Clas Ohlson has signed a contract concerning an additional new store.

The store will be located in Rovaniemi in northern Finland. Retail space will amount to 1,239 square metres and the store will be part of a new shopping centre, Rinteenkulma, in the town centre of Rovaniemi. The store’s catchment area comprises 110,000 inhabitants and it is scheduled to open in October 2008. Accordingly, the scheduled future opening of stores for which contracts have been concluded to date is as follows: Tromsø and Storo in Norway June 2008, Seinäjoki in Finland September 2008, Drammen, Asker and Jessheim in Norway and Rovaniemi in Finland October 2008, Kristiansand in Norway November 2008, Skövde in Sweden, Espoo and Joensuu in Finland autumn 2008, Falun in Sweden between December 2008 and March 2009, Hønefoss in Norway February 2009, Molde in Norway March 2009, Frölunda in Sweden autumn 2009 and Lillehammer in Norway between autumn 2009 and winter 2010. Clas Ohlson’s objective is to open 20 to 25 new stores during the 2008/2009 financial year. Including the company’s current 86 stores and the 16 stores under contract, Clas Ohlson will have a total of 102 stores, with 48 of them in Sweden, 38 in Norway and 16 in Finland. For further information, please contact: Tapio Kuittinen, Managing Director, Finland; Tel +358 201 11 22 30, Mobil +358 407 57 60 09 John Womack, Director of Information and Investor Relations; Mobile +46 70 678 24 99