RNB:s holding of shares and warrants in JC amounts to 98.5 percent

RNB’s holdings of shares and warrants in JC amounts to 98.5 percent after the extended acceptance period

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 in total during the ordinary and the extended acceptance periods been accepted by holders of 36,356,711 shares (of which 244,193 shares during the most recent extension of the acceptance period) and holders of 726,000 warrants in JC, corresponding to 97,9 percent of the share capital and votes in JC, calculated before and after full dilution with regard to outstanding warrants. RNB has in addition acquired 236,238 shares in JC in the market earlier during the acceptance period. In aggregate, JC shares tendered under the offer and shares acquired by RNB in the market amount to 36,592,949 shares, corresponding to approximately 98.5 percent of votes and capital in JC, calculated before and after full dilution with regard to outstanding warrants in JC. 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 151,220 new shares to the shareholders in JC that have accepted the offer during the last extended acceptance period. The JC share is now delisted from Stockholmsbörsen. The board of directors has decided not to further extend the acceptance period. For shareholders and warrant holders who has accepted the offer during the last extended accep-tance period, settlement is expected to commence on or about October 6, 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