Information from Lindex with reference to Stockmann's offer document In view of the fact that Stockmann's terms for the registration of the Lindex brand in Russia have been met and that Stockmann's offer document has been completed, Lindex is giving the following information: In view of the offer, the Lindex Board of Directors has decided to postpone the company's Annual Meeting of shareholders until 20 February 2008, at 4 p.m. in Gothenburg. With the intention to not make the completion of the offer from Stockmann more difficult, Lindex has undertaken to consult with Stockmann regarding the implementation of the recapitalisation announced on 3 September 2007. The Lindex Board of Directors will not complete the recapitalisation if the offer to the shareholders is completed. In accordance with the rules and regulations relating to public takeover bids, the Lindex Board of Directors has prepared the appended complete recommendation to the shareholders which will be reproduced in Stockmann's offer document. The complete recommendation does not involve any change to what has previously been announced, but has only been adapted to what applies for entry in the offer document. AB Lindex Board of Directors Appendix to this press release: Statement by the Board of Directors of AB Lindex (publ) in relation to the offer by Stockmann Oyj Abp for the shares of AB Lindex (publ) For further information, please contact: Conny Karlsson, Chairman of AB Lindex, +46 705 21 19 18 Appendix 1. Statement by the Board of Directors of AB Lindex (publ) in relation to the offer by Stockmann Oyj Abp for the shares of AB Lindex (publ) This statement is issued by the Board of Directors of AB Lindex (publ) (“Lindex”) pursuant to Section II.14 of OMX Nordic Exchange Stockholm Rules concerning Public Offers for the Acquisition of Shares. All members of the Board of Directors have participated in the handling of this matter. The Board of AB Lindex has on September 30, 2007, received an offer for Lindex from the Finnish listed company Stockmann Oyj Abp. The offer consists of SEK 116 in cash for each share in Lindex. The Board has decided to recommend the shareholders to accept the offer from Stockmann. The Board finds the offer reasonable from a financial perspective, taking into consideration a fairness opinion delivered by Handelsbanken Capital Markets. The Board shares the view expressed by Stockmann in the Offer Document as regards the consequences of the implementation of the offer on Lindex's and Stockmann's strategic plans for Lindex and the effects this can be expected to have on employment and the sites where Lindex has activities. The Board is of the view that Stockmann can be expected to actively contribute to the growth and development of Lindex in accordance with the strategy laid down by the Board. Gothenburg in October 2007 AB Lindex (publ) Lindex business idea is to offer inspiring affordable fashion. The product range includes a range of concepts in women's lingerie, women's wear, children's wear and cosmetics. Lindex is one of Northern Europe's largest fashion chains with around 350 stores in Sweden, Norway, Finland, Estonia, Latvia, Lithuania and the Czech Republic. Read more at www.lindex.com
Information from Lindex with reference to Stockmann's offer document
| Source: Lindex, AB