Annual Report 2000 Contents Castellum 2000 1 Chief Executive Officer’s Comments 2 Directors’ Report Operations 4 Castellum’s Real Estate Portfolio 10 Greater Gothenburg 14 Öresund Region 18 Greater Stockholm 22 Western Småland 26 Mälardalen 30 Development Projects and Building Permissions 34 Valuation Model and Net Asset Value 42 Environment 44 Board of Directors, Auditors and Senior Executives 48 The Castellum Share 51 Financial Review 54 Opportunities and Risks 63 Key Ratios and Comparison Annual General Meeting with Recent Years 64 Castellum AB’s Annual General Meeting will take place on Thursday March 22nd 2001 at 17.00 in the Stenhammar Room, the Gothenburg Concert Hall, Götaplatsen in Gothenburg. Shareholders wishing to participate at the meeting must be registered in the register of Income Statement 66 shareholders kept by VPC AB (“VPC”) [Swedish Securities Register Centre] on Monday March 12th 2001. Balance Sheet 67 Applications to participate at the meeting must be made to Castellum AB no later than Friday March 16th 2001 at 16.00, either in writing, by phone to +46 (0)31-60 74 00, by fax Cash Flow Statement 68 to +46 (0)31-13 17 55 or by e-mail to
[email protected]. When applying, state name, Notes and personal ID/corporate identity number, address and phone number. Accounting Principles 69 Shareholders who have nominee registered shares must temporarily have the shares registered in their own name at VPC AB if they are to be entitled to participate at the AGM. Proposed Appropriation Such registration must be completed by Monday March 12th 2001.