JM sells properties for SEK 278 million - capital gain SEK 25 million

JM sells properties for SEK 278 million - capital gain SEK 25 million JM is selling three properties to tenant owner co-operatives in Vaxholm and Nacka for SEK 238 million. JM has also sold an undeveloped property in Huddinge for SEK 30 million and a small property in Stockholm for SEK 10 million. Most of the sales proceeds will be received during the second quarter. The capital gain from these deals totals SEK 25 million, which will be reported in the second quarter of 2004. For additional information please contact: Eva Eriksson, JM AB, telephone +46 8 782 88 99 or Sten Hamberg, JM AB, telephone +46 8 782 88 52 Stockholm, 22 June 2004 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 2,200 employees in Sweden, Norway, Denmark and Belgium and annual sales of approximately SEK 8 billion. The company is Sweden's leading housing developer, and the core business is project development of residential property and, to a selective extent, commercial premises in central areas of growth markets. JM's operations are characterised by a broad 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/2004/06/22/20040624BIT21030/wkr0001.pdf 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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