News release from the Extraordinary General Meeting of AB Lindex

News release from the Extraordinary General Meeting of AB Lindex

The Extraordinary General Meeting of AB Lindex held on 26 September 2007
instructed the Board of Directors to bring forward a transaction (”the
Transaction”), structured largely as follows: A dormant company held outside of
the Lindex Group with the proposed name of Lindex Holding AB and with a share
capital of SEK 500,000 minimum, will raise bank loans or arrange other
appropriate financing on market terms of up to SEK 3 billion. It will also make
a public offer to the shareholders of Lindex to transfer all their shares in
Lindex to Lindex Holding. The offer shall be structured such that the
shareholders are offered cash or promissory notes for a certain proportion of
their shares and new shares in Lindex Holding for their remaining shares. The
new shares in Lindex Holding shall entitle shareholders to an ownership which,
on full acceptance of the offer, is equivalent to the proportion the shareholder
held in Lindex before the offer. The offer from Lindex Holding shall be subject
to normal, waivable conditions, including a 90 per cent acceptance level. 

The transaction involves a recapitalisation of Lindex which in the opinion of
the Board of Directors is in the interest of the company and its shareholders.
However, the Transaction will also act as a defensive action, as defined in
Chapter 5 Section 1 of the Swedish Act on Takeover Bids, against KappAhl's offer
which, in the opinion of the Board of Directors, does not reflect the full value
of Lindex. The resolution in favour of the proposal is, therefore, an
authorisation of such defensive action. 

The Swedish Financial Supervisory Authority has put questions to Lindex in
connection with an investigation as to whether Lindex fulfilled its obligations
in accordance with the Swedish Act on Takeover Bids when the company published
its proposal for recapitalisation. Lindex has replied to these questions and the
issue has since been abandoned.

The intention is that the transaction will be carried out in accordance with the
timetable outlined below. 

2007
Oct	Publication of the public offer from Lindex Holding for the recapitalisation
Oct/Nov	Offering Memorandum for Lindex Holding's public offer 
Nov/Dec	Application period for Lindex Holding's public offer
Dec	Listing of Lindex Holding
Dec	Payment of 44 SEK per share

2008
Jan	Call for compulsory redemption of remaining shareholders in Lindex
Jan	Delisting of Lindex


For further information, please contact:
Conny Karlsson, Chairman of the board	
Telephone: + 46 (0)705 21 19 18

Sara Carlsson, Acting Corporate Communications Director   
Telephone: +46 (0)31 739 50 70               
Mobile: +46 (0)708 81 14 88

Lindex inspires women and their children with co-ordinated and value-for-money
fashion. With around 350 stores in Sweden, Norway, Finland, the Czech Republic,
Lithuania, Estonia and Latvia, Lindex is one of the largest fashion chains in
Northern Europe. Lindex's product areas are Ladies' Wear, Lingerie, Children's
Clothing and Cosmetics.

www.lindex.com