SEK 966m transferred to JM's shareholders through redemption

The acceptance period for JM's offer for redemption of shares expired on June 8, 2005. The offer involved redemption of a maximum of every 8th share held in JM at a price of SEK 285 per share. Based on the final count, 3,389,027 shares were tendered for redemption, corresponding to 96.6 percent of the maximum number of shares that could be redeemed in accordance with the offer. Following redemption, JM’s share capital will amount to SEK 98.7 million divided into 24,676,380 shares. Payment of the redemption amount is expected to take place at mid-year 2005. Stockholm, 13 June 2005 JM AB Corporate Communications