Proposed incentive programme in Lagercrantz Group

The Board of Directors of Lagercrantz Group has decided to propose that the 2008 Annual General Meeting passes a resolution to offer managers and senior officers in the Group to acquire call options on repurchased shares in the Company.

The proposal is based on the three-year recurring programme resolved by the 2006 Annual General Meeting under which approximately one third of the call options would be issued in conjunction with the 2006 Annual General Meeting, approximately one third in conjunction with the 2007 Annual General Meeting and approximately one third in conjunction with the 2008 Annual General Meeting. The total number of options during these three years will not be more than approximately 3.0 percent of the number of shares outstanding, including repurchased shares held in treasury. To the 2008 Annual General Meeting (2008 award) the Board of Directors proposes that 180,500 options on repurchased class B shares held in treasury are offered to a maximum of 35 associates in the Group. The 2006 and 2007 awards were for a total of 515,000 call options. The size of the 2008 award is subject to approval by the 2008 Annual General Meeting resolution to cancel the portion of the repurchased share held in treasury not required to cover the Company’s obligation under the incentive programme.

For the purpose of encouraging participation on the programme, Lagercrantz will subsidise the offer. The effect on earnings per share, according to indicative evaluations, is marginal in case of full participation.

The term of the call options will be 3.25 years, with the possibility of exercise them after three years. The remaining main terms and conditions of the programme will be announced in connection with publication of the notice for the Annual General Meeting at the end of July.


Stockholm, 25 June 2008

Lagercrantz Group AB (publ)

For additional information, please contact:

Anders Börjesson, Chairman of the Board of Directors, telephone +46 8 700 66 70.
Jörgen Wigh, President & CEO, Lagercrantz Group, telephone +46 8 700 66 70.
Niklas Enmark, CFO, Lagercrantz Group, telephone +46 8 700 66 70.

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with OMX Nordic Exchange.