Lindex agrees on terms for financing its proposed recapitalisation

This press release may not be made public or be distributed in USA, Australia,
Canada, Japan or South Africa. 

Lindex agrees on terms for financing its proposed recapitalisation

It has been decided that the breakdown between cash and bonds of the 3 billon
kronor recapitalisation proposed by Lindex's board shall be 2 billion kronor in
cash and 1 billion kronor in the form of subordinated bonds. This corresponds to
some 44 kronor per share, of which 29 kronor in cash and 15 kronor in the form
of listed bonds.

On September 7, as the first stage in its recapitalisation, AB Lindex has
arranged a two billion kronor line of credit.

As previously announced, Lindex's Board has recommended shareholders to reject
KappAhl's bid of 102 kronor per share. The Board intends to propose that an
Extraordinary General Meeting resolve instead in favour of a recapitalisation of
the company, whereby Lindex's shareholders will receive three billion kronor.
The Board's recommendation is based primarily on an analysis of the company's
capital requirements and the new situation brought about by the new Swedish
Companies Act.

In connection with the recapitalisation a one billion kronor subordinated bond
will be issued to Lindex's shareholders. According to the proposal, the bond
will be listed and carry interest at the normal market rate.

The line of credit is for five years, and the estimated average rate of interest
during its term will be 5.5 %.

“Now that we can announce the details of the financing package, the market can
estimate the value of the proposed recapitalisation without any uncertainty
regarding the balance between cash and the bond,” says Conny Karlsson, chairman
of Lindex.

For more information, contact
Conny Karlsson, Chairman			Telephone: 	+46 (0)705 21 19 18
Göran Bille, President and CEO		Telephone: 	+46 (0)703-44 43 04
Peter Andersson, Chief Financial Officer	Telephone:	+46 (0)705-84 44 37

IMPORTANT NOTICES

This document is not and does not constitute an offer to buy, or solicitation of
an offer to sell, any securities in AB Lindex or Lindex Holding AB. This
document is not being issued or released, directly or indirectly, in or into the
United States, Australia, Canada, Japan, or South Africa (each, a “Restricted
Jurisdiction”), by use of mail or by any means or instrumentality (including
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from any Restricted Jurisdiction. 

This announcement contains forward-looking statements. These statements are not
guarantees of future performance and are subject to inherent risks and
uncertainties. Forward-looking statements may be identified by the fact that
they do not relate strictly to historical or current facts and include, without
limitation, words such as “may”, “will”, “expects”, “believes”, “anticipates”,
“plans”, “intends”, “estimates”, “projects”, “targets”, “forecasts”, “seeks”,
“could”, or the negative of such terms, and other variations on such terms or
comparable terminology. Forward-looking statements include, but are not limited
to, statements about the expected future business of Lindex. These statements
reflect Lindex' board's and management's current expectations, based upon
information currently available to them and are subject to various assumptions,
as well as risks and uncertainties that may be outside of its control. Actual
results could differ materially from those expressed or implied in such
forward-looking statements. Any such forward-looking statements speak only as of
the date on which they are made and Lindex shall be under no obligation to (and
expressly disclaims any such obligation to) update or alter such forward-looking
statements whether as a result of new information, future events or otherwise,
except to the extent legally required.