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JM Board/Management Information 2021

Feb 10, 2021

2932_iss_2021-02-10_55b90451-03e6-4bc5-a646-32a691cf083c.pdf

Board/Management Information

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PRESS RELEASE | 202 1-0 2-1 0

New Chief Financial Officer at JM

JM announces the appointment of Carl Bandhold as the new chief financial officer after current Chief Financial Officer Claes Magnus Åkesson retires.

Carl Bandhold will take over as CFO of JM on August 16, 2021. Carl is currently CFO of Permobil since 2011, and prior to this he worked at Boston Consulting Group and Deutsche Bank, among others.

"The recruitment of Carl Bandhold ensures that JM will continue to have very competent financial leadership, and I am very much looking forward to working with Carl. Since Claes Magnus is retiring, I would like to extend my warmest thanks to him for the excellent, rewarding and enjoyable years we have had while working together. Claes Magnus has truly contributed to JM's success during his 23 years as CFO," says Johan Skoglund, President and CEO.

For more information please contact:

Johan Skoglund, President and CEO, +46 (0)8 782 87 00 Katarina Rimmerfeldt, Communications Manager, +46 (0)73 432 61 20

This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 2021-02-10.

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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 emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in 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 about 2,500 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. For more information www.jm.se/en