JM builds phase two in Sävedalen

JM builds phase two in Sävedalen JM is now starting sales of the second, and final, phase of Ekåsen in Sävedalen. The area is 10 minutes from the centre of Gothenburg and is being developed with semi-detached and terraced houses. The houses are being sold freehold. Single-storey 98 sq.m. and two- storey houses of 132 to 142 sq.m. The two-storey houses have four to five rooms and kitchen with an open-plan design and a straight staircase leading up to the upper floor. All houses have a patio or balcony facing west. The houses are connected to the district heating system with under floor heating on the ground floor and radiators on the upper floor. Each house will have an optic fibre cable enabling future broadband connection. Ready for occupancy in spring 2005. Phase two comprises 15 houses. For additional information please contact: Mia Thörnryd, Sales Representative West Region, JM AB, telephone +46 31 703 57 07 or Johan Burell, Project Manager West Region JM AB, telephone +46 31 703 57 19 Stockholm, 11 February 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 2,700 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/2004/02/11/20040211BIT01100/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/11/20040211BIT01100/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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