JM's Board of Directors proposes convertible and warrant programs

JM's Board of Directors proposes convertible and warrant programs

JM's Board of Directors has decided to propose that the 2011 annual
general meeting resolve on a convertible program and a warrant program.

The convertible program and warrant program in brief:

  ·
The Board of Directors proposes, that JM raise a debenture loan with a
maximum nominal value of SEK 120 million by issuing a maximum of 530,000
convertible debentures, aimed at all employees in Sweden and issue a
maximum of 95,000 warrants aimed at all employees outside Sweden.

  ·
Each convertible and warrant carries the right to convert to and
subscribe to one share, at a conversion or exercise price equal to 125
percent of the average price paid for the JM share during the period
from May 3, 2011, through May 11, 2011.

  ·
Conversion or exercise of option rights may take place from June 2 ,
2014 through May 22, 2015.

  ·
Through conversion of the convertible and exercise of warrants JM's
share capital could increase by a maximum of SEK 625,000, equivalent to
a dilution of about 0.75 percent of JM's share capital and votes.

The Board of Directors' complete proposal for resolution will be
available at JM AB's headquarters, Legal Affairs and Development, Gustav
III:s Boulevard 64, Solna, and on the JM AB website,
www.jm.se (http://www.jm.se/) no later than April 7, 2011. 

For more information, please contact:
Claes Magnus Åkesson, CFO JM, tel/mobile: +46 (0)8-782 89 71
 Urban Lilja, General counsel JM, tel/mobile: +46 (0)8-782 87 05