Press release from JM AB’s Nomination Committee

The Nomination Committee' s proposals for the Board of JM AB

At the Annual General Meeting of JM AB, to be held on 28 April 2005, the following proposals will be presented regarding number of directors and election of the board. Number of directors It is proposed that the number of AGM-elected directors of JM AB remains unchanged at eight directors. Election of directors The Nomination Committee intends to propose the following members of the company's Board. New election: Jens Engwall Eva-Britt Gustafsson Lars Lundquist Re-election: Elisabet Annell Bengt Larsson Berthold Lindqvist Johan Skoglund Torbjörn Torell Per Westlund, who has been Chairman of the Board since 1998, Björn Björnsson and Lennart Sundén have notified that they do not wish to stand for re-election. Lars Lundquist, who is proposed as the new chairman by the Nomination Committee, was Chief Financial Officer (CFO) and Deputy Group Chief Executive of SEB until year-end 2004. Jens Engwall is President of the property company Kungsleden AB and Eva-Britt Gustafsson is President of the credit market company Venantius AB. The Nomination Committee has comprised Anders Algotsson, AFA, Ramsay Brufer, Alecta, KG Lindvall, Robur Fonder, Mats Tunér (chairman) SEB Fonder and Per Westlund, JM AB. Stockholm, 4 February 2005 JM AB