Lars Andréason appointed head of business area Sweden

Clas Ohlson has appointed Lars Andréason as head of the company’s operations in Sweden. Lars Andréason has long-standing experience of management, sales and marketing gained from various consumer-oriented operations, such as home electronics. Lars joins Clas Ohlson from the electronics chain Siba, where he has been Nordic Sales Manager since 2004. Prior positions include roles as marketing manager at Fuji Film Sweden and head of business area consumer services at Bredbandsbolaget. “We are delighted to be able to present Lars Andréason as the new head of our Swedish operations. Lars has a solid and successful background in the consumer products sector and will play a key role in leading our business in our largest market, Sweden”, says Klas Balkow, President and Chief Executive Officer of Clas Ohlson. “I really look forward to taking part in the development of Clas Ohlson in Sweden. Clas Ohlson has a fantastic concept and a strong corporate culture and thus a strong base upon which to build. I also take a highly favourable view of participating in the company’s current phase of development, with a number of change-oriented projects combined with continued international expansion”, says Lars Andréason, forthcoming head of business area Sweden. Lars Andreason will assume his new position by 1 December 2008. For further information, contact: Klas Balkow, President and CEO, tel: +46-247-444 00 Lars Andréason, forthcoming head of business area Sweden, tel: +46-733-229 119 John Womack, Director of Information and Investor Relations, tel: +46-70-678 24 99