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JM sells property in Stockholm - capital gain SEK 10 million

Press release 9/29/2004 3:49 PM

JM sells property in Stockholm - capital gain SEK 10 million

In a deal with a small property company, JM has sold the property Spelbomskan 14 in Stockholm for SEK 25 million. The capital gain from the sale amounts to SEK 10 million and will be reported in the third quarter of 2004.

For additional information please contact:
Eva Eriksson, JM AB, telephone +46 8 782 88 99 or Sten Hamberg, JM AB, mobile +46 70 582 88 52.

Stockholm, 29 September 2004
Corporate Communications

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JM AB is a public limited company listed on the Stockholm Stock Exchange. JM has around 2,200 employees in Sweden, Norway, Denmark and Belgium and annual sales of approximately SEK 8 billion. The company is Sweden's leading housing developer, and the core business is project development of residential property and, to a selective extent, commercial premises in central areas of growth markets. JM's operations are characterised by a broad focus on quality and the environment.
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