New apartments for seniors in Uppsala

New apartments for seniors in Uppsala JM's subsidiary Seniorgården has now started building new apartments for people over 55 in central Uppsala. Seniorgården is building 42 tenant-owned apartments at the corner of Sysslomansgatan and Luthagsesplanaden. The project comprises one large building along Luthagesplanaden and two smaller courtyard houses which combine to create a protected and pleasant manor house environment. The architect Kjell Forshed has designed the houses with great consideration for the existing immediate surroundings and the classic stone city. The buildings have rendered facades with framed window sections. All apartments have a balcony, patio or terrace. The carefully planned design will make it easier to people to remain in their homes as they get older. On the ground floor there is a laundry-room, common area and a guest room. The stairwell contains a lift down to the garage and basement storage space. The apartments will be ready for tenants in 2004. The order value is over SEK 80m. For further information, please contact: Lars Svärd, Project Manager, East Region, JM AB, telephone +46 18-66 03 50 or Ulla Nylander, sales, East Region, JM AB, telephone +46 18-66 03 04. Stockholm, 8 October 2002 JM AB Corporate Communications This and earlier press releases are 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.