The Election Committee’s proposal regarding the board of directors etc

The Election Committee of MQ Holding AB proposes to the Annual General Meeting
2013 that it re-elects Erik Olsson, also proposed to be re-elected as chairman
of the board of directors, Göran Barsby, Thomas Nyberg, Eva Redhe Ridderstad,
Bengt Jaller and Christina Ståhl.

The remuneration to the members of the board of directors is proposed to be
SEK 1,400,000, out of which SEK 400,000 should be allocated to the chairman of
the board of directors and SEK 200,000 to each of the other members of the board
of directors. Further, remuneration for committee work is proposed to be SEK
15,000 for each day of meeting. The proposal entails that the remuneration
remains unchanged compared to last year.

The Election Committee proposes that the Annual General Meeting resolves to
appoint a new election committee in preparation for the Annual General Meeting
to be held in 2014, in a somewhat different way compared to the Annual General
Meeting of 2013. The change entails that the Election Committee is proposed to
consist of one additional member compared to the Election Committee for the
Annual General Meeting of 2013. This entails that the chairman of the board of
directors shall contact the three largest registered or otherwise known
shareholders as per 1 April, 2013, and invite them to each appoint one member of
the election committee. If any shareholder waives its right to appoint a member,
the largest registered or otherwise known shareholder that not yet has appointed
a member of the election committee shall be invited, and so on. The election
committee shall consist of these three members together with the chairman of the
board of directors, being responsible for the summoning procedure. The election
committee shall appoint a chairman amongst its members.

The Election Committee of MQ Holding AB consists of Hanna Ideström, representing
CapMan and chairman of the Election Committee, Henrik Strömbom, representing
Jaller Klädcenter AB, as well as Erik Olsson, chairman of the board of
directors.

For more information, please contact:

Hanna Ideström, Chairman of the Election Committee, phone +46 (0) 705-86 13 48

Tony Siberg, Executive Vice President and CFO, phone +46 (0) 736-84 41 60

MQ is one of Sweden’s leading branded fashion wear chains. Through a mixture of
proprietary and external brands, MQ offers men and women high fashion clothing
in attractive stores. The store chain currently has 119 stores and the objective
is to establish MQ as the leading brand chain in the Nordic region. The MQ share
is listed on NASDAQ OMX Stockholm since June 18th, 2010. For more information,
see www.mq.se.