Hedging of JM’s long-term incentive program for 2008 through share buy-back

JM hereby reports that the company repurchased 150,000 shares in JM on June 2, 2008 at an average price of SEK 103.29 per share in order to hedge Share Programs 2008 approved by the Annual General Meeting for 2008.

With this repurchase, the long-term incentive program for 2008 is now fully hedged and the company hereafter owns in total 185,000 shares in JM. The total number of JM shares amounts to 88,914,308.