JM does not take responsibility for the translation

JM co-operates with Stockholmshem

Press release 12/2/2004 3:48 PM

JM is selling part of the Sjövik 5 property within the Liljeholmskajen project, where some 60 residential units are planned, to Stockholmshem.

This deal is part of efforts to achieve a mix of rental and tenant-owned units in this project.

At the same time, JM is exercising an option to acquire the Penninglandet 1 property in Bromma from Stockholmshem, where JM plans to build some 40 tenant-owned apartments.

Stockholm, 2 December 2004
Corporate Communications

For additional information please contact:
Zdravko Markovski, Head of JM Residential Stockholm, +46 8 783-88 13 or
Sten Lindberg, Transactions and Analysis, JM Residential Stockholm,
+46 8 782 87 50