Changes in JM’s Executive Management

Eva Eriksson will take up the position of head of JM Property Development and will also become a new member of JM’s Executive Management. Eva Eriksson is currently head of Transactions and Analysis within JM Property Development. The present head of JM Property Development, Sten Hamberg, will take over as head of JM Residential Sweden when Magnus Key leaves this position at the end of February. In future, Magnus Key will work part-time which will include board assignments with JM’s foreign companies. Magnus Key will therefore leave JM’s Executive Management. These changes apply with effect from 1 March 2005. Stockholm, 8 February 2005 JM AB Corporate Communications