RNS Number:0762X
Akademiska Hus AB
17 January 2006


Pressrelease January 18, 2006


Increased property values in Akademiska Hus

IFRS
Since January 1, 2005 Akademiska Hus's consolidated accounts have been prepared
according to the International Financial Reporting Standards (IFRS). The most
important change for Akademiska Hus is the IFRS accounting principles related to
reporting assessed fair values of properties and financial instruments in the
balance sheet. For more detailed information regarding the transition to IFRS
see the interim report as at September 30, 2005. Financial instruments have been
assessed to fair value during the year and for 2005 there are no major valuation
effects.

Assessed fair value of the properties
As a result of the new IFRS accounting principles, Akademiska Hus has introduced
new guidelines and a new method for valuing its properties. In line with common
practice in the market, the properties have been valued using the cash flow
method, which is the method used by most of the larger property companies in
Sweden and also the method recommended by SFI / IPD Swedish Property Index. The
previous valuation method was used up to September 30, 2005.

The assessed fair value of the properties as at January 1, 2005 was SEK 38,230
million under the previous valuation method. During 2005 no major new valuation
was made and approximately the same figure was presented in the interim report
as at September 30, 2005. The interim report stated that a new valuation method
was due to be implemented at the end of the year 2005.

At the year-end 2005, the new valuation of Akademiska Hus's properties indicated
an increase of 19 per cent in the value, i.e. an assessed fair value of SEK
45,600 million, including the investments for 2005. The exact figure will be
presented in the year-end report at January 30, 2006.

The significantly higher figure can be explained mainly by the following:

   *Strong general growth in the Swedish property market during 2005.
   *A decrease in the overall estimated maintenance cost, due to investments
    made previously, and therefore a generally higher cash flow and valuation
    level.
   *Increased demand for properties of the kind that is predominantly
    represented in the Akademiska Hus property portfolio i.e. properties with
    mainly public sector tenants and comparatively long lease contracts.
   *In accordance with IFRS, new guidelines and a new method for valuating
    have resulted in a higher accuracy in the valuation process.

As a benchmark, certain of Akademiska Hus's properties have also been valued by
independent external valuers. The result of this process confirms the adequacy
of the valuation parameters and valuation method chosen for properties owned by
Akademiska Hus.
Apart from the above-mentioned increase in assessed fair value and the
consequent effect on the balance sheet and income statement, there are no
material changes in the estimated outcome for the year and consequently the
year-end result can be expected to be in line with previous forecasts.

For further information please contact:

Joakim Ollen, CEO Akademiska Hus
Tel: +46 (0)70-354 24 07
joakim.ollen@akademiskahus.se



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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