JM builds a second phase in Hagalid, Staffanstorp

JM builds a second phase in Hagalid, Staffanstorp In June the first families moved into the new Hagalid housing area in Staffanstorp, outside Lund. At the same time JM is starting production of phase 2 comprising 24 single-family homes. This is the second of a total of six planned phases. Phase 1 with 21 single-family homes is sold out and interest in the houses is considerable. The project now starting comprises bungalows and two-storey houses, where the bungalows are 125 sq.m. and the two-storey houses 133 sq.m. All houses will be sold freehold and have storerooms, gardens and patios in a south/west position. A park meadow has also been completed in the centre of the Hagalid area in order to preserve ancient monuments and provide a green space. Occupancy is expected to start in summer 2005. For additional information please contact: Jonas Håkansson, Head of South Region, JM AB, telephone +46 46 30 01 34 or Anna Hultén, Sales South Region, JM AB, telephone +46 46 30 01 73. Stockholm, 24 June 2004 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 2,200 employees in Sweden, Norway, Denmark and Belgium and annual sales of approximately SEK 8 billion. The company is Sweden's leading housing developer, and the core business is project development of residential property and, to a selective extent, commercial premises in central areas of growth markets. JM's operations are characterised by a broad 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/2004/06/24/20041012BIT21360/wkr0001.pdf Pdf

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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.

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