JM sells properties for approx. MSEK 407 # capital gain of around MSEK 100

JM sells properties for approx. MSEK 407 - capital gain of around MSEK 100 JM has sold 11 properties in Sollentuna, of which 7 are site leaseholds, to the municipally-owned housing company AB Sollentunahem for approx. MSEK 407. The sale will provide JM with a capital gain of around MSEK 100. "The sale of fully developed properties is an important part of JM's role as a project developer. In 2000, JM sold properties for a total of SEK 2.2 billion with a combined capital gain of around MSEK 530. We are now continuing our planned sale of properties during 2001", says business unit manager Sten Hamberg. For additional information, contact Sten Hamberg, telephone +46 8 782 88 52 or Eva Eriksson, telephone +46 8 782 88 99. Stockholm, 11 January 2001 JM AB Group Staff Corporate 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.