RNB divests Kosta Outlet Mode

RNB RETAIL AND BRANDS today announced that the company has entered into an
agreement to sell the operations of subsidiary Kosta Outlet Mode AB to the
Norwegian retail company Airport Retail Group AS.
The transaction closes on 1 June 2013. Kosta Outlet Mode is a part of the
business area Departments & Stores within the RNB Group. Kosta Outlet Mode
reported net sales of approximately SEK 56 million with an EBITDA of
approximately SEK 4 million for the last 12 months up to the second quarter of
2012/2013. The transaction will have a positive liquidity effect of
approximately SEK 10 million and will impact cash flow positively in the third
and fourth quarter.

Kosta Outlet is the largest outlet center for high fashion brands in Sweden. The
outlet center comprises a total of 20,000 square meters, of which RNB is an
operator for an area corresponding to 5,500 square meters. RNB sells attractive
clothing brands for women, men and children. The subsidiary Kosta Outlet Mode AB
has 20 full time employees.

-       I´m pleased with this deal from several different perspectives. Kosta
Outlet Mode AB will continue to be operated in the same way and the buyer
Airport Retail Group will take over responsibility for our employees and stores.
The Kosta Outlet Mode operation has a somewhat different business model and
differs from RNB Group core business. I believe that Kosta Outlet Mode would be
stronger and better equipped to face the future together with Airport Retail
Group AS. For RNB Group the divestment increases the focus to further develop
the main operation within the business area Departments & Stores, says Magnus
Håkansson president and CEO of RNB RETAIL AND BRANDS.
For further information, please contact:

Magnus Håkansson, CEO, RNB RETAIL AND BRANDS,
+46 8 410 520 02, +46 768 87 20 02, e-mail:  magnus.hakansson@rnb.se
RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing,
accessories, jewelry and cosmetics stores that focus on providing excellent
service and a world-class shopping experience. Sales are mainly conducted in
Scandinavia through the three store concepts Brothers & Sisters, JC and Polarn
O. Pyret, as well as through shops in the department stores NK in Stockholm and
Gothenburg. RNB RETAIL AND BRANDS has operation in 11 countries. RNB RETAIL AND
BRANDS has been listed on the OMX Nordic Exchange since 2001.