Clas Ohlson has signed a contract concerning an additional store. The store will be located in Narvik Storsenter in the centre of Narvik. The store will have a retail space of 1.000 square metres and is scheduled to be opened in December 2008. The shopping centre has approximately 30 stores. The store’s catchment area comprises approximately 30 000 inhabitants. Accordingly, the scheduled future opening of stores for which contracts have been concluded to date is as follows: Seinäjoki in Finland September 2008, Drammen, Asker and Jessheim in Norway and Rovaniemi in Finland October 2008, Kristiansand in Norway November 2008, Skövde in Sweden, Espoo and Joensuu in Finland autumn 2008, Croydon/London in England between November 2008 and January 2009, Motala in Sweden and Narvik Norway in December 2008, Falun in Sweden and Hønefoss in Norway February 2009, Molde in Norway March 2009, Nordby/Strömstad in Sweden June 2009, Frölunda and Värnamo in Sweden autumn 2009 and Lillehammer in Norway between autumn 2009 and winter 2010. Clas Ohlson’s objective is to open 20 to 25 new stores during the 2008/2009 financial year. Including the company’s current 88 stores and the 19 stores under contract, Clas Ohlson will have a total of 107 stores, with 51 of them in Sweden, 39 in Norway, 16 in Finland and one in the UK. For further information, please contact: Ola Aurtande, Daglig Leder i Norge, +47 23 21 40 20, Mobil +47 911 21 895 John Womack, Director of Information and Investor Relations; Mobile +46 70 678 24 99