JM — Board/Management Information 2016

Dec 16, 2016

PRESS RELEASE | 2016-12-16

JM AB's Nomination Committee's Proposals for Chairman and Directors at the 2017 Annual General Meeting

The Nomination Committee of JM AB has resolved to propose the following to the 2017 Annual General Meeting regarding the Board's composition.

Number of Board directors: Seven ordinary directors, no deputies.

The Nomination Committee proposes the new election of Fredrik Persson as Chairman of the Board, which was previously communicated in a press release on November 22, 2016. Lars Lundquist, who has been the Chairman of the Board since 2005, has declined reelection. The Nomination Committee proposes the re-election of directors Kaj-Gustaf Bergh (elected 2013), Eva Nygren (elected 2013), Kia Orback Pettersson (elected 2010), Åsa Söderström Jerring (elected 2007) and Thomas Thuresson (elected 2016).

The Nomination Committee also proposes Olav Line, a Norwegian citizen, as a new director of the Board. Olav Line studied engineering (MSc Eng.), and is the incoming CEO of Mustad Eiendom AS. Among other things, Olav Line has previously been CEO of Selvaag Eiendom AS, as well as of the listed companies Norwegian Property ASA and Steen & Strøm ASA. Olav Line a Board director of ECT AS.

The Nomination Committee consists of Åsa Nisell (Chairman), Swedbank Robur Fonder, Jan Särlvik, Nordea Funds, Eva Gottfridsdotter-Nilsson, Länsförsäkringar Fondförvaltning, Roar Engeland, OBOS BBL and Lars Lundquist, Chairman of the Board of JM AB.

The Nomination Committee's additional proposals to the Annual General Meeting of JM AB, which will be held on Thursday, April 27, 2017, will be provided with the notice of the Annual General Meeting.

For more information, please contact:

Nomination Committee Chairman Åsa Nisell, Swedbank Robur Fonder, +46 (0)8 585 924 00

This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted through the contact person mentioned above for publication on 2016-12-16 at 09:45 CET.

PRESS RELEASE | 2016-12-16

JM is one of the leading developers of housing and residential areas in the Nordic 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, and Finland. We are also involved in the project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 15 billion and the company has approximately 2,400 employees. JM AB is a public limited company listed on NASDAQ Stockholm, Large Cap segment. For more information www.jm.se/en