Carl Eric Stålberg, President and CEO of JM, comments Skanska's sale of its holding in JM

Carl Eric Stålberg, President and CEO of JM, comments Skanska's sale of its holding in JM: "Skanska's sale of its holding in JM marks the end of many years of responsible ownership in the company. It also represents a continuation of recent years' spread of ownership in JM, where we have among other things seen an increase in foreign interests. A natural consequence of this trend is that the liquidity of the JM share is improved, for the benefit of all shareholders", says Carl Eric Stålberg, President and CEO of JM. Stockholm, 27 October 2000 JM AB Group Staff Communications This and earlier press releases are also available at www.jm.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/18/20030818BIT00160/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/18/20030818BIT00160/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.

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