Contract signed for a new store in Umeå, Sweden

Clas Ohlson has signed a contract regarding a new store at Umeå Syd, Umeå, Sweden. The retail space will amount to a total of 1,316 square metres. The store’s catchment area comprises approximately 120,000 residents and the store is scheduled to open in March 2015.

Future store establishments that have been contracted to date are: Pasaati Shopping Centre, Kotka, Finland in May 2013; Maxinge Centre Shopping area in Jomala, Åland, Finland in May 2013; Sogndal, Norway in June 2013; Heiane Shopping Centre in Stord, Norway in June 2013; Norra Backa Shopping area, Borlänge, Sweden in October 2013; Mobilia Shopping Centre, Malmö, Sweden in September 2013; Kaari Shopping Centre, Kannelmäki, Helsingfors, Finland in November 2013; Orkdal, Norway in November 2013; Mandal, Norway in winter 2014; Vimpeln Shopping Centre in Alingsås, Sweden in March 2014; Kungens Kurva in Huddinge, Stockholm, Sweden in March 2014; Barkarby Gate, Stockholm, Sweden in October 2014 and Umeå Syd in Umeå, Sweden in March 2015.

During the current financial year, 2012/13, Clas Ohlson plans to establish a total of 17 stores. During the subsequent financial year, 2013/14, Clas Ohlson plans to establish 12-17 new stores. With currently 174 stores and 13 contracted stores, Clas Ohlson will have a total of 187 stores, of which 79 in Sweden, 66 in Norway, 30 in Finland and 12 in the UK.

For further information, please contact:

Bo Heyman, Director of Retail expansion: +46 (0)70-597 44 90.

John Womack, Director Information & IR: +46 (0)70-678 24 99.

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, Norwich and Newcastle.

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