JM - Payment of the redemption proceeds on July 1, 2005

JM's redemption programme as determined by the Annual General Meeting of April 28 entitled shareholders to redeem every eighth share in JM for a redemption amount of SEK 285 per share, totalling approximately SEK 966 million. The payment of the redemption proceeds from VPC will take place on July 1, 2005. Stockholm, 27 June 2005 JM AB Corporate Communications