JM sells property in Stockholm for SEK 70 million - capital gain SEK 7 million

JM sells property in Stockholm for SEK 70 million - capital gain SEK 7 million In a deal with AFA, JM is selling the property Läraren 4 on Torsgatan in Stockholm. The property contains office and retail premises and a small residential section. The selling price amounts to SEK 70m and will provide JM with a capital gain of SEK 7m. This gain will be reported in the fourth quarter of 2003. Following this sale, the vacancy rate in JM's portfolio of fully developed office properties and residential properties amounts to approximately 5%. For additional information please contact: Sten Hamberg, JM AB, telephone +46 8 782 88 52 or Eva Eriksson, JM AB, telephone +46 8 782 88 99. Stockholm, 10 December 2003 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 2,700 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 http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/10/20031210BIT00710/wkr0001.doc http://www.waymaker.net/bitonline/2003/12/10/20031210BIT00710/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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