RNB RETAIL AND BRANDS AB's rights issue fully subscribed

RNB RETAIL AND BRANDS AB's rights issue fully subscribed

The preliminary results of RNB RETAIL AND BRANDS AB's (”RNB”) rights issue show
that approximately 55,988,800 shares, representing approximately 98 percent of
the total rights issue, have been subscribed with subscription rights. In
addition, 8,835,700 shares, representing approximately 15 percent of the total
rights issue, have been subscribed without subscription rights. Final results
will be made public on or about September 30, 2008.

Shares that were not subscribed with subscription rights will be distributed to
shareholders who have subscribed for shares without preferential rights
according to the principles described in the prospectus. The rights issue is
thus fully subscribed. Through the rights issue RNB will receive approximately
SEK 342 million before transaction costs.

The terms of the rights issue implied that shareholders, with preferential
right, could subscribe for one new share for each old share held. The issue
price was SEK 6 per share. Last day for subscription was September 18, 2008.
Through the rights issue the number of shares in RNB is increased by 57,078,832
and the share capital is increased by SEK 57,078,832. After the rights issue,
the company's share capital totals SEK 114,157,664 and the number of shares
totals 114,157,664. The newly issued shares are scheduled to trade on the Nordic
Exchange Stockholm Mid Cap list from and including the 9th of October 2008. The
rights issue is carried out in order to strengthen RNB's financial position.


RNB RETAIL AND BRANDS AB (publ)


For more information, please contact:
Mikael Solberg, CEO, +46-8-410 520 20
Göran Blomberg, CFO, +46-8-410 520 99
Cecilia Lannebo, Investor Relations, +46-8-410 520 45


The information has been made public according to the securities and market act
and the financial instruments trading act. This information was published at
12:30 on September 23, 2008.


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.