RNB RETAIL AND BRANDS announces a fully underwritten share issue

Press release                                        Stockholm, 22 February 2013

  Not for distribution, directly or indirectly, within or to USA, New Zealand,
  Australia, Hong Kong, Japan, Canada, Singapore or South Africa or any other
    jurisdiction where distribution of this press release would be unlawful


RNB RETAIL AND BRANDS announces a fully underwritten share issue of
approximately SEK 450 million, renegotiated debt financing with significantly
reduced interest expenses, conducts strategic review of JC and enables business
development efforts primarily in the business areas Departments & Stores and
Polarn O. Pyret
SUMMARY
  * The Board of Directors of RNB RETAIL AND BRANDS has resolved to conduct a
    fully underwritten share issue of approximately SEK 450 million with
    preferential rights for existing shareholders in RNB RETAIL AND BRANDS.
  * Existing shareholders representing 31 per cent of the share capital have
    undertaken to subscribe for shares in the rights issue. In addition,
    existing shareholders have undertaken to guarantee an amount corresponding
    to approximately 40 per cent of the rights issue, meaning that shareholders
    have granted subscription undertakings and guarantee undertakings in respect
    of approximately 71 per cent of the total rights issue. Additionally,
    guarantee undertakings have been received from an external consortium
    including Carnegie Investment Bank, making the rights issue fully
    underwritten.

      * The proceeds will be used to i) strengthen the balance sheet through
        repayment of debt, ii) enable business development efforts, primarily
        within the business areas Polarn O. Pyret and Departments & Stores, and
        also iii) carry out further rationalisation of operational activities
        and a strategic review of JC.
      * Renegotiated long-term debt financing structure, including substantially
        reduced interest expenses, has been secured until 2016, part of which
        can be extended to 2017. Annual interest expenses, which during the last
        twelve month period totalled SEK 62 million, are in the new loan
        structure expected to be approximately SEK 10 million.
      * JC has been loss-making for a number of years, and despite several
        attempts, RNB has not succeeded to stop this negative profitability
        situation. RNB has therefore decided to write off the entire SEK 260
        million book value of the JC trademark. RNB has also decided to conduct
        a strategic review of JC to examine the potential to quickly achieve a
        satisfactory level of profitability. This includes an evaluation of all
        possible alternatives.
      * For Q2 2012/2013, operating profit before write-downs is expected to be
        in line with the same period last fiscal year. Announcement of the
        second quarter results for the fiscal year 2012/2013 will be moved
        forwards to 25 March 2013.
      * The rights issue is subject to approval by the Extraordinary General
        Meeting, scheduled to be held on 27 March 2013. The subscription price
        and offer ratio are expected to be announced on 26 March 2013. Trading
        in subscription rights is expected to take place as from the 8 April
        2013 up to and including 17 April 2013. The subscription period is
        expected to run from and including 8 April 2013 up to and including 22
        April 2013.
      * A conference call will be held today at 10.00 CET.

 Conference call today at 10.00 CET
 A conference call will be held for investors, analysts and media today at
 10.00 CET, where CEO Magnus Håkansson will comment on the contemplated
 transaction and the Company's progress.
 The conference call can be accessed through: +46 8 50556484. The presentation
 can be viewed via a webcast available through this link:
 http://financialhearings.nu/130222/presskonferens/


For further information, please contact:
Magnus Håkansson, CEO, RNB RETAIL AND BRANDS AB, 08-410 520 02, 0768 87 20 02,
email: magnus.hakansson@rnb.se
Stefan Danieli, CFO RNB RETAIL AND BRANDS, 08-410 522 25, 0768-87 22 25, email:
stefan.danieli@rnb.se


RNB RETAIL AND BRANDS AB (publ) discloses the information provided here pursuant
to the Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on February 22, 2013 07.00 CET.

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.

IMPORTANT NOTICE

In certain jurisdictions, the publication or distribution of this press release
may be subject to legal restrictions. This press release may not be published or
distributed in or into any jurisdiction where such action, wholly or partly, is
subject to legal restrictions. The information contained in this press release
may neither be forwarded, reproduced nor displayed in any manner in violation
with such legal restrictions.

This press release does not contain or constitute an invitation or an offer to
acquire, subscribe for or otherwise trade in subscription rights, BTAs (interim
shares), shares or other securities issued by RNB Retail and Brands AB (publ).
Any invitation to the persons concerned to subscribe for shares in RNB Retail
and Brands AB (publ) will only be made through the prospectus RNB Retail and
Brands AB (publ) expects to be able to publish in April 2013.

The rights issue is not intended for the public in or shareholders resident in
the United States, New Zealand, Australia, Hong Kong, Japan, Canada, Singapore
or South Africa or any other jurisdiction where such persons participation is
subject to any prospectus, registration or any other requirement than those
applicable pursuant to Swedish law, or would violate applicable law or
regulation in such jurisdiction. The subscription rights, the BTAs (interim
shares) or the new shares relating to the rights issue have not been and will
not be registered in accordance with United States Securities Act of 1933 (as
amended), any United

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