Three-Month Report 1 December 2005 - 28 February 2006

• Group turnover excluding VAT amounted to SEK 15,071 M (12,610), an increase of 20 per cent. With comparable exchange rates, the increase was 14 per cent. Turnover including VAT was SEK 17,686 M (14,820). • Profit after financial items amounted to SEK 2,680 M (2,309), an increase of 16 per cent. Group profit after estimated tax was SEK 1,809 M (1,501), corresponding to earnings per share of SEK 2.19 (1.81). • Gross profit for the period amounted to SEK 8,514 M (7,167), which corresponded to a margin of 56.5 per cent (56.8 per cent). • Operating profit amounted to SEK 2,574 M (2,204). Operating margin was 17.1 per cent (17.5). • Greece to become new H&M market. Planned opening in Athens during spring 2007. Contact persons: Nils Vinge, IR +46 8 796 52 50 Leif Persson, CFO +46 8 796 13 00 Rolf Eriksen, CEO +46 8 796 52 33 Switchboard +46 8 796 55 00 For background information about H&M and press pictures please see www.hm.com.