Contract signed for a new store in Finland

| Source: Clas Ohlson AB Clas Ohlson AB 

Contract signed for a new store in Finland

 

Clas Ohlson has signed a contract regarding a new store at Myyrmanni
Shopping Center, Vanda, Finland. The retail space will amount to a total
of 1,214 square metres. The store's catchment area comprises
approximately 97,600 residents and the store is scheduled to open in
December 2011.

Future store establishments that have been contracted to date are:
Buskerud Storsenter Shopping centre, Nedre Eiker, Norway in September
2011; Erikslund, Västerås, Sweden in September 2011; Palokka Shopping
area, Jyväskylä, Finland in September 2011; Byporten Kjøpesenter, Mo i
Rana, Norway in October 2011; Bogstadsveien, Oslo, Norway in October
2011; Alta, Norway in October/November 2011; Karisma, Lahti, Finland in
November/December 2011; Myyrmanni Shopping Center, Vanda, Finland in
December 2011; Valbo Shopping Center, Gävle, Sweden in February 2012;
Storheden Shopping area, Luleå, Sweden in February 2012; Elverum, Norway
in February/March 2012; Kongssenteret Shopping Centre in Kongsvinger,
Norway in winter/spring 2012; Norrtälje, Sweden in spring 2012;
Ängshagen Shopping area, Lidköping, Sweden in spring 2012; Willa
Shopping Centre, Hyvinkää, Finland in October 2012; Matkus Shopping
area, Kuopio, Finland in October 2012; Amfi Ørsta, Ørsta, Norway in
autumn 2012; Norra Backa Shopping area, Borlänge, Sweden in autumn 2012;
Emporia, Malmö, Sweden in October 2012 and Mobilia Shopping Centre,
Malmö, Sweden in autumn 2013.

During the 2011/12 financial year we aim to establish 17-22 stores of
which 2-4 in Finland and 1-4 in the UK. With currently 145 stores and 20
contracted stores, Clas Ohlson will have a total of 165 stores, of which
71 in Sweden, 59 in Norway, 23 in Finland and 12 in the UK.

For further information, please contact:

Bo Heyman, Director of Retail expansion, Mobile +46 (0)70-597 44 90.

John Womack, Director of Information and Investor Relations, +46
(0)247-444 05.

Sampo Päällysaho, Managing Director of Clas Ohlson OY, Finland; Mobile
+358 (0)43 824 4431.