Contract signed for a new store in Norway

Clas Ohlson has signed a contract regarding a new store in Amfi Ørsta, Ørsta, Norway. The retail space will amount to a total of 1,250 square metres. The store’s catchment area comprises approximately 50,000 residents and the store is scheduled to open in autumn 2012.

Future store establishments that have been contracted to date are: Sjøkanten Senter, Harstad, Norway in February 2011; Kristansund, Norway in March 2011; Bodø, Norway in June 2011; Sjøsiden Kjøpesenter, Horten, Norway in June 2011; Akseli Shopping Centre, Mikkeli, Finland in June 2011; Gränby, Uppsala, Sweden in autumn 2011; Erikslund, Västerås, Sweden in September 2011; Byporten Kjøpesenter, Mo i Rana, Norway in October 2011; Alta, Norway in October/November 2011; Elverum, Norway in November 2011; Karisma, Lahti, Finland in November/December 2011; Kongssenteret Shopping Centre in Kongsvinger, Norway in winter/spring 2012; Norrtälje, Sweden in spring 2012; Willa Shopping Centre, Hyvinkää, Finland in October 2012; Amfi Ørsta, Ørsta, Norway in autumn 2012; Emporia, Malmö, Sweden during the 2011/2012 financial year and Mobilia Shopping Centre, Malmö, Sweden in autumn 2013.

Clas Ohlson plans to 20-22 new stores during the 2010/2011 financial year, of which 4-6 in the UK. With currently 137 stores and 17 contracted stores, Clas Ohlson will have a total of 154 stores, of which 66 in Sweden, 57 in Norway, 20 in Finland and 11 in the UK.

For further information, please contact:

Ola Aurtande, Head of Establishment, Clas Ohlson Norway, +47 23 21 40 20, +47 911 21 895.

John Womack, Director of Information and Investor Relations, +46 (0)247-444 05.

Clas Ohlson AB is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland. In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool, Leeds, Birmingham, Cardiff, Doncaster and Norwich.

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