Building start for Presse park - new single-family home development in Kungsbacka

Building start for Presse park - new single-family home development in Kungsbacka On the eastern side of the Onsala peninsula, not far from the banks of Kungsbacka fjord, JM has now started phase one of the Presse park development with 27 detached, single-family homes out of a total of 75. The architects Per Sjöstrand and Ulla Persson at Lund & Vallentin Arkitekter found their inspiration for this area in the rich variety and small-scale buildings of Swedish towns and villages. The development has five different types of house in various heights, colours and design. The largest house, Villa Alhem, has a living space of 131 sq.m. on two floors and the smallest house, Villa Björkhem, is on one floor with living space of 93 sq.m. The first phase will be ready for occupancy in late autumn 2004. For additional information please contact: Ulrika Davidsson, project leader West Region JM AB, telephone +46 31 703 57 13 or Camilla Johansson, salesperson West Region, JM AB, telephone +46 8 703 57 02. Stockholm, 10 December 2003 JM AB Corporate Communications This and earlier press releases are also available at www.jm.se 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 http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/10/20031210BIT00680/wkr0001.doc http://www.waymaker.net/bitonline/2003/12/10/20031210BIT00680/wkr0002.pdf

About Us

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.

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