Nomination Committee’s proposal to the Annual General Meeting of RNB RETAIL AND BRANDS AB on January 24, 2006

Jan Carlzon and Pelle Törnberg proposed as members of the Board

Prior to the Annual General Meeting of RNB RETAIL AND BRANDS AB, the company’s Nomination Committee is proposing the re-election of the Board’s Chairman Claes Hansson and Board members Eva Kempe Forsberg, Hans Risberg and Mikael Solberg and the new election of Jan Carlzon and Pelle Törnberg. A Board fee of SEK 550,000 is proposed, to be distributed among the Board members. Jan Carlzon was formerly President and CEO of SAS and is currently Chairman of the Board of Ledstiernan AB, among other positions. Pelle Törnberg is President and CEO of Metro International S.A. and, among other positions, is member of the Board of Modern Times Group MTG AB. 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 Claes Hansson, Board Chairman, RNB RETAIL AND BRANDS +46 (0)511-34 53 04, +46 (0)708-35 09 88, e-mail: claes.hansson@westergyllen.se