RNB's Extraordinary Shareholders' Meeting approved the rights issue 1:1 at a subscription price of SEK 6.00 per share

RNB's Extraordinary Shareholders' Meeting approved the rights issue 1:1 at a
subscription price of SEK 6.00 per share

RNB's Extraordinary Shareholders' Meeting today approved the Board of Directors'
decision resolved on July 18, 2008 regarding the rights issue in RNB. According
to the terms of the rights issue, which were set by the Board of Directors on
August 21, 2008, the company's shareholders have the right to subscribe for one
new share for each old share held. The issue price is SEK 6.00 per share, which
implies that the rights issue will raise total proceeds at a maximum of
approximately SEK 342 million before transaction costs. Subscription can also be
made without preferential rights. In the event that not all shares are
subscribed for with preferential rights, the Board of Directors shall decide
upon allotment of shares, within the maximum amount of shares to be issued, to
those who have subscribed for shares without preferential rights, in accordance
with principles of allocation provided in the resolution, as previously
communicated. 

The rights issue will increase RNB's share capital with a maximum of SEK
57,078,832 through the issue of not more than 57,078,832 new shares. 

The record day at the Swedish Central Securities Depository, VPC AB, for
participation in the rights issue is August 28, 2008. The last day of trading in
the RNB share including right to participate in the rights issue is August 25,
2008. The prospectus is expected to be distributed on or about September 2,
2008. Subscription shall take place during the subscription period September 2 -
September 18, 2008, or such later date as decided by the Board of Directors.

The Extraordinary Shareholders' Meeting also resolved on an amendment to the
company's articles of association as regards to the limitations of the share
capital and the number of shares. It was resolved that the share capital shall
be at least SEK 60,000,000 and not more than SEK 240,000,000 and that the number
of shares shall be at least 60,000,000 shares and not more than 240,000,000
shares. 

Financial and legal advisors
SEB Enskilda is RNB's financial advisor. Advokatfirman Vinge is RNB's legal
advisor.

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 Market Act
and/or the Financial Instruments Trading Act. This information was published at
11.30 am on August 25, 2008.

This press release may not be announced, published or disseminated, directly or
indirectly, in the United States of America, Canada, Japan or Australia. Nothing
in this press release shall be deemed to constitute an offer to invest or
otherwise deal in shares in RNB. The contemplated share issue will not be
directed to persons domiciled or resident in the United States, Canada, Japan or
Australia, or any other country  where participation requires further
prospectuses or other offer documentation, registrations or other measures than
what follows from Swedish law, except under applicable exemption. No securities
in RNB will be registered pursuant to the United States Securities Act of 1933
or any provincial act in Canada.



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.