Interim Report January - September 2011

Interim Report January - September 2011

High level of housing starts - somewhat lower rate of sales

- According to segment reporting revenues increased to SEK 8,547m
(6,342), operating profit to SEK 1,047m (572) and operating margin to
12.2 percent (9.0)

- Restated according to IFRIC 15 revenues amounted to SEK 8,299m (6,061)
and operating profit totaled SEK 1,013m (525)

- Profit before tax totaled SEK 974m (496). Profit after tax improved to
SEK 695m (329)

- Return on equity for the past twelve months rose to 24.2 percent
(14.9). Earnings per share during the nine-month period amounted to SEK
8.30 (3.90)

- Consolidated cash flow including net investment in properties was SEK
173m (-263)

- Number of residential units sold increased to 2,366 (2,220) and
housing starts increased to 2,856 (2,432)

- Major acquisitions in Stockholm and Oslo increased the portfolio to
28,000 residential building rights (26,700).

For additional information, please contact:
Johan Skoglund, President and CEO johan.skoglund@jm.se 46 (0)8 - 782 89
39
Claes Magnus Åkesson, CFO claes-magnus.akesson@jm.se 46 (0)8 - 782 89 71