Financing programmes

During 2010, Förvaltnings AB Framtiden established two financing programmes on the market. In May 2010, a domestic Certificate Programme was established. The programme has a limit of SEK 3 billion. In August 2010, a domestic Medium Term Note Programme was established. The programme has a limit of SEK 5 billion.

Since autumn 2009, the Group has had a long-term A+ rating with a stable outlook and a short-term rating of A1/K1 from Standard & Poor's. According to the Standard and Poor's credit assessment, the Group has a strong financial position, as does the Group's owner, the City of Gothenburg.

Today the Group has an interest-bearing liability portfolio of approximately SEK 15 billion. Through the different financing programmes the aim is to secure cost-effective financing on those sub-markets that value the Group's credit rating highest.

Certificate Programme

Arranged by:	Nordea
Other dealers:	Danske Bank, SEB, Svenska Handelsbanken and Swedbank
Limit:	SEK 3 billion or the equivalent in EUR
Duration:	Maximum of one year
Other information:	Negative pledge provision
IPA:	Nordea

Medium-Term Note Programme

Arranged by:	Svenska Handelsbanken
Other dealers:	Danske Bank, Nordea, SEB and Swedbank
Limit:	SEK 5 billion or the equivalent in EUR
Duration:	Minimum of one year and a maximum of 15 years
Other information:	Negative pledge provision

Framtiden 556012-6012 Prospect MTN 100827

Förvaltnings AB Framtiden | Box 111, SE-401 21 Göteborg | Visiting address: Åvägen 40 | +46 31 773 75 50 | framtiden(a)framtiden.se

Parent Company in the Framtiden Group, wholly owned by the City of Gothenburg