Interim Report January - September 2003

Interim Report 1 January - 30 September 2003 · Net sales totalled SEK 5,563m (6,571) and profit for the period amounted to SEK 209m (460) · Profit after financial items amounted to SEK 300m (646). · Property sales of SEK 2,116m (1,692) generated capital gains of SEK 400m (270), of which SEK 97m (270) is included in profit from project development. · A deal where office properties were exchanged for residential properties in Stockholm was completed through acquisition of a residential portfolio in Vaxholm comprising approximately 1,100 units. · The number of residential units sold during the period rose to 2,007 (1,825). · Profit from project development amounted to SEK 166m (724). The project development margin for the past 12 months amounted to -1.3% (12.4). · Over the past 12 months, return on equity amounted to 0% (18) and earnings per share amounted to SEK 0 (22). Additional information For additional information, please contact: Johan Skoglund, President and CEO +46 8 782 89 39 Claes Magnus Åkesson, CFO +46 8 782 89 71 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00620/wkr0001.doc Hela rapporten http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00620/wkr0002.pdf Hela rapporten

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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