Borätt building in Farsta Strand close to the Magelungen lake

Borätt building in Farsta Strand close to the Magelungen lake JM's subsidiary AB Borätt has now started constructing 21 residential units in Farsta Strand. The project comprises two buildings on high ground where several apartments will have a view over the tree tops. The architects, Bergkrantz, have designed the buildings with an emphasis on open living space and comfort. The buildings are rendered in a pale colour and placed at an angle to each other to create a courtyard. Occupancy is scheduled for the end of 2004. For additional information please contact: Martin Arkad, project leader JM AB, telephone +46 8 78288 07. Stockholm, 19 December 2003 JM AB Corporate Communications This and earlier press releases are also available at JM AB is a public limited company listed on the Stockholm Stock Exchange. JM has around 2,700 employees in Sweden, Norway, Denmark and Belgium, and sales in 2002 amounted to approximately SEK 9 billion. The company is Sweden's leading housing developer, and the core business is project development of residential and commercial properties in central areas of growth markets. JM's operations are characterised by a focus on quality and the environment. ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM seeks to promote long-term quality and environmental considerations in all its operations. Annual sales total approximately SEK 17 billion and the company has about 2,500 employees. JM is a public limited company listed on NASDAQ OMX Stockholm, in the Large Cap segment.