JM proposes change of auditors

JM proposes change of auditors JM's Board of Directors, in co-operation with JM's Nomination Committee, has completed auditor procurement procedures. Following a thorough procurement process, the Board has recommended the Nomination Committee to propose that the Annual General Meeting to be held on 28 April appoints Ernst & Young as the company's auditors. The Nomination Committee supports the Board's recommendation. For additional information please contact: Claes Magnus Åkesson, CFO, JM AB, +46 8 782 89 71. Stockholm, 27 February 2004 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 2,400 employees in Sweden, Norway, Denmark and Belgium, and sales in 2003 amounted to approximately SEK 8 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/2004/02/27/20040227BIT00430/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/27/20040227BIT00430/wkr0002.pdf