Announcement following Extraordinary General Meeting in RNB RETAIL AND BRANDS AB held November 17, 2005

At the Extraordinary General Meeting in RNB RETAIL AND BRANDS AB (publ) held on November 17, 2005, it was decided to issue a convertible debenture loan in the amount of SEK 40,000,000. Ljung & Ströby AB is solely entitled to subscribe. Subscription and payment shall be effected on December 1, 2005. The loan has a term from December 1, 2005 through December 22, 2006. The loan carries rights to convert to 500,000 common shares not later than December 16, 2006. The decision in its complete wording is available at the company’s office, Regeringsgatan 29, 9th floor, Stockholm, Sweden.

For additional information, contact: Mikael Solberg, Presidnet and CEO, RNB RETAIL AND BRANDS +46 (0)8-670 95 95, +46 (0)708-18 44 40, e-mail: mikael.solberg@rnb.se Göran Blomberg, CFO, RNB RETAIL AND BRANDS +46 (0)8-670 95 99, +46 (0)733-97 95 99, e-mail: goran.blomberg@rnb.se