Annual General Meeting JM

The annual General Meeting of JM AB held on 26 April 2007 approved all the Board´s and Nomination Committees proposals.

The Annual General Meeting resolved to declare a dividend of SEK 4:50 per share. The record date for payment of dividends was decided as Wednesday, 2 May 2007.

Board Members and Fees
Lars Lundquist was re-elected as Chairman of the Board. Elisabet Annell, Eva-Britt Gustafsson, Bengt Larsson, Berthold Lindqvist, Johan Skoglund and Torbjörn Torell were re-elected as members of the Board as well as election of Åsa Söderström Jerring who has a wide experience from prominent positions within the construction- and real estate business, one of them being former President of Sweco Theorells AB.

Fees pertaining to seven paid Directors amounts to a total of SEK 2,575,000, including remuneration for work on committees. This means an increase of a total of SEK 560,000, but considering that the number of paid Directors has increased by one person the actual increase is SEK 260,000 or about 13 percent.

Nomination Committee
The Annual General Meeting resolved that JM's Nomination Committee shall be formed after the Chairman of the Board contacts the biggest shareholders as at August 31 requesting that they state whether they wish to be included on JM's Nomination Committee. The four biggest shareholders who respond positively are each entitled to appoint a representative. This person may not be a board member of JM.

The Chairman of the Board shall convene the first meeting and also be the fifth member of the Nomination Committee. The Annual General Meeting approved the Nomination Committee’s proposal for it’s working instructions. The instruction can be found at www.jm.se.

Redemption Program
The Annual General Meeting resolved that a distribution shall be made to the Company’s shareholders through a redemption program of about SEK 1 billion.

The proposed record date for receipt of redemption rights is May 2, 2007.

Debenture loan
The General Annual Meeting resolved that JM raise a debenture loan through the issue of convertible debentures under essentially the following terms and conditions. The loan shall amount to a maximum of SEK 154 million through the issue of a maximum of 700,000 convertible debentures. Each convertible debenture may be converted into one share, at a price equivalent to about 125 percent of the price paid for shares in JM.

Conversion may take place from June 1, 2009, through June 1, 2011, with the exclusion of the period January 1 until the record date for dividends each year.

Full subscription or conversion, respectively, of the debenture loan on the terms and conditions specified above correspond with a dilution of about 0.8 percent of share capital and votes in JM.

Current and future employees of the JM Group in Sweden shall have the right to subscribe to the convertible debenture loan.

Incentive program
The General Annual Meeting resolved that A) a long-term incentive program shall be established, B) acquisition and transfer of the Company’s own ordinary shares on the stock exchange, C) the Company's acquired ordinary shares shall be transferred to participants in the incentive program.

Participants in the long-term incentive program (“Performance share program 2007”) must invest in ordinary shares in JM (“Contribution Share”) and hold these shares for a three-year period. For each Contribution Share the program participant is assigned the right (“the Right”) to acquire at a future date one ordinary share in JM (“performance share”) at a redemption price of SEK 10. The maximum number of Contribution Shares that each participant may acquire is equal to the higher of 100 percent of the participant's variable pay after tax or 50 percent of the participant's potential maximum variable pay after tax, divided by the average market value of the JM share during the last 10 trading days in May, 2007.

The term of the 2007 Performance Share Program shall be seven years and the program shall cover a total of a maximum of 55,000 ordinary shares - of which a maximum of 42,000 ordinary shares may be transferred to program

The Board is authorized to resolve on one or more occasions about acquisition and transfer of the Company's own ordinary shares. A maximum of 42,000 ordinary shares may be acquired to ensure that shares are available to participants in the 2007 Performance Share Program. A maximum of 13,000 ordinary shares may be acquired and transferred to cover social security costs.

Transfer may only be made of ordinary shares in the Company and a maximum of 42,000 shares may be transferred to participants in the 2007 Performance Share Program.