Håkan Lundstedt to leave position of CEO of Mekonomen

Mekonomen’s President and CEO Håkan Lundstedt has informed the Board of
Directors of Mekonomen that he intends to leave his position. He will remain in
his current role during his period of notice.

The process of finding a new President and CEO for Mekonomen will commence
immediately and will be headed by Mekonomen Chairman Fredrik Persson.

Håkan Lundstedt became President and CEO of Mekonomen in 2007 and has played a
key role in the work to develop the Group in accordance with the strategy that
was established at that time.

“On behalf of the Board and myself, I want to express great appreciation of the
manner in which Håkan Lundstedt, together with the rest of the organisation, has
developed Mekonomen over the past eight years. Under Håkan’s leadership, we have
built a stable platform for the next phase of Mekonomen’s development, which
creates excellent conditions for the next President to oversee the company’s
continued expansion,” says Fredrik Persson, Chairman of Mekonomen.

Following completion of his work for Mekonomen, Håkan Lundstedt intends to
assume the position of President and CEO of Synsam.

For further information, please contact:

Fredrik Persson, Chairman of Mekonomen AB, +46 (0)8-701 61 00, or
Håkan Lundstedt, President and CEO of Mekonomen AB, +46 (0)8-464 00 00