Board’s proposal for redemption of shares in JM

As mentioned in the Year-end report 2007 the Board of Directors of JM proposes a redemption program for about SEK 1.0 billion.

• The Board proposes a redemption of every sixteenth share for SEK 180 per share
• Through the redemption, approximately SEK 1.0 billion is proposed to be transferred to the shareholders.

The Board of Directors of JM AB has today established the conditions for its proposal regarding redemption of shares to the Annual General Meeting to be held on April 24, 2008. According to the proposal, every sixteenth share may be redeemed for SEK 180 in cash. For every share held in JM, one redemption right will be received. Sixteen redemption rights entitle the holder to redeem one share. Assuming full acceptance of the redemption offer, approximately 5.6 million shares will be redeemed and approximately SEK 1.0 billion will be transferred to the shareholders in JM.

Time table (assuming the Annual General Meeting’s approval):
• Last day of trading shares in JM, including redemption rights: April 24, 2008
• First day of trading shares in JM, excluding redemption rights: April 25, 2008
• Record date for receiving redemption rights: April 29, 2008
• Information brochure and application form distributed: May 5, 2008
• Application period: May 9 – June 5, 2008
• Trading in redemption rights on OMX Nordic Exchange Stockholm: May 9 – June 2, 2008
• Payment of redemption amount is expected to be made around mid-year 2008


A sale of up to 4,000 redemption rights free of commission will be provided through Carnegie Investment Bank AB (publ) (“Carnegie”) during May 9 – May 27, 2008 following a specific application procedure.

Shareholders who whish further information regarding the application procedure may call Carnegie at +46 8 588 694 87.



For additional information, please contact:
Claes Magnus Åkesson, Chief financial officer JM, telephone/mobile: +46 8 782 89 71
Urban Lilja, General counsel JM, telephone/mobile: +46 8 782 87 05
Tomas Eriksson, Press officer, telephone/mobile: +46 8 782 86 61

This and earlier press releases are also available at www.jm.se