CASTELLUM AB UNSP/ADR - CWQXY STOCK NEWS

Castellum Aktiebolag will hold its Annual General Meeting on March 23, 2023, at 5 p.m. CET in Stockholm. Shareholders can attend in person, via proxy, or use postal voting. Registration as a shareholder must be completed by March 15, 2023. Key agenda items include the election of board members, approval of the remuneration report, and proposals for new share issues to strengthen financial position. Notably, the board proposes no dividend distribution and a capital reduction through cancellation of own shares worth SEK 8,665,500. The meeting will also address amendments to the Articles of Association and the appointment of Deloitte as auditor.

The Nomination Committee of Castellum has proposed Louise Richnau and Ann-Louise Lökholm-Klasson as new members of the Board of Directors. Current board members Per Berggren, Anna-Karin Celsing, Henrik Käll, Joacim Sjöberg, and Leiv Synnes are recommended for re-election. Richnau has 30 years of experience in the real estate sector, while Lökholm-Klasson has been CEO of Sweco Sverige AB since 2018, bringing expertise in engineering and architecture. Castellum operates in the Nordic region with a property value of approximately SEK 181 billion and aims for climate neutrality by 2030.

Castellum has been recognized for the seventh year in a row in the Sustainability Yearbook, ranking first in the Nordic region and fifth globally among property companies. The Yearbook, produced by S&P Global, evaluated 7,544 companies across various industries. Castellum's commitment to sustainability includes a target of achieving net-zero carbon emissions by 2030, with new projects mandated to reduce climate impact by 30% starting in 2023. The company has conducted climate risk analyses for its properties, aiming for zero workplace injuries. This recognition underscores Castellum's strategy and the increasing interest in sustainable investments.

Anna Kinberg Batra has resigned from Castellum's Board of Directors effective immediately to take on the role of Governor of Stockholm. She was elected to the board during the 2021 Annual General Meeting. Per Berggren, the Chairman, expressed gratitude for her contributions to the company. Castellum, one of the largest listed property firms in the Nordic region, has a property value of approximately SEK 186 billion as of September 30, 2022, and aims for climate neutrality by 2030.

Castellum will publish its year-end report 2022 on February 13, 2023, at 8:00 a.m. (CET). A live presentation will follow at 10:00 a.m. (CET), featuring acting CEO Joacim Sjöberg and Head of Treasury Jens Andersson discussing the results. The report can be accessed on their website at the same time. Webcast participation is available, allowing attendees to pose written questions. Teleconference registration is required for verbal inquiries. Castellum aims for climate neutrality by 2030 and has a property value of approximately SEK 186 billion.

The Board of Directors of Castellum has appointed Joacim Sjöberg as acting CEO during the search for a new permanent CEO. Sjöberg, a board member since 2020, brings valuable knowledge of the company and industry. The Chairman of the Board, Per Berggren, expressed confidence in Sjöberg's leadership during this transition. The previous CEO, Rutger Arnhult, is exempt from work for the remainder of his notice period. Castellum, a major property company in the Nordic region, aims for climate neutrality by 2030 and has a property value of approximately SEK 186 billion.

Castellum has completed the divestment of a commercial property portfolio consisting of five properties, achieving a sale price of approximately SEK 219 M, in line with book value. Additionally, Castellum signed conditional agreements for a further SEK 1.8 billion. This sale is part of a strategy to streamline its portfolio following its acquisition of Kungsleden. Over the autumn, Castellum has sold properties worth around SEK 2.2 billion and signed agreements for an additional SEK 1.8 billion, totaling about SEK 4 billion in divestments.

Castellum has divested properties Marievik 27 and Marievik 30 to AMF Fastigheter for SEK 962 million, with SEK 80 million to be paid upon the legal binding of the new development plan. The transaction reflects a property value aligned with the book value, including a market deduction for deferred tax. The total leasable area is 11,620 sq. m, housing tenants like AFRY and Leica with an economic occupancy rate of 98%. The transaction is set to close on April 3, 2023.

Castellum is divesting a nearly completed property worth SEK 510 M to Vacse, housing the Swedish National Courts Administration in Jönköping. The building spans 9,200 sq. m. and boasts a 100% occupancy rate. Scheduled for occupancy in spring 2023, it aims for Miljöbyggnad Gold certification and features sustainable elements like rooftop solar cells. This divestment enhances Castellum's liquidity, contributing positively to its financial standing going forward. Closing is expected on May 1, 2023.