region

19. Stockholm region 9 properties 36% of book value Rental value SEK 67,7 M Average lease period 11,5 years Occupancy rate 96,2% Segeltorp

20. Almedal Göteborg region 10 properties 25% of book value Rental value SEK 48,5 M Average lease period 10,2 years Occupancy rate 100%

21. Öresund region 7 properties 20% of book value Rental value SEK 41,3 M Average lease period 6,7 years, Malmö Average lease period, 4,4 år, Copenhagen Occupancy rate 98,3% Svågertorp

22. Oslo region 4 properties 19% of book value Rental value SEK 33,1 M Average lease period 12,6 years Occupancy rate 100% Ökern

23. Future project Almedal, GöteborgLund Kungsbacka

24. The Catena share went against the flow Catena

25. Ownership structures as of March 31, 2008 Number of shares Voting rights ( %) Endicott Sweden AB (CLS Holdings plc)3,361,00029.1 Erik Selin gruppen2,471,68821.4 Catella fonder1,426,01212.3 Länsförsäkringar fonder588,4005.1 Skandia Liv289,4002.5 Swedbank Robur fonder182,3101.6 Mellon US Tax Exempt Account94,6000.8 Odin Eiendom60,4000.5 Larona AB50,0000.4 CBLDN-Stich Shell Pensioenfonds48,8500.4 Summa tio största aktieägare8,572,66074.1 Övriga aktieägare2,991,84025.9 Totalt11,564,500100.0

26. First quarter – significant events Acquisition of about 11,000 square meters of land in Svågertorp, Malmö Ten-year lease signed with Danish Vestas Investment of SEK 65 M in new offices of 3,600 square meters in Svågertorp commercial area

27. First quarter 2008 - financially Q1 2008 Q1 2007 Rental revenue, SEK M46,146,1 Income from property management, SEK M20,915,2 Change in value, unrealized, SEK M-0,145,4 Change in value of properties, realized, SEK M- 38,0 Profit for the period, SEK M13,585,1 Profit after tax per share, SEK1,177,36

28. Success factors Strategic locations in four metropolitan regions: Stockholm, Gothenburg, Öresund and Oslo Strategic positions that provide favorable opportunities for alternative uses Development potential in existing properties Small, efficient organization with local market presence High degree of customer adaptions and long-term customer relations Long lease agreements

29. Catena Annual General Meeting 2008