Contract signed for two new stores in UK

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Clas Ohlson has signed contracts regarding additional stores in UK.

One of the new stores will be located in the Chapelfield Shopping Centre in Norwich. The retail space will amount to a total of 1,570 square metres. The store’s catchment area comprises approximately 350,000 residents and the store is scheduled to open in December 2010.

The second new store will be located in the St. Davids Shopping Centre in Cardiff. The retail space will amount to a total of 1,640 square metres. The store’s catchment area comprises approximately 430,000 residents and the store is scheduled to open in December 2010.

Future store establishments that have been contracted to date are: Bryn Senter, Oslo, Norway in August 2010; Bromma, Stockholm, Sweden in September 2010; Liljeholmen, Stockholm, Sweden and Lambertseter, Oslo, Norway in October 2010; Drottninggatan, Stockholm, Sweden and Kiruna, Sweden in October/November 2010; Jönköping, Sweden in November 2010; Lillehammer, Norway, Mediagården, Stavanger, Norway and Dikeveien, Fredrikstad, Norway in November 2010; Brierley Hill, Birmingham, UK in November/December 2010; Chapelfield Shopping Centre, Norwich, UK and St. Davids Shopping Centre, Cardiff, UK in December 2010; Kristansund, Norway in March 2011; Gränby, Uppsala, Sweden in autumn 2011; Erikslund, Västerås, Sweden in September 2011; Alta, Norway in October/November 2011; Bodø and Elverum, Norway in November 2011; Norrtälje, Sweden in spring 2012 and Emporia, Malmö, Sweden during the 2011/2012 financial year.

Clas Ohlson plans to 17-22 new stores during the 2010/2011 financial year, of which 6-10 in the UK. With currently 121 stores and 21 contracted stores, Clas Ohlson will have a total of 142 stores, of which 65 in Sweden, 51 in Norway, 16 in Finland and 10 in the UK.

For further information, please contact:

Bo Heyman, Director of Establishment, Mobile +46 (0)70-597 44 90.

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 and Leeds.