Year-end report for 2002

Year-end report for 2002 ·Profit after financial items amounted to SEK 368m (1,629) ·The SEK 385m decline in earnings in a number of housing projects in the Stockholm city region is attributable to a more cautious market assessment and unforeseen cost increases ·SEK 256m (39) write-down of development land and properties, primarily in Stockholm, due to changed planning and market assessments, of which SEK 241m (0) is charged to profit from project development ·Other operations are developing according to plan ·Property sales of SEK 3,015m (4,074) generated capital gains of SEK 523m (928), of which SEK 473m (166) is included in profit from project development ·Profit from project development amounted to SEK 459m (957) and the margin amounted to 5.4% (11.8) ·Return on equity was 7% (30) and earnings per share amounted to SEK 9 (36) ·The Board of Directors proposes a dividend of SEK 10 (14) per share Stockholm, 13 February 2003 JM AB (publ) Board of Directors Additional information and financial calendar For additional information, please contact Johan Skoglund, President and CEO +46 8 782 89 39 Claes Magnus Åkesson, CFO +46 8 782 89 71 The printed annual report for 2002 will be available at JM's head office on 27 March. The Annual General Meeting will be held at 5 p.m. on 23 April 2003 at JM's head office, Telegrafgatan 4, Solna 23 April 2003 Interim report for the period January - March 2003 21 July 2003 Interim report for the period January - June 2003 22 October 2003 Interim report for the period January - September 2003 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/13/20030213BIT00180/wkr0001.doc The full year-end report http://www.waymaker.net/bitonline/2003/02/13/20030213BIT00180/wkr0002.pdf The full year-end report