Contract signed for a new store in Sweden

| Source: Clas Ohlson AB Clas Ohlson AB 

Contract signed for a new store in Sweden

Clas Ohlson has signed a contract regarding a new store at Ängshagen
Shopping area, Lidköping, Sweden. The retail space will amount to a
total of 1,300 square metres. The store's catchment area comprises
approximately 46,000 residents and the store is scheduled to open in
spring 2012.

Future store establishments that have been contracted to date are: Bodø,
Norway in June 2011; Sjøsiden Kjøpesenter, Horten, Norway in June 2011;
Akseli Shopping Centre, Mikkeli, Finland in June 2011; Flygstaden
Shopping Centre, Halmstad, Sweden in June 2011; Newcastle, UK in August
2011; Gränby, Uppsala, Sweden in autumn 2011; Buskerud Storsenter
Shopping centre, Nedre Eiker, Norway in September 2011; Erikslund,
Västerås, Sweden in September 2011; Byporten Kjøpesenter, Mo i Rana,
Norway in October 2011; Bogstadsveien, Oslo, Norway in October 2011;
Alta, Norway in October/November 2011; Elverum, Norway in November 2011;
Karisma, Lahti, Finland in November/December 2011; Kongssenteret
Shopping Centre in Kongsvinger, Norway in winter/spring 2012; Norrtälje,
Sweden in spring 2012; Ängshagen Shopping area, Lidköping, Sweden in
spring 2012; Willa Shopping Centre, Hyvinkää, Finland in October 2012;
Amfi Ørsta, Ørsta, Norway in autumn 2012; Norra Backa Shopping area,
Borlänge, Sweden in autumn 2012; Emporia, Malmö, Sweden during the
2011/2012 financial year and Mobilia Shopping Centre, Malmö, Sweden in
autumn 2013.

Clas Ohlson will, during the 2010/2011 financial year, open 19 stores of
which 4 in the UK. During the 2011/12 financial year we aim to establish
17-22 stores of which 2-4 in Finland and 1-4 in the UK. With currently
139 stores and 21 contracted stores, Clas Ohlson will have a total of
160 stores, of which 69 in Sweden, 59 in Norway, 20 in Finland and 12 in
the UK.

For further information, please contact:

Bo Heyman, Director of Establishment, Mobile +46 (0)70-597 44 90.
John Womack, Director of Information and Investor Relations, +46
(0)247-444 05.