JM sells city properties for SEK 235m # capital gain SEK 75m

JM sells city properties for SEK 235m - capital gain SEK 75m In a deal with Fastighets AB Linco and Fastighets AB Kannan respectively, JM is selling the properties Pilen 30 on Vasagatan for SEK 180m and Glaucus 5 and 6 in Gamla stan for SEK 55m. The sales will provide JM with a capital gain totalling SEK 75m, which will be reported in the first quarter of 2003. So far this year, JM has sold properties for SEK 938m with a capital gain of SEK 132m. For additional information please contact: Sten Hamberg, JM AB, telephone +46 8 782 88 52 or Eva Eriksson, JM AB, telephone +46 8 782 88 99. Stockholm, 14 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/2003/04/07/20030404BIT01160/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/07/20030404BIT01160/wkr0002.pdf