Year-end report, September 1, 2008 - August 31, 2009

Fourth quarter, June 1, 2009 - August 31, 2009

*     Net sales totaled SEK 813.4 M (871.5), down 6.7%. Sales in
  comparable proprietary stores declined 0.9%.
*     The operating result amounted to a loss of SEK 51.2 M (loss:
  50.4) was reported. The loss after net financial items amounted to
  SEK  57.9 M (loss: 64.3).
*     The loss after tax amounted to SEK 43.0 M (loss: 78.8),
  corresponding to a loss per share of SEK 0.38 (loss: 1.38).
*     Cash flow from operating activities amounted to SEK 5.2 M
  (44.0).

The interim-report period September 1, 2008 - August 31, 2009

*     Net sales totaled SEK 3,207.3 M (3,426.2), down 6.4%. Sales in
  comparable proprietary stores declined by 3.9%.
*     The operating result excluding goodwill amounted to a loss of
  SEK 136.0 M (profit: 1.8). Including goodwill impairment totaling
  SEK 500 M in the second quarter, the operating result amounted to a
  loss of SEK 636.0 M. The loss after net financial items was SEK
  688.6 M (profit: 51.8).
*     The loss after tax was SEK 662.8 M (loss: 63.2), corresponding
  to a loss of SEK 6.12 per share (loss: 1.11).
*     Cash flow from operating activities was a negative SEK 103.9 M
   (pos: 4.8).

Events after the end of the period

*     The Swedish Competition Authority decided to request a special
  investigation to determine whether the sale of RNB's operations at
  NK to Åhléns would limit competition in the cosmetics product area.
*     RNB implemented a private placement to Konsumentföreningen
  Stockholm and a rights issue to existing shareholders that provided
  the company with about SEK 315 M before issue costs.