JM — M&A Activity 2017

Feb 21, 2017

PRESS RELEASE | 2017-02-21

JM completes selling its stake in Småa AB

JM has, as previously communicated, signed an agreement with Alm Equity AB for the sale of all of JM's shares in Småa AB. The condition in the agreement is now fulfilled, stating that a significant proportion of the remaining shareholders of Småa AB is required to sell its participations. Occupancy and payment is completed during the first quarter 2017. The sale results in earnings of SEK 275m which will be reported as financial income during the first quarter 2017.

For more information please contact:

Pär Vennerström, Business Unit Manager JM Residential Stockholm, +46 (0)8 782 89 12

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 Financial Instruments Trading Act. The information was submitted for publication at 08:00 CET on 2017-02-21.

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.