Proposal for Board and Auditors in JM AB

Proposal for Board and Auditors in JM AB JM AB's Nomination Committee will be proposing Torbjörn Torell and Bengt Larsson for new election to the company's Board at the 2004 Annual General Meeting on 28 April. Torbjörn Torell 48, is a graduate engineer and served as CEO of Scandiaconsult AB from 1998 to 2003. From 1995 to 1998 is was President of Åke Larson Byggare AB prior to that he had many years of experience with Skanska, most recently as head of Skanska's operations in the counties of Västmanland and Södermanland. Bengt Larsson 58, has had a long career with IKEA. Following his position as head of the IKEA store at Kungens Kurva, he became head of IKEA Sweden and later for IKEA Northern Europe. He was a member of IKEA's group management for many years. He left the company as head of IKEA Europe in 2000 and now has his own consulting business. Bengt has also worked in the retail trade, among other things as head of B&W stormarknad. He has been a member of the Board of Lindex AB since 2002. JM is Scandinavia's leading housing developer. Recruitment of Torbjörn Torell will strengthen the Board's industry expertise with a special emphasis on project development, which has been a requirement from both the Nomination Committee and the company's Board. Another expressed ambition has been to increase awareness within the Board of customers' needs and wishes regarding their housing and to transfer this to a cost-effective product range. Bengt Larsson's experience and intellectual ability matches the profile that formed the basis of this recruitment well. Elisabet Annell, Björn Björnsson, Berthold Lindqvist, Lennart Sundén, President Johan Skoglund and Per Westlund are proposed for re-election to JM AB's Board. Per Olofsson, who has been a Board member since 1998, did not stand for re-election. Auditors Auditing firm Ernst & Young AB is proposed as auditors until the 2008 Annual General Meeting has been held. For the period until the 2004 Annual General Meeting has been held the auditors have been Öhrlings PriceWaterhouseCoopers AB. Nomination Committee The Nomination Committee ahead of this year's Annual General Meeting comprised Anders Algotsson, AFA, Marianne Nilsson, Robur, Kjell Norling, Handelsbanken Fonder, Mats Tunér, SEB Fonder, chairman, and Per Westlund, Chairman of the Board of JM AB. For additional information please contact: Mats Tunér, mobile +46 70 594 59 55 or Per Westlund, mobile +46 70 578 78 56 Stockholm, 25 March 2004 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 2,400 employees in Sweden, Norway, Denmark and Belgium, and sales in 2003 amounted to approximately SEK 8 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/2004/03/26/20040326BIT00230/wkr0001.doc http://www.waymaker.net/bitonline/2004/03/26/20040326BIT00230/wkr0002.pdf