JM — AGM Information 2012

Feb 1, 2012

JM AB Nomination Committee proposals to the 2012 Annual General Meeting for chairman and directors

The Nomination Committee for JM AB is comprised as follows:

• AMF Pension represented by Lars-Åke Bokenberger, chairman
• Swedbank Robur Funds represented by Björn Franzon
• AFA Försäkring represented by Anders Algotsson
• Nordea Fonder represented by Jan Särlvik
• Lars Lundquist, chairman of the board of JMAB.

At theAnnual General Meeting of JMAB on Thursday, April 26, 2012, the Nomination Committee will propose the following regarding the composition of the Board of Directors:

Number of directors on the Board: seven ordinary members, no deputies.

The Committee proposes that Lars Lundquist be re-elected Chairman of the Board (elected 2005). The Nomination Committee further proposes re-election of directors Elisabet Annell Åhlund (elected 2002), Anders Narvinger (elected 2009), Kia Orback Pettersson (elected 2010), Åsa Söderström-Jerring (elected 2007) and Johan Skoglund (elected 2003). Torbjörn Torell is not available for re-election as director.

The Nomination Committee proposes Johan Berg as new member of the Board. Johan Berg is 47 years old and holds a degree in engineering from KTH, Stockholm. Johan Bergman has worked for 16 years in various positions within the Skanska Group and he has been CEO of NIAM AB for the past five years. Johan Berg has no other "significant appointments" in accordance with the Code and he is considered independent in relation to the Company and senior management as well as the major shareholders in the Company.

Details about the Nomination Committee's other proposals will be included in the notice convening theAnnual General Meeting, which will be announced on Wednesday March 28, 2012.

For further information, please contact:

Chairman of the nomination committee Lars Åke Bokenberger, AMF Pension 08-696 31 00.

JMis one of the leading developers of housing and residential areas in theNordic region. Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in theGreater Stockholmarea. JMshall promote long-termquality and environmental management in all its operations. Our annual sales total approximately SEK11 billion and the company has about 2,300 employees. JMABis a public limited company listed on theNASDAQOMXStockholm, MidCap segment.