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Caroline Rosén - JM's new Director of Corporate Communications

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Caroline Rosén has been appointed as JM’s new Director of Corporate Communications. Her most recent position was with the If insurance group where she was head of Investor Relations and external financial communication. Caroline has an MSc in Business Administration from the Stockholm School of Economics and her previous positions include Director of Corporate Communications at the logistics group ASG and assistant communications director at SCA. Prior to this, Caroline worked as an economics journalist for the Veckans Affärer business magazine. Caroline will take up her position in January 2005 and will be a member of JM’s group management. “Caroline’s wide experience within strategic communication will be a valuable asset in JM’s continued efforts to strengthen the brand and develop work with our market communication,” says Johan Skoglund, President and CEO of JM. For additional information please contact: Johan Skoglund, President and CEO, JM, +46 8 782 89 39 Caroline Rosén, Director of Corporate Communications-elect, JM, +46 70-589 00 37. Stockholm, 15 November 2004 JM AB Corporate Communications

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