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Erik Gumabon to leave Hemtex

The Board of Hemtex has reached an agreement with Erik Gumabon that he will leave is position as President of Hemtex. Peder Larsson, formerly President of ICA Sweden and recently appointed acting president of Cervera, has been appointed as acting president of Hemtex until a permanent president is recruited. Under the leadership of Erik Gumabon, Hemtex has undergone major, and for the company, essential changes. An extensive program of readjustment has taken place where foreign operations have been closed down, a new supply chain system within stocks and logistics has gone into operation,

Operating loss amounted to SEK 163.3 M, whereof SEK 30.7 M comprised nonrecurring costs

Six months (January 2010 – June 2010) · Net sales amounted to SEK 505.3M (566.2), down 10.8% compared with the year-earlier period. · Sales in the Group’s comparable stores were negative 4% (neg: 24). · Gross profit amounted to SEK 256.9M (282.5), corresponding to a gross margin of 50.8% (49.9). · Loss after tax amounted to SEK 133.9 M (loss: 94.4). A loss per share before dilution of SEK 3.26 (loss: 2.99). · Operating cash flow after investments was negative SEK 50.5 M (neg: 100.7). The second quarter (April 2010 – June 2010) · Net sales amounted to SEK 235.4M (276.

Including costs for closing down operations in Denmark and Norway operating loss amounted to SEK 99.8 M

The first quarter (January 2010 – March 2010) • Net sales amounted to SEK 269.9 M (290.1), down 7% compared with the year-earlier period. • Sales in the Group’s comparable stores were unchanged 0% (neg: 27). In local currencies sales trend were positive in all markets. • Gross profit amounted to SEK 124.8 M (147.3), corresponding to a gross margin of 46.2% (50.8). • Loss after tax amounted to SEK 80.1 M (loss: 32.6). A loss per share before dilution of SEK 1.95 (loss: 1.1). • Operating cash flow after investments was negative SEK 32.1 M (neg: 19.9). • Nine stores where closed during the

NOTIFICATION OF ANNUAL GENERAL MEETING IN HEMTEX AB (PUBL)

The shareholders of Hemtex AB (publ), corp. reg. no. 556132-7056, are hereby notified of the Annual General Meeting to be held on Monday April 12, 2010 at 4:30 p.m. at Pulsen Konferenscenter in Borås. Registration Shareholders who intend to participate in the Annual General Meeting must, in part, be listed, in Euroclear Sweden AB’s shareholder register by Tuesday April 6, 2010 and, in part, notify the company not later than 4:00 p.m. on Wednesday April 7, 2010 at the following address: Hemtex AB, Årsstämma, Box 495, 503 13 Borås or fax 033 - 20 69 91 or via e-mail: ir@hemtex.se. The

Hemtex to divest store portfolio in Norway

The home textile chain Hemtex has performed a thorough analysis during the year aimed at mapping the Group’s market situation in and outside Sweden. Based on this work, Hemtex disclosed in its year-end report, which was issued on February 16, 2010, that the Group is to implement a responsible divestment of Group stores in Denmark, reduce the number stores in Finland by approximately half and review the store portfolio in Norway. This review has now been completed. Accordingly, the Group has decided to implement a responsible divestment of all ten stores in Norway.”The divestment of

Operating loss of SEK 148.0 M

The abbreviated fiscal year (May 2009 – December 2009) • Net sales amounted to SEK 916.8 M (1,012.2), down 9.4% compared with the preceding year. Sales in the Group’s comparable stores decreased by 9.2% (neg: 16.4). • Loss after tax amounted to SEK 121.3 M (profit: 23.0). A loss per share before dilution of SEK 3.04 (earnings: 0.78). • Operating cash flow after investments was positive SEK 37.8 M (pos: 35.2), up 7 % compared with the preceding year. • The operating result was charged with nonrecurring costs of SEK 109.7 M (13.0). Before these costs, an operating loss of SEK 38.3 M (profit:

Hemtex donates items to charity

During December 2009, the home textile chain Hemtex implemented an inventory of the stocks in its Swedish and Finnish stores. The purpose was to identify items from older ranges that could fulfill an important function of being used as aid abroad. As a result, a total of about 370,000 items at an inventory value of approximately SEK 9.4 million were identified. These items have since been donated to Human Bridge, the joint cooperative organization of Läkarmissionen and Erikshjälpen.“Human Bridge has an excellent reputation for its work, which includes equipping hospitals and clinics in

Hemtex Nomination Committee appointed

According to the principles for the Nomination Committee established at the Annual General Meeting in 2009, the Nomination Committee shall comprise the Chairman of the Board and three members representing the three largest shareholders in terms of voting rights. Prior to the 2010 Annual General Meeting, the following members have been appointed to Hemtex’s Nomination Committee: • Per Wiberg, Chairman of the Hemtex AB Board • Fredrik Hägglund, Hakon Invest AB • Peter Sigfrid, AB Industrivärden • Nils Kloumann Selte, Bomax AS In total, the Nomination Committee thereby represents approximately

Hemtex appoints new Chief Financial Officer

Hemtex’s current CFO, Tommy Svensson, has decided to step down after nearly ten years in the position. Hemtex has appointed Ulf Segerström as its new CFO, effective January 18, 2010. Ulf Segerström will join Hemtex from the dairy Group, Milko, where he has been CFO since 2005.“I became CFO of Hemtex in March 2000 and have experienced an extraordinary period in the Group’s development in terms of expertise and becoming ready for the stock exchange, as well as an expansion of stores and the workforce. It thus seems like the right time to seek new challenges with the experiences that I have

Interim report May 1, 2009 - October 31, 2009

Operating loss of SEK 87.0 MSix months (May 2009 – October 2009) • Net sales amounted to SEK 585.3 M (661.8), down 12% compared with the preceding year. Sales in the Group’s comparable stores decreased by 13% (neg: 19). • Loss after tax amounted to SEK 76.7 M (loss: 0.3). A loss per share before dilution of SEK 1.95 (loss: 0.01). • Operating cash flow after investments was negative SEK 79.7 M (neg: 54.3). • The operating result was charged with nonrecurring costs of SEK 20.5 M (0.0) Second quarter (August 2009 – October 2009) • Net sales amounted to SEK 268.4 M (309.1), down 13% from the

Hemtex’s Extraordinary Shareholders’ Meeting approved the change of the fiscal year

The Extraordinary Shareholders’ Meeting of Hemtex AB (publ) today approved the Board of Directors’ resolution that the company’s Articles of Association (paragraph 10) be amended so that the previous definition of the fiscal year as the period from May 1 to April 30 be changed whereby in the future the company’s fiscal year will be the calendar year (January 1 – December 31). This change is being made to adapt to the fiscal year applicable in the Parent Company’s Group. Majority decision The decision was unanimous. Changed financial reporting dates The year-end report for the abbreviated

Information on Hemtex in Hakon Invest AB’s interim report

Since the end of June, Hemtex has been a subsidiary of Hakon Invest AB. Because Hakon Invest AB is publishing its interim report today, November 4, we would like to inform the public that this report also contains previously undisclosed information on the performance of Hemtex. The information disclosed in Hakon Invest AB’s interim report pertains to the period July-September 2009, a period that deviates from Hemtex’s normal reporting period during the company’s split fiscal year. Net sales for the period July-September 2009 amounted to SEK 296.4 (324.3) M and the company reported an

Notification of Extraordinary General Meeting of Hemtex AB (publ.)

The shareholders of Hemtex AB (publ.), Corp. Reg. No. 556132-7056, are hereby notified of an Extraordinary General Meeting to be held on Wednesday, December 2, 2009.REGISTRATION Shareholders who intend to participate in the Annual General Meeting must be listed in Euroclear Sweden AB’s shareholder register by Friday, November 26, 2009 and notify the company no later than 4:00 p.m. on Monday, November 29, 2009 at the following address: Hemtex AB, Årsstämma, P. O. Box 495, SE-503 13 Borås, Sweden or by fax at +46 (0)33 - 20 69 91 or e-mail ir@hemtex.se. The registration must include name,

Erik Gumabon takes over as CEO on November 1

Erik Gumabon, who was appointed as President and CEO of Hemtex on September 15, will take up his position on November 1, 2009. Sales and Marketing Director Mats Olsson has today been appointed as acting CEO of Hemtex until Erik Gumabon takes up his post.“It feels reassuring that Erik Gumabon will be in place as early as November. In order to ensure continued momentum in both strategic work and the daily operations, Sales and Marketing Director Mats Olsson has been appointed acting CEO for the month of October”, says Per Wiberg, Chairman of Hemtex. Mats Olsson is 45 and has been working at

Erik Gumabon new CEO for Hemtex

Göran Ydstrand has decided to leave Hemtex and his position as CEO. As a consequence of this, the Board of Hemtex has appointed Erik Gumabon as the company’s new President and CEO. He will take up his position as soon as possible, but not later than February 2010. Göran Ydstrand will remain as CEO until Erik Gumabon assumes his duties.Erik Gumabon is 41 and in his present role as President and CEO of Milko, he has implemented an extensive program of change over a two-year period that is designed to improve profitability and clarify the business focus and product range. From 2004 to 2008, he

Release from Annual General Meeting of Hemtex AB

Hemtex’s Annual General Meeting in Borås today passed the following resolutions, among others: Adoption of income statements and balance sheets The income statements and balance sheets were adopted. Resolution on the discharge from personal liability The Meeting approved the resolution on the discharge of the Board of Directors and the President from personal liability for the 2008/2009 fiscal year. Director fees The Meeting resolved that the fees to be paid to Members of the Board would total SEK 1,190,000 for the period extending until the next Annual General Meeting, whereby the Chairman

Interim Report May 1, 2009 – July 31, 2009

Operating loss of SEK 39.4 MFirst quarter (May 1, 2009 – July 31, 2009) • Net sales amounted to SEK 316.9 M (352.7), down 10.1% on the year-earlier period. Sales in the Group’s comparable stores declined 14% (decrease: 13). • Loss after tax amounted to SEK 35.1 M (profit: 6.5). A loss per share before dilution of SEK 0.93 (earnings: 0.22). • Operating cash flow after investments was negative SEK 14.0 M (pos: 41.1). • Hakon Invest AB holds 68.5% of the share capital in Hemtex AB on completion of its mandatory takeover offer. • Proceeds from the completed rights issue amounted to SEK 164 M

Hemtex has 23.7% of the Swedish market

Hemtex, the market leader in the Swedish market for home textiles, lost market share during the first half of 2009. From January to June 2009, the value of the Swedish home textiles market declined by 3%, according to the most recent figures from the market research company GfK. The figures show a distinct increase in the market share for home textiles sold via discount stores.Measured over the past 12 months, July 2008 – June 2009, the figures indicate that Hemtex’s market share amounted to 23.7% during the period, compared with 27.4% for the year-earlier period. The closest competitors

Notification of Annual General Meeting of Hemtex AB (publ.)

The shareholders of Hemtex AB (publ.), Corp. Reg. No. 556132-7056, are hereby notified of the Annual General Meeting to be held on Wednesday, September 2, 2009, at 4:30 p.m. at Pulsen Konferenscenter, Borås.Registration Shareholders who intend to participate in the Annual General Meeting must be listed in Euroclear Sweden AB’s (formerly VPC AB) shareholder register by Thursday, August 27, 2009 and notify the company not later than 4:00 p.m. on Friday, August 28, 2009 at the following address: Hemtex AB, Årsstämma, P. O. Box 495, SE-503 13 Borås or by fax at +46 (0)33 - 20 69 91 or e-mail at

Statement regarding Hakon Invest’s mandatory takeover offer on Hemtex

The Board of Directors of Hemtex has deemed Hakon Invest’s offer of SEK 23 per share to be inadequate since the offer does not reflect the Board’s perception of the company’s long-term potential. Therefore, the Board recommends the shareholders not to accept the offer.On April 28, 2009, Hakon Invest AB (publ) (“Hakon Invest”) submitted a cash tender offer to the shareholders of Hemtex AB (publ) (“Hemtex”) in compliance with the Swedish rules for mandatory takeover offers. Hakon Invest offeres SEK 23 in cash per share together with an add-on premium of SEK 4 per share, which will be payable

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