JM — M&A Activity 2017

Apr 20, 2017

PRESS RELEASE | 2017-04-20

JM Construction building residential units in Tyresö, Stockholm

JM Construction has signed an agreement with Småa to construct tenant-owned apartments, townhouses and premises through a turnkey contract. The total contract amounts to SEK 113m.

The contract comprises new production of 38 apartments, 9 townhouses and 3 additional premises. Establishment and ground work are scheduled for June 2017, and the project is expected to be completed by Q3 2019. The project will be constructed in accordance with the Silver level in the Swedish Green Building Council's classification system.

"We are very pleased that Småa has entrusted us with the Grönskan project, and we are looking forward to additional construction in Tyresö Centrum," says Peter Neuberg, president of JM Construction.

For more information, please contact:

Alexandra Jansson, Regional Manager Buildings, +46 (0)8 782 85 86

Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29

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 2017-04-20.

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.