JM sells fully developed properties for MSEK 307

JM sells fully developed properties for MSEK 307 The sale of fully developed properties is part of JM's role as project developer. In June 2000, JM has sold the residential properties Rörskarven 2 in Sollentuna, Höstvetet 1 in Stockholm, Isjakten 1-5, Orienteraren 1, 10-12, on Lidingö and the office and residential complex Planen 3 in Solna. The sales price amounted to MSEK 307, with a capital gain of MSEK 24. For additional information, contact Sten Hamberg, JM AB, tel: +46-8-782 88 52. Stockholm, 30 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.