JM proposes change of auditors


STOCKHOLM, Sweden, Feb. 27, 2004 (PRIMEZONE) -- JM's Board of Directors, in co-operation with JM's Nomination Committee, has completed auditor procurement procedures.

Following a thorough procurement process, the Board has recommended the Nomination Committee to propose that the Annual General Meeting to be held on 28 April appoints Ernst & Young as the company's auditors.

The Nomination Committee supports the Board's recommendation.

For additional information please contact: Claes Magnus Akesson, CFO, JM AB, +46 8 782 89 71.

Stockholm, 27 February 2004 JM AB Corporate Communications

This and earlier press releases are also available at www.jm.se

JM AB is a public limited company listed on the Stockholm Stock Exchange. JM has around 2,400 employees in Sweden, Norway, Denmark and Belgium, and sales in 2003 amounted to approximately SEK 8 billion. The company is Sweden's leading housing developer, and the core business is project development of residential and commercial properties in central areas of growth markets. JM's operations are characterised by a focus on quality and the environment.

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