JM sells properties for MSEK 845 # earns capital gain of MSEK 207

JM sells properties for MSEK 845 - earns capital gain of MSEK 207 In a transaction with Kungsleden, JM has sold 24 properties in Uppsala, Sigtuna, Strängnäs, Sollentuna, Stockholm, Lidingö, Nacka and Eskilstuna for a total of MSEK 725. The transaction also included a minor acquisition referring to a development property near Kungens Kurva in Huddinge. In a deal with Pandox, JM has sold the Knarrarnäs 7 property in Kista, containing the Mr. Chip Hotel, for MSEK 120. These property sales for a total of MSEK 845 have provided JM with a combined capital gain of MSEK 207. The gain on the sales will be reported in the second quarter of 2001. "One important part of JM's role as project development is the ongoing sale of fully developed properties. So far this year, JM has sold properties for a total of MSEK 2,670 and a combined capital gain of MSEK 702", says Business Unit Manager Sten Hamberg. For additional information contact Sten Hamberg, JM AB, telephone +46 8 782 88 52 or Eva Eriksson, JM AB, telephone +46 8 782 88 99. Stockholm, 7 June 2001 JM AB Group Staff Communications This and earlier press releases are also available at ------------------------------------------------------------ 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.