JM acquires Vikevåg Bolig A.S in Stavanger

JM acquires Vikevåg Bolig A.S in Stavanger In a deal with Vikevåggruppen A.S, JM AB is purchasing Vikevåg Bolig A.S. Vikevåg Bolig A.S develops and sells homes in the Stavanger region and has seven employees. The company has annual sales of NOK 100m and produces approximately 75 residential units per year. "JM currently has operations in the Oslo area, Vestfold, Grenland and Bergen in Norway. Stavanger is an attractive market for JM - it is the centre of the oil industry, has 180,000 inhabitants and a net migration of 1.8%," says Magnus Key, head of the JM International business area. For additional information please contact: Magnus Key, head of JM International, JM AB, telephone +46 8 782 87 08 Stockholm, 2 September 2003 JM AB Corporate Communications This and earlier press releases are also available at www.jm.se JM AB is a public limited company listed on the Stockholm Stock Exchange. JM has around 2,700 employees in Sweden, Norway, Denmark and Belgium, and sales in 2002 amounted to approximately SEK 9 billion. The company is Sweden's leading housing developer, and the core business is project development of residential and commercial properties in central areas of growth markets. JM's operations are characterised by a focus on quality and the environment. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/09/11/20030911BIT00630/wkr0001.doc http://www.waymaker.net/bitonline/2003/09/11/20030911BIT00630/wkr0002.pdf