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The Nomination Committee’s amended proposal to the 2020 AGM regarding fees to the Board

Press release 3/24/2020 5:00 PM

In the shadow of current uncertainties due to COVID-19, the JM AB Nomination Committee has resolved to amend its proposal to the Annual General Meeting that the Board fees should not be increased. The Nomination Committee instead proposes unchanged fees for Ordinary Board Members, the Board Chair and the Board Committees.

JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 16 billion and the company has about 2,600 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.