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JM Board/Management Information 2011

Jun 28, 2011

2932_rns_2011-06-28_91694268-14c8-4573-8789-42afeb990052.pdf

Board/Management Information

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Martin Asp new Business Unit Manager

MartinAsp hasbeen appointed the new BusinessUnit Manager of the JM Group Management Team. He will take over the position on 1 July 2011. MartinAsp is currently the President of Kvarnholmen UtvecklingAB, which ispartly owned by JM. He will become the new head of the following businessunits: JM Residential Norway and JM Residential Denmark, Finland, Belgium. MartinAsp will replace Sten Hamberg in JM'sGroup Management Team. After nearly 30 years at JM, Sten Halmberg hasdecided to reduce hisworkload and he will now transition to a more senior role in order to work with, among others, strategic tasks that have been assigned by JM'sPresident and CEO, Johan Skoglund.

"Martin has a great deal of experience and involvement in housing development," says Johan Skoglund, President and CEO of JM. "He will be an asset to both the Group Management Team and JM's foreign operations," he says.

MartinAsp has worked at JM for 15 years in such roles as supervisor, head of project planning and project manager. For the last five years, he has been President of Kvarnholmen Utvecklings AB, responsible for developing the new city district, Kvarnholmen in Nacka.

For further information, please contact:

MartinAsp: +46 (0)8-782 89 85 Sten Hamberg: +46 (0)8-782 88 52 Tomas Eriksson, press officer: +46 (0)8-728 86 61

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 SEK10 billion and the company has about 2,200 employees. JMABis a public limited company listed on theNASDAQOMXStockholm, MidCap segment.