Houses for senior citizens at Hisingen in Gothenburg

Houses for senior citizens at Hisingen in Gothenburg JM's subsidiary Seniorgården has started construction of houses for senior citizens in the Tuve district of Hisingen in Gothenburg. Seniorgården is building 19 bungalows close to amenities at Tuve Torg and with good transport services to central Gothenburg. Two types of house are being built, one with 3 rooms and kitchen with a living space of 92 sq.m. and a larger one with 4 rooms and kitchen which is 102 sq.m. Both houses have windows on all four sides, which provides varying light during the day. Both houses have sheltered patios. Occupancy is scheduled for autumn 2004. For additional information please contact: Joakim Gralén, project leader West Region JM AB, telephone +46 31-703 57 30 or Camilla Johansson, sales representative West Region, JM AB, telephone +46 3170357 02. 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.