JM buys back own shares

JM buys back own shares On 10 March JM repurchased 200 000 of its own shares. After today's buy- back, JM's total holding of own shares amounts to 2 100 000 shares or 6.9 % of the number of shares outstanding. Repurchases keep the capital structure adjusted in order to raise return on equity and earnings per share. For additional information please contact: Claes Magnus Åkesson, CFO, JM AB, telephone +46 8 782 89 71. Stockholm, 10 March 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/2003/03/10/20030310BIT01420/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/10/20030310BIT01420/wkr0002.pdf