Kulltorp property sold to Svenska Bostäder for SEK 88.7m

Kulltorp property sold to Svenska Bostäder for SEK 88.7m The tenant-owner co-operative formed by JM AB, Tantolunden, has transferred the property Kulltorp 6 at Tantogatan 27-29 in Södermalm, Stockholm, to Svenska Bostäder AB. The purchase price amounts to SEK 88.7m and will have no effect on earnings for 2003. The property contains 28 apartments and 4 premises. "We believe that this property is highly suitable for rental apartments," says Zdravko Markovski, head of the JM Residential business unit. For additional information please contact: Zdravko Markovski, head of JM Residential business unit, JM AB, telephone +46 8 782 88 13, mobile +46 70- 518 95 15. Stockholm 2003-03-27 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/2003/04/07/20030404BIT01370/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/07/20030404BIT01370/wkr0002.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.