Göran Bille - New President and CEO of Lindex

Göran Bille - New President and CEO of Lindex AB Lindex Board of Directors has appointed Göran Bille as new President and CEO. Bille is currently President of H&M Rowells. Göran Bille has had several leading positions within H&M and has more than 20 years' experience from the retail clothing business. Göran Bille, 49 years old, is currently President of H&M Rowells. In addition, he has been Country Manager of H&M Sweden, Division Manager of H&M Ladies' Wear for ten years and responsible for H&M's purchasing office in Hong Kong and purchasing and production in London. - Göran Bille has a solid experience of the retail clothing business. He has been acknowledged for his ability to lead and develop the employees, significantly important qualities in a staff intensive company such as Lindex, says Birgitta Johansson-Hedberg, Chairwoman of AB Lindex. Göran Bille will receive a fixed salary of SEK 3,360,000 annually. He may also receive a flexible portion of not more than 3 months' salary. On termination of employment, a 12 months' mutual period of notice will apply. If the company terminates the employment, a redundancy payment will be paid for not more than 12 months after the employment has finished. Göran Bille is entitled to a pension from the age of 60. The pension plan consists of a bonus fixed plan, which will be 30 per cent of the salary. For photo and Curriculum Vitae of Göran Bille please visit www.lindex.com/press or www.waymaker.se Board of Directors AB Lindex (publ) For further information, please contact: Birgitta Johansson-Hedberg, Chairwoman Mobil: +46 702 18 02 83 Göran Bille Mobil: +46 70 796 54 05 Ulrika Danielson, Director of Corporate Communications Tel: +46 739 50 05 Mobil: +46 709 50 16 13 Conny Karlsson, Acting President and CEO Tel: +46 739 50 02 Mobil: +46 705 21 19 18 The Lindex Group consists of two retail chains: Lindex, which has 316 stores in the Nordic market and 30 stores in Germany, and Twilfit, which has 59 stores in Sweden of which ten are operated as franchise stores. The Group's business areas are Lingerie, Ladies' Wear and Children's Clothing. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/12/20040712BIT00040/wkr0001.pdf http://www.waymaker.net/bitonline/2004/07/12/20040712BIT00040/wkr0002.pdf Appendix http://www.waymaker.net/bitonline/2004/07/12/20040712BIT00040/bild.html Pictures