Exercise of buyback authorization in Clas Ohlson AB for guaranteeing the company’s long-term share-based incentive program.

At an Extraordinary General Meeting of Clas Ohlson AB in April 2008, the Company’s Board of Directors was authorized to take decisions on the acquisition of the company’s own shares for the purpose of guaranteeing obligations and costs for the long-term share-based incentive programme, LTI 2008. Clas Ohlson now announces that the company’s Board of Directors has taken a decision to exercise this authority for this purpose and to begin repurchasing shares. Acquisitions will take place on the OMX Stockholm Exchange at a price within the price interval registered at any given time. At present, Clas Ohlson does not hold any treasury shares. The company intends to acquire at most 645,000 B Series shares not later than the Annual General Meeting in September 2009. For further information, contact: John Womack, Director of Information and Investor Relations; tel: +46 70 678 24 99