Contract signed for a new store in Värnamo, Sweden

Clas Ohlson has signed a contract concerning an additional store. The store will be located in a new shopping centre, Focus Värnamo. Retail space will amount to 1.000 square metres. The shopping centre will have approximately 20 stores and is expected to have four to five million visitors per year. The store´s catchment area comprises approximately 60 000 inhabitants and the store is scheduled to open during the autumn 2009. Accordingly, the scheduled future opening of stores for which contracts have been concluded to date is as follows: 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, Croydon/London in England between November 2008 and January 2009, Motala in Sweden December 2008, Falun in Sweden and Hønefoss in Norway February 2009, Molde in Norway March 2009, Nordby/Strömstad in Sweden June 2009, Frölunda and Värnamo 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 88 stores and the 18 stores under contract, Clas Ohlson will have a total of 106 stores, with 51 of them in Sweden, 38 in Norway, 16 in Finland and one in the UK. For further information, please contact: Bo Heyman, Director of establishment; Tel +46 247 444 90, Mobile +46 70 597 44 90 John Womack, Director of Information and Investor Relations; Mobile +46 70 678 24 99