JM sells Byggledaren 1 property to Svenska Bostäder

JM sells Byggledaren 1 property to Svenska Bostäder JM AB is selling Byggledaren 1 on Liljeholmskajen in Stockholm. Production of 134 apartments is in progress in the property. The sale includes completion of the project by September 2004. The sale will have no earnings impact in 2003. "Once it is fully developed Liljeholmskajen/Årstadal will contain some 2,500 residential units. We are in favour of the new district having a mix of owned and rented homes," says Zdravko Markovski, head of the JM Residential Stockholm business unit. The talks with Svenska Bostäder concerning Liljeholmskajen included the possibility of continued co-operation between the companies in other areas. The basis for such co-operation is to achieve an attractive mix of rental and tenant-owned apartments in different projects. For additional information please contact: Zdravko Markovski, head of JM Residential Stockholm, JM AB, telephone +46 8 782 88 13 or Sten Lindberg, Head of Transactions and Analysis, JM Residential Stockholm, JM AB, telephone +46 8 782 87 50 Stockholm, 16 October 2003 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/2003/10/17/20031017BIT00390/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/17/20031017BIT00390/wkr0002.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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