The Board of Directors withdraws its proposal to list Polarn O. Pyret and proposes that the dividend for the 2006/2007 fiscal year be increased to SEK 1.50 kronor (0.41) per share.

The Board of Directors withdraws its proposal to list Polarn O. Pyret and
proposes that the dividend for the 2006/2007 fiscal year be increased to SEK
1.50 kronor (0.41) per share.

Polarn O. Pyret
In October 2007, the Board of Directors of RNB decided to implement an inquiry
into the potential for distributing the shares in the subsidiary Polarn O. Pyret
to the shareholders, in accordance with Sweden's Lex Asea rules, and in this
connection to list Polarn O. Pyret on the OMX Nordic Exchange.

After having evaluated the market's attitude to such a spinoff and listing of
Polarn O. Pyret, and the operational advantages that would result from an
increased focus on and separate listing of the subsidiary, the Board, after
evaluating all of the considerations, has arrived at the overall conclusion that
the best solution would be to withdraw the proposal to spin off and separately
list Polarn O. Pyret.

The Board of Directors' proposed dividend for fiscal year 2006/2007
The Board of Directors proposes that the dividend for fiscal year 2006/2007 be
increased to SEK 1.50 (0.41) per share.


RNB RETAIL AND BRANDS AB is organized on the basis of two business areas -
Polarn O. Pyret and a distribution platform for national and international
brands. Polarn O. Pyret is a brand focused on baby and children's wear. The
distribution platform consists of two main areas, Department Stores and Store
Concepts. Department store operations are conducted via stores in the NK, Steen& Ström, Illum and Kosta oulet department stores. The store concepts comprise
JC, J-Store, Brothers and Sisters.