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Information from Annual General Meeting of RNB RETAIL AND BRANDS AB on January 20, 2011

On Thursday, January 20, 2011, RNB RETAIL AND BRANDS held its Annual General
Meeting (AGM) at the company's premises at Regeringsgatan 29 in Stockholm under
the chairmanship of Chairman of the Board Magnus Håkansson.

Adoption of income statement and balance sheet and resolution concerning
discharge from liability
The AGM adopted the income statement and balance sheet for the Parent Company
and the consolidated income statement and consolidated balance sheet for the
fiscal year that extended from September 1, 2009 to August 31, 2010. The AGM
discharged the members of the Board and the President from personal liability
for the 2009/2010 financial year.

The AGM resolved in accordance with the Board's and the President's motion that
no dividend be paid for the 2009/2010 fiscal year and that the earnings at the
disposal of the AGM be carried forward.

Election of Board members
The AGM voted to re-elect the Board members Jan Carlzon, Lilian Fossum, Magnus
Håkansson, Torsten Jansson, Laszlo Kriss, Mikael Solberg and Nils Vinberg to the
Board. John Wallmark declined re-election. Magnus Håkansson was elected Chairman
of the Board.

Fees to Board members and auditors
The AGM adopted the Nomination Committee's proposal that total director fees of
SEK 1,050,000 be paid, whereby each Board member who is not employed by the
company will receive SEK 137,500. SEK 300,000 will be paid to the Chairman of
the Board. A special fee of SEK 62,500 is to be paid to the chairman of the
Audit Committee. Otherwise, no fees are to be paid for committee work. Fees to
auditors are paid on a current account basis as invoices are received.

Nomination Committee
The AGM approved the Nomination Committee's proposal concerning principles for
convening the Nomination Committee, including the following. Not later than six
months prior to the AGM, the Chairman of the Board shall summon the four largest
shareholders in the company at this date, who will then each be empowered to
appoint one member, who may not be a member of the Board, to form the Nomination

The Chairman of the Board will leave his position as Chairman during the term.
The AGM approved the proposal from the Nomination Committee that the Nomination
Committee has two options to consider in the election of a new Chairman of the
Board, either to convene an Extraordinary General Meeting or that the Board
appoint one of the existing Board members as new Chairman of the Board until the
next AGM.

Principles of remuneration of company management
The AGM approved the motion from the Board concerning principles for the
remuneration of company management, which thus remain unchanged compared with
the principles applying during the preceding year in terms of variable

The information in this press release is of the type that RNB is obliged to
disclose in accordance with the Securities Markets Act. The information was
submitted for publication at 19:30 p.m. on January 20, 2011.

For further information, please contact: Magnus Håkansson, Chairman of the
+46 (0) 703 55 87 15, e-mail:

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 and Illum in Copenhagen. RNB RETAIL AND BRANDS has operation in 11
countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange
since 2001.

Information from Annual General Meeting of RNB RETAIL AND BRANDS AB on January 20, 2011:

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Source: RNB Retail and Brands AB via Thomson Reuters ONE