Investment Strategy

The Company is acquiring and managing a portfolio of predominantly retail properties in Sweden, Norway and Finland. The Company's investment objective is to provide shareholders with attractive total returns over the medium to long term through dividends and increases in net asset value.

The Company seeks to acquire properties in good locations, with tenants having strong covenants and generating a stable income stream, but which also provide the opportunity for active asset management. It is therefore intended that the majority of assets in the portfolio will have a number of tenancies which the directors of the Company believe will create more asset management opportunities and provide diversified rental income streams. The Company does not intend to acquire properties for purely speculative development.

A key objective for the directors of the Company is to identify assets which provide the opportunity for active asset management and development as they believe that this will produce higher rental income and increased capital values.

The Company intends to keep the retail property markets in Denmark and the Baltic states under review. If any of those markets appear to offer promising opportunities of a type consistent with the Company's investment strategy, those opportunities may be pursued.