Haglöfs, which is 100% owned by Ratos, develops, manufactures and markets clothes and equipment for an active outdoor life. Exports outside Sweden account for 72% of the company's sales.

During the past five years the company's sales have increased by approximately 17% per year and sales for 2006 are expected to total SEK 412m (SEK 328m, excluding sold units).

Ratos's CEO Arne Karlsson: "Haglöfs' sales have increased for many successive years and there is considerable interest in the company's products. Our assessment is that the trend towards a more active outdoor life will continue and that Haglöfs is therefore well placed to grow in terms of both sales and earnings in the years ahead."

Haglöfs' operating profit (EBITA) in 2005 was SEK 30m and SEK 27m (26) for the first nine months of 2006. After the refinancing, Haglöfs' net debt will be approximately SEK 130m.

For Ratos, the refinancing will have no earnings impact. The consolidated book value of Haglöfs, on the other hand, will be adjusted downwards by an amount corresponding to the distribution. The book value will then amount to approximately SEK 70m (based on the most recent interim report published by Ratos).

For further information, please contact:

Arne Karlsson, CEO Ratos, +46 8 700 17 00

Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 70 399 62 39

Mats Hedblom, CEO Haglöfs, +46 70 528 70 07

Financial calendar from Ratos:

Year-end report 2006	22 February 2007
Annual General Meeting	11 April 2007
Interim report January-March	9 May 2007
Interim report January-June	21 August 2007
Interim report January-September	9 November 2007