JM acquiring property with completed local plan in Skårer Syd, Oslo

JM has signed an agreement with Stor-Oslo Eiendom to acquire part of the
company's property in Skårer Syd in Lørenskog north of Oslo. The transaction is
worth approximately SEK 160 million with occupancy and payment planned for
October 1, 2015.
The property includes two areas in Skårer, which is a large development area in
Lørenskog Municipality with a local plan for approximately 1,200 residential
units. Based on the completed local plan, JM will build approximately 340
residential units, grocery store and commercial premises.

"This acquisition suits JM well. We can develop a large residential area over
the course of several years and in very familiar surroundings due to our nearby
Solheim Terrasse project. The area is located close to the Triaden shopping
center. There are good schools and childcare facilities nearby, at the same time
that both central Oslo and Gardermoen are easily accessible," says Hilde Vatne,
regional manager for Oslo, JM Norway.

The transaction will be reported in Q3 2015 in the JM International business
segment.
For additional information, please contact:
Hilde Vatne, Regional Manager Oslo JM Norway, +47 922 15662
Kjell Kvarekvål, Media Contact JM Norway, +47 928 12319
Martin Asp, Head of the JM International Business Unit, +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 emphasis on expanding metropolitan areas and university towns in
Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project
development of commercial premises and contract work, primarily in the Greater
Stockholm area. JM seeks to promote long-term quality and environmental
considerations in all its operations. Annual sales total approximately SEK 15
billion and the company has about 2,300 employees. JM is a public limited
company listed on NASDAQ Stockholm, in the Large Cap segment.