Report from MQ Holding AB’s Annual General Meeting 2011

MQ Holding AB held its Annual General Meeting on 31 January 2011 in Gothenburg. The Parent Company and Group’s income statements and balance sheets for the fiscal year of 2009/2010 were approved at the meeting. The meeting further passed the motion by the Board of Directors’ regarding the appropriation of profits and resolved to issue a dividend of SEK 1.02 per share. The record date was established as Thursday, 3 February 2011 and payment is expected to be made via Euroclear Sweden AB on Tuesday, 8 February 2011. The Board of Directors and President were granted a discharge from liability for the fiscal year 2009/2010.

The Meeting resolved that the Board of Directors should comprise six Board members until the next Annual General Meeting. Erik Olsson, Göran Barsby, Christel Kinning and Thomas Nyberg were re-elected to the Board, and Jonas Lagerstedt och Eva Redhe Ridderstad were elected as new members. Erik Olsson was re-elected as the Chairman of the Board. Joachim Berner and Monika Elling declined re-election.

The Meeting resolved on annual director fees to the Board of Directors totalling SEK 1,400,000, of which SEK 400,000 is allocated to the Chairman of the Board and SEK 200,000 to each of the other Board members. The amount includes remuneration for committee work. It was further resolved that fees to the auditor during the remaining term will be paid out per approved invoices.

The Annual General Meeting also passed resolutions regarding changes to the Articles of Association necessitated by changed legislation in accordance with motions submitted to the Annual General Meeting concerning routines for notifications and the auditor’s term.

Resolutions were also passed regarding guidelines for remuneration to senior executives and the establishment of a new Nomination Committee before the 2012 Annual General Meeting.

For additional information, please contact:

Jennie Ahlgren, IR Manager, telephone +46 (0)761-25 71 20

Tony Siberg, Executive Vice President and CFO, telephone +46 (0)736-84 41 60

MQ is one of Sweden's leading retailers of fashion brands. Through a select mix of in‐house and external brands, MQ offers men's and women's clothes with a high fashion content in attractive stores. The company currently has a nationwide network of 111 stores in Sweden and its goal is to be the leading fashion brand retail chain in the Nordic region. MQ was listed on NASDAQ OMX Stockholm on 18 June 2010. For more information, see www.mq.se