New appointments at JM

New appointments at JM Johan Skoglund, previously a Regional Manager in Business Unit Stockholm Residential and most recently in Project Development Real Estate, has been appointed as the new Manager of Business Unit Sweden, with responsibility for all of JM's Swedish markets outside Stockholm. Skoglund has also been made a new member of JM's executive management. Ragnar Hedin, formerly Manager of both Business Unit Sweden and Business Unit International, will now work exclusively with JM's international operations. For additional information, please contact Personnel Director Göran Malmberg, telephone +46-8-782 87 85. Stockholm, 28 August 2000 JM AB Group Staff Communications This and earlier press releases are also available at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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.