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Interim Report January - March 2011

Report 4/28/2011 1:43 PM

Continued good demand in JM’s main markets

- Revenues amounted to SEK 2,547m (1,708), including an impact on revenue of SEK 56m (-205) due to restate¬ment according to IFRIC 15. Revenue according to segment reporting shows an increase of SEK 578m (-206)

- The number of residential units sold increased to 840 (757) and housing starts increased to 908 (749)

- Profit before tax improved to SEK 265m (93) including an impact on revenue of SEK 1m (-29) due to restatement according to IFRIC 15. Profit after tax improved to SEK 187m (63). The operating margin increased to 11.0 percent (7.1)

- Return on equity for the past twelve months increased to 18.5 percent (10.8). Earnings per share during the first quarter amounted to SEK 2.20 (0.80)

- Consolidated cash flow including net investment in properties was SEK -65m (-88).