JM proposes change of auditors

JM proposes change of auditors JM's Board of Directors, in co-operation with JM's Nomination Committee, has completed auditor procurement procedures. Following a thorough procurement process, the Board has recommended the Nomination Committee to propose that the Annual General Meeting to be held on 28 April appoints Ernst & Young as the company's auditors. The Nomination Committee supports the Board's recommendation. For additional information please contact: Claes Magnus Åkesson, CFO, JM AB, +46 8 782 89 71. Stockholm, 27 February 2004 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 2,400 employees in Sweden, Norway, Denmark and Belgium, and sales in 2003 amounted to approximately SEK 8 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:

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.