JM sells properties in Gustavsbergs Hamn

JM sells properties in Gustavsbergs Hamn In a deal with a company jointly owned by Fagerdala World Foams AB and Landvik & Dahl Fastighets AB, JM is selling most of the remaining properties in Gustavsbergs Hamn. The sales price is approximately SEK 77m and provides JM with a small capital gain. "As part of development of our property holdings in Gustavsberg, we are selling, among others, the remaining properties in the harbour to a buyer with long-term plans and whose vision is to develop the area into a design centre where old crafts and industrial traditions can flourish and whose ideas also harmonise with the intentions of the municipality and JM," says Magnus Berg, chairman of JM Värmdöstrand AB. For additional information please contact: Magnus Berg, JM AB, telephone +46 8 782 86 94 or Eva Eriksson, JM AB, +46 8 782 88 99. Stockholm, 27 May 2003 JM AB Corporate Communications This and earlier press releases are also available at 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 The following files are available for download:

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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.