JM sells office building in Brussels' EU district

JM sells office building in Brussels' EU district JM has sold the Avenue des Arts 21 office building to the German real estate fund MEAG. The building is situated in the EU district Quartier Leopold in Brussels and has 5,000 sq.m. in area. Avenue des Arts 21 was purchased in 2001 for project development. Since then it has undergone a total renovation and has been subsequently filled with tenants with ties to the EU and to activities of certain Belgian institutions. The sales price was SEK 130m, with a project development gain of SEK 22m. The deal will be reported during the second quarter of 2003. "The sale is entirely in line with JM Construction's ongoing project development activities involving office buildings in Brussels' EU district," says Göran Sjöborg, Managing Director of JM Construction S.A., Brussels, Belgium. To date this year JM has sold real estate for a value of SEK 2,115m and a realised capital gain of SEK 394m. For additional information please contact: Göran Sjöborg, Managing Director, JM Construction S.A., tel. +32 26 290 580, mobile +32 478 300 451. Stockholm, 4 June 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/2003/06/04/20030604BIT00980/wkr0001.doc http://www.waymaker.net/bitonline/2003/06/04/20030604BIT00980/wkr0002.pdf