Nomination Committee’s Proposal Concerning Board Membership at Clas Ohlson AB

Regulatory News:

At the Annual General Meeting of Clas Ohlson AB (STO:CLASB), to be held on Saturday, 10 September 2011, the Nomination Committee will submit the following proposal concerning the composition of the Board of Directors.

The Board of Directors is to comprise eight members.

Re-election is proposed of Chairman of the Board Anders Moberg and members of the Board Björn Haid, Lottie Svedenstedt, Urban Jansson, Cecilia Marlow, Edgar Rosenberger, Sanna Suvanto-Harsaae and Klas Balkow.

The members of the Nomination Committee are:

• Anders Moberg, Chairman of the Board of Clas Ohlson AB
• Peter Haid, representing the Haid owner family
• Göran Sundström, representing the Tidstrand owner family
• Lars Öhrstedt (Chairman of the Nomination Committee), AFA Försäkring
• Johan Ståhl, Lannebo Fonder AB

The Nomination Committee has conducted its work in accordance with the regulations of the Swedish Code of Corporate Governance.

For further information concerning the proposed Chairman and the various members of the Board, please visit

http://om.clasohlson.com/en/company/Corporate-governance/Board-of-Directors-and-Auditor-Committee-/

Clas Ohlson AB is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland. In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool, Leeds, Birmingham, Cardiff, Doncaster and Norwich.

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