JM to build 140 residential units in Nacka

JM to build 140 residential units in Nacka JM has now started conversion into residential units of the former head office of Svenska Fläktfabrikens on Sickla Strand in south Stockholm. A total of 140 one- and two-room apartments are being built. 110 apartments will be tenant-owned and 30 will be rented. Most of the apartments are 38 and 48 sq.m. respectively with a ceiling height of three metres. The view from the apartments is either over Stockholm or the Nacka Nature Reserve and Lake Sickla. The area offers excellent opportunities for outdoor pursuits and recreation as well as close proximity to a large shopping centre and public transport. The project is scheduled for completion in autumn 2004. The order value is approximately SEK 180 million. For additional information please contact: Magdalena Odemark, project leader JM AB, telephone +46 8 782 86 77 or Christina Dahlin, salesperson JM AB, telephone +46 8 782 89 88. Stockholm, 3 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/2003/12/03/20031203BIT00710/wkr0001.doc http://www.waymaker.net/bitonline/2003/12/03/20031203BIT00710/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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