JM sells properties worth SEK 335 million

In a deal with Fabege, JM sells properties Skogskarlen 1 and 3 in Solna, Holar 1 and Paradiset 23 in Stockholm. The selling price totalled SEK 335 million, providing a capital gain of SEK 19 million. This result will be reported in the fourth quarter of 2005. Stockholm, 20 October 2005 JM AB

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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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