JM transfers consulting operations in subsidiary

JM transfers consulting operations in subsidiary JM has transferred parts of the consulting operations in its subsidiary AB Projektgaranti to a number of the company's leading employees. The transfer relates to operations in Stockholm and Gothenburg. Employees will be offered continued employment in the new AB Projektgaranti. "We see this as further streamlining of JM's core business - project development of homes and commercial premises," says Sören Bergström head of JM Production. This sale will not affect the JM Group's financial position and earnings for 2002. Additional information is available from Ove Sandin, JM Production, tel.+46 8 782 87 17 or +46 705 82 87 17. Stockholm, 30 May 2002 JM AB Corporate Communications This and earlier press releases are also available at www.jm.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/31/20020531BIT01030/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/31/20020531BIT01030/wkr0002.pdf