JM does not take responsibility for the translation

Year–end Report 2007

Report 2/13/2008 4:27 PM

High Profitability and Stable Sales in Sweden

- Income increased by 6 percent to SEK 12,731m (12,065) and the number of residential units sold totaled 3,880 (3,790)
- Earnings before tax improved to SEK 2,297m (1,852) and net profit for the year rose to SEK 1,665m (1,568). The operating margin increased sharply to 18.1 percent (15.6)
- Property sales of SEK 653m (1,000) provided capital gains of SEK 182m (169)
- Return on equity for the past twelve months was 44.5 percent (45.4). Earnings per share for the year increased to SEK 18.30 (16.40)
- Consolidated cash flow including property sales was SEK 1,826m (667)
- The Board of Directors proposes a dividend of SEK 5.50 (4.50) per share. In addition, the Board proposes a distribution of about SEK 1.0 billion through a redemption of shares equivalent to about SEK 11 per share.