JOHAN ÅBERG STARTS AS CEO OF KAPPAHL

JOHAN ÅBERG STARTS AS CEO OF KAPPAHL

According to previous press release, Johan Åberg has been employed as
President and CEO of KappAhl. It is now made clear that Johan Åberg
starts today.

- We are very pleased that Johan will join us and that he can start now.
With his vast experience and competence he will bring a lot, says
Christian W. Jansson, President and CEO of KappAhl.

Johan Åberg is 50 years old, has studied in the U.S.A. and has a degree
from IHM Business School. Johan Åberg has many years of experience from
leading positions within the retail business. During the past 2.5 years
Johan Åberg has been the CEO of Jula AB and before that CEO of Bauhaus
Sweden. Johan Åberg has former experience from work at ONOFF, New
Sports, H&M and Urban Outfitters.

- I look forward to starting my new role. The industry has certainly
some challenges and it will be interesting and fun to lead KappAhl with
its strong brand and broad product offering, says Johan Åberg, future
President and CEO.

For further information, please contact:
Johan Åberg, future President and CEO, phone +46 704 71 55 01
Christian W. Jansson, President and CEO, phone +46 709 95 02 01

For pictures and other information:
Annette Björklund, Head public relations, phone +46 704 71 55 42, e-mail
annette.bjorklund@kappahl.com

KappAhl is a leading Nordic fashion chain with more than 380 stores and
close to 4 900 co-workers in Sweden, Norway, Finland, Poland and the
Czech Republic. KappAhl designs, markets and sells value-for-money
fashion and focus in particular on women 30-50 years of age. During the
financial year 2010/2011, KappAhl had sales of close to SEK 5 billion,
with an operating profit of SEK 222 million. KappAhl shares are listed
on the NASDAQ OMX Stockholm. In 1999, KappAhl was the first fashion
chain to receive environmental management standard certification.
Further information is available at www.kappahl.com.

KappAhl AB (publ) discloses the information provided here pursuant to
the Securities Market Act and/or the Financial Instruments Trading Act.
The information was submitted for publication on 23 November 2011 at
09.45 CET.