JM acquires Lindqvist Rör for MSEK 13

JM acquires Lindqvist Rör for MSEK 13 JM has acquired Lindqvist Rör in Stockholm, a company in the heating, water and sanitation business. The purchase price of MSEK 13 includes a residential property in the Hammarbyhöjden area of Stockholm. Lindqvist Rör has around 25 employees and annual turnover of around MSEK 35. "Our strategy is to step up the pace of JM's residential development from the current level of 2,500 to around 4,500 residential units per year. The motive for the acquisition is to secure future installation resources in the greater Stockholm area and to rationalise installation work in our projects", comments JM's Executive Vice President Magnus Key. The transfer of ownership will take place in early July 2001. For additional information, contact Magnus Key, telephone +46-8-782 87 08 or Mats Åkerlind, telephone +46-8-782 87 49 Stockholm, 6 February 2001 JM AB Group Staff Corporate 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/2003/08/18/20030818BIT01370/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/18/20030818BIT01370/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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