Management Change

Management Change

CDON Group AB (publ.), one of the leading e-commerce groups in the
Nordic region, today announced that Mikael Olander has tendered his
resignation as President and Chief Executive Officer to the Group's
Board of Directors. Mikael Olander has a twelve month notice period and
will continue in his current role until a replacement has been appointed
and he has handed over his responsibilities. A search will be initiated
immediately to recruit a suitable successor, as CDON Group moves into
the next stage of its development following its demerger from Modern
Times Group MTG AB and its listing on Nasdaq OMX Stockholm in December
2010.

Hans-Holger Albrecht, Chairman of the Board of Directors, commented: “I
would like to thank Mikael for his eleven years of dedicated service and
leadership. He has successfully managed the largely organic development
of CDON Group into a leading e-commerce player in the Nordic region, and
has overseen the first steps in its international expansion. CDON Group
is well-positioned to continue to capitalise on the ongoing migration of
retail sales from the high street to the internet, and has established
itself as the market leader across four key vertical segments, with a
range of well recognised internet stores with broad product
assortments.”  

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For more information, please visit
www.cdongroup.com (http://www.cdongroup.com/) or contact:
Hans-Holger Albrecht, Chairman
Tel.:                         +46 (0) 8 562 000 50

Questions from investors and analysts:
Martin Edblad, Chief Financial Officer
Tel.:                         +46 (0) 700 80 75 03
E-mail:                   ir@cdongroup.com            

Press queries:
Fredrik Bengtsson, Head of Communications                              
Tel.:                         +46 (0) 700 80 75 04
E-mail:                   press@cdongroup.com