Nomination Committee proposes new Chairman of the Board

The Nomination Committee of CDON Group AB (publ) (“CDON Group” or “the Group”)
shareholders, comprised of Cristina Stenbeck on behalf of Investment AB
Kinnevik; Ryan Schaper on behalf of Point Lobos Capital, LLC; Jeffrey Pierce on
behalf of Luxor Capital Group LP; and Björn Lind on behalf of AMF and AMF Funds,
today announced that it will propose the re-election of Mia Brunell Livfors,
Mengmeng Du, Lars-Johan Jarnheimer, Lars Nilsson, Henrik Persson and Florian
Seubert as non-executive Directors of the Board of CDON Group at the Annual
General Meeting of shareholders that will be held on May 8,
2012.

Furthermore, the Nomination Committee will propose to elect Lars-Johan
Jarnheimer as Chairman of the Board at the upcoming Annual General Meeting.
As part of an organised succession plan for the Chairman of the Board role, the
Nomination Committee is pleased to announce a new Chairman of the Board of CDON
Group. The proposed Chairman of the Board, Lars-Johan Jarnheimer, has been a
member of the Board of CDON Group since August 2010. Lars-Johan has extensive
professional experience from his operational roles leading organizations within
the retail, media and telecom sectors. Lars-Johan is currently Chairman of the
Boards of Directors of Eniro AB, Baby Björn AB and Arvid Nordquist Handels AB
and a member of the Boards of INGKA Holding B.V. (the parent company of the IKEA
Group of Companies), Apoteket AB and Egmont International Holding A/S. He is
also Chairman of the BRIS (Children's Rights in Society) charity. Lars-Johan
served as Chief Executive Officer of Tele2 AB from 1999 to 2008, and previously
held various senior positions at IKEA, Hennes & Mauritz and Comviq AB. Lars
-Johan graduated with a Master's Degree in Economics and Business Administration
from Växjö and Lund universities in Sweden.

Cristina Stenbeck, Chairman of
the Nomination Committee, commented: “On behalf of CDON Group's largest
shareholders, I am very pleased that Lars-Johan Jarnheimer has accepted our
nomination to be elected Chairman of the Board of CDON Group. Mr. Jarnheimer’s
background as former CEO of a large listed company in Sweden will provide
strengthened leadership to the management of CDON Group. His experience as
Chairman of the Board of several listed companies will add a further dimension
of both continuity and strategic guidance in the next phase of CDON Group’s
growth and development.”

“I would also like to thank Hans-Holger Albrecht for
his significant contribution as Chairman of the Board. Hans-Holger has been
instrumental in the successful development of the Group into an e-commerce
market leader over the past twelve years, as well as its transition into an
independent and separately listed company.”

Information with respect to the
proposed Directors of the Board is available on CDON Group’s website at
www.cdongroup.com.

###
For further information please visit cdongroup.com or contact:

Cristina
Stenbeck, Chairman of the Nomination Committee
Tel: +46 (0) 8 562 000
00

Investor and analyst enquiries:

Martin Edblad, Chief Financial
Officer
Tel: +46 (0) 700 80 75 03
Email: ir@cdongroup.com
     

Press enquiries:

Fredrik Bengtsson, Head of Communications
Tel: +46
(0) 700 80 75 04
Email: press@cdongroup.com
About CDON Group
CDON Group is the leading e-commerce group in the Nordic
region. Established in 1999, the Group has continuously expanded its product
portfolio and is now a leading e-commerce player in the Entertainment (CDON.COM,
BookPlus.fi, Lekmer.com), Fashion (Nelly.com, Heppo.com, Members.com), Sport &
Health (Gymgrossisten.com, Bodystore.com) and Home & Garden (Tretti.com and
Rum21.se) segments. The group reported revenues of SEK 3.4 billion for the full
year 2011. CDON Group is listed on the NASDAQ OMX Stockholm Mid-cap list under
short name CDON.

The information in this announcement is that which CDON
Group AB is required to disclose under the Securities Markets Act. This
information was released for publication at 08:00 CET on 2 April  2012.