JM sells city properties for SEK 235m # capital gain SEK 75m

JM sells city properties for SEK 235m - capital gain SEK 75m In a deal with Fastighets AB Linco and Fastighets AB Kannan respectively, JM is selling the properties Pilen 30 on Vasagatan for SEK 180m and Glaucus 5 and 6 in Gamla stan for SEK 55m. The sales will provide JM with a capital gain totalling SEK 75m, which will be reported in the first quarter of 2003. So far this year, JM has sold properties for SEK 938m with a capital gain of SEK 132m. For additional information please contact: Sten Hamberg, JM AB, telephone +46 8 782 88 52 or Eva Eriksson, JM AB, telephone +46 8 782 88 99. Stockholm, 14 March 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/2003/04/07/20030404BIT01160/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/07/20030404BIT01160/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.

Subscribe