JM sells properties for around MSEK 100 # capital gain of MSEK 22

JM sells properties for around MSEK 100 - capital gain of MSEK 22 JM has sold four properties to different buyers for a total of approx. MSEK 100. The transaction will provide JM with a capital gain of MSEK 22. The sale includes the management properties Beckasinen 2 (a residential complex on Birger Jarlsgatan), Tegen Större 1 (small residential buildings on Lidingö) and Domnarvet 10 (an office and warehouse property in the Lunda industrial park), in addition to part of the project property Stormhatten 2 in Örebro. "The sale of fully developed properties is an important part of JM's role as a project developer, since the proceeds of these sales are reinvested in new development projects. So far this year, JM has sold properties for a total of SEK 2.2 billion with a combined capital gain of MSEK 530 ", says JM AB's Managing Director and CEO Carl Eric Stålberg. For additional information, contact Managing Director & CEO Carl Eric Stålberg, telephone +46-8-782 88 33. Stockholm, 14 December 2000 JM AB Group Staff Corporate Communications This and earlier press releases are also available at www.jm.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/18/20030818BIT00250/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/18/20030818BIT00250/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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