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Year-end Report 2010

Report 2/9/2011 2:53 PM

Good sales and high level of housing starts


· Revenues amounted to SEK 9,136m (9,620), including a negative impact on revenue of SEK -138m (842) due to restatement according to IFRIC 15. Revenue according to segment reporting shows an increase of SEK496m (-3,451)

· The number of residential units sold totaled 3,276 (3,291) and housing starts increased to 3,404 (2,150)

· Profit before tax improved to SEK 840m (529) including a negative impact on revenue of SEK -62m (-18) due to restatement according to IFRIC 15 Profit after tax improved to SEK 594m (365). The operating margin increased to 9.9 percent (6.7).

· Return on equity for the year rose to 15.7 percent (10.6). Earnings per share increased to SEK 7.10 (4.40)

· Consolidated cash flow including net investment in properties was SEK 42m (1,124) including cash paid for the Dalénum acquisition, Stockholm, SEK -719m

· The Board of Directors proposes a dividend of SEK 4.50 (2.50) for 2010.

JM discloses the information provided in this year-end report and interim report pursuant to the Securities Markets Act and/or Financial Instruments Trading Act. The information was submitted for publication on February 9, 2011.

This and previous press releases are also available at www.jm.se (http://www.jm.se)