RNB completes the offer on JC and extends the acceptance period

• RNB’s offer to the shareholders and warrant holders in JC has been accepted by owners of approximately 89.4 percent of the share capital and votes in JC, calculated after full dilution with regard to outstanding warrants • RNB has decided to complete the offer and to extend the acceptance period until Au-gust 4, 2006, inclusive

RNB RETAIL AND BRANDS AB’s (publ) (Reg No 556495-4682) (“RNB”) public offer to the shareholders and warrant holders in JC AB (publ) (“JC”) has during the ordinary acceptance pe-riod, which ran to July 7, 2006, inclusive, been accepted by owners of in total 33,143,072 shares and 726,000 warrants in JC, corresponding to 89.4 percent of the share capital and votes in JC, calculated after full dilution with regard to outstanding warrants, and 89.2 percent of the share capital and votes before dilution. RNB has decided to complete the offer and all of RNB’s conditions, as set forth in the offer docu-ment, for the completion of the offer have thus been met or waived. The board of directors has today, with support of authorization from the general meeting and in accordance with the terms of the offer, decided to issue 20,871,016 new shares to the shareholders and warrant holders in JC that have accepted the offer. To enable participation in the offer for those shareholders in JC who have not yet submitted their acceptances to the offer, RNB has decided to extend the acceptance period until Friday August 4, 2006, inclusive. RNB may also acquire additional JC shares in the market. For shareholders and warrant holders who have accepted RNB’s offer during the ordinary acceptance period, settlement is expected to commence on or about July 19, 2006. For shareholders and warrant holders who accept the offer during the extended acceptance period, settlement is expected to commence on or about August 16, 2006. For further information, please contact: Mikael Solberg, CEO and President of RNB, tel +46 8 670 95 95, +46 708 184 440 Göran Blomberg, CFO RNB, tel +46 8 670 95 99, +46 733 979 599 RNB Retail and Brands AB Box 161 42 103 23 Stockholm