JM — Regulatory Filings 2015

Sep 28, 2015

PRESS RELEASE | 2015-09-28

JM divests property in Enghave, Copenhagen

JM has agreed the sale of its property Enghave Brygge, in Copenhagen. The sale amounts to 290 MSEK.

The property is located in central Copenhagen and consists of an undeveloped plot with the opportunity to develop residential dwellings and commercial premises. Following the sale of Enghave Brygge, JM's building rights portfolio in Denmark consists of one property in Humlebäck and at present, no production is in progress.

"The sale of Enghave is part of our strategy of concentrating our international business on Norway and the development of our operations in Finland," says Martin Asp, Business Unit Manager, JM International.

Possession and payment is scheduled for December 2015. The sale will have no effect on the income statement.

For more information please contact:

Martin Asp, Business Unit Manager JM International, +46 (0)8 782 89 85 Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29

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, Denmark, Finland and Belgium. We are also involved in the project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM promotes long-term quality and environmental management in all its operations. Annual sales total approximately SEK 15 billion and the company has approximately 2,300 employees. JM AB is a public limited company listed on NASDAQ Stockholm, Large Cap segment.