Lindex Interim Report for the first quarter

1 September 2004–30 November 2004 The German operation achieved a positive cash flow during the quarter

• The Lindex Group’s sales fell by 4.0 (+1.5) per cent to SEK 1,330M (1,385). Same-stores sales, excluding the currency effect, fell by 2.5 per cent. • Profit after tax amounted to SEK 79M (57), equivalent to SEK 5.70 (4.10) per share. • Profit after financial items increased by 31.0 per cent and amounted to SEK 115M (88). • Operating profit increased to SEK 116M (88). The operating margin rose to 8.7 (6.3) per cent. The gross margin was unchanged compared with the previous year and amounted to 59.5 (59.5) per cent. • The results in Germany continued to improve and the target of a positive cash flow from the current operations, excluding the cash flow from decided structural costs, was achieved during the quarter. • Lindex intends to conclude rental agreements for around ten new stores, mainly in Germany, Finland and the Baltic States during the 2004/2005 financial year. For further information, please contact: Göran Bille, President and CEO Telephone: +46 31 739 50 02 Mobile: +46 703-44 43 04 Peter Andersson, Chief Financial Officer Telephone: +46 31 739 50 10 Mobile: +46 705-84 44 37