JM buys green electricity

JM buys green electricity JM has decided to buy eco-friendly, or "green" electricity, a decision that will affect both JM's own properties and so-called construction electricity. JM's tenant-owner associations will also be offered green energy. "The decision should be seen as a natural part of JM's environmental work. As the first company in the industry to formulate its own environmental policy (1994), this is entirely consistent with our environmental and ecological focus. By choosing green electricity, the supplier undertakes to produce a volume of electricity based on renewable energy sources (non-fossil fuels) equal to the amount of electricity we purchase. Today there is a limited amount of green electricity available - but if demand rises, market mechanisms could provide an incentive for increased production of renewable energy ", says JM's Environmental Manager Lennart Henriz. The added cost for green electricity relative to power produced by traditional means is SEK 0.002 per kWh. The supplier is Birka Energi. For additional information, contact Environmental Manager Lennart Henriz, telephone +46-8-782 89 47. Stockholm, 13 June 2000 JM AB Group Staff Communications This and earlier press releases are also available at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

About Us

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.