New preliminary timetable for the execution of RNB's take over bid on JC

RNB has decided to bring forward the execution of the offer to the shareholders and holders of warrants in JC. The new preliminary timetable follows below.

A prospectus regarding the offer is expected to be distributed to the shareholders and warrantholders in JC in the middle of June. The acceptance period for the offer is expected to commence shortly thereafter and end on or around June 7, 2006. Provided that RNB completes the offer no later than on or around July 12, 2006 settlement for those who have accepted the offer is expected to commence about a week thereafter. The General Meeting of shareholders in RNB, which will resolve on the issue of new shares to be used in the offer, is expected to be held on July 4, 2006. For further information, contact: Mikael Solberg, President 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