New President of Lindex AS, Norway appointed

New President of Lindex AS, Norway appointed The Board of Directors of Lindex AS, Norway, today appointed Per-Martin Eng, Sales Director of Lindex AS, Sales Director/President of the company. Per-Martin Eng succeeds the company's current President, Leif Larsson who, as previously announced in a news release, has been appointed Executive Vice President with responsibility for Investor Relations in AB Lindex. As President of AB Lindex's wholly-owned subsidiary, Lindex AS, Per-Martin Eng will report direct to Anders Jansson, Head of Lindex International. During the Board Meeting, a decision was also made to move Lindex AS's Control and Personnel Department in Greåker outside Fredrikstad to the company's sales office in Oslo. In connection with the move, some of the functions in the Control Department at the office in Greåker will be transferred to AB Lindex, Sweden. "The office changes are being made with the aim of making the administration work within the Lindex Group more efficient," says Hans Johansson, President and CEO of AB Lindex in a comment on the changes. Alingsås, 21 January 1999 AB Lindex For further information, please contact: Hans Johansson, President and CEO tel +46 322-77 702, 70-541 94 63 Leif Larsson, Executive Vice President tel +46 322-77 734, 70-887 77 34 Anders Jansson, Head of Lindex International tel +46 322-77 820, 70-550 42 87 Per-Martin Eng, Sales Director/President tel +47 22 93 04 40, 90 15 11 65 Lindex is a retail chain with 278 stores on the Nordic market and 7 newly- opened stores in Germany. The Group's product segments are ladies' wear, lingerie, children's clothing and Lindex Care. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/21/19990121BIT00260/bit0001.doc http://www.bit.se/bitonline/1999/01/21/19990121BIT00260/bit0002.pdf

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Lindex is one of Europe's leading fashion chains, with approximately 480 stores in 18 markets. Our business concept is to offer inspiring and affordable fashion. The Lindex selection encompasses a variety of fashion concepts within women's wear, children's wear and lingerie for women who are interested in fashion. Lindex is part of the Finnish-listed Stockmann group. More information is available at www.lindex.com

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