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RNB to restructure the Norwegian JC business

RNB Retail and Brands has taken the decision to forcefully reduce/restructure
the Norwegian operations in JC. More stores will thus be closed, a reduction
from today's 21 stores to 5. These measures lay the foundation for minimized
operating losses in JC Norway which amounted to -63 million SEK in the previous
financial year.

For further information, please contact: Magnus Håkansson, President and Chief
Executive Officer of RNB,    +46 (8) 410 520 02, +46 768 87 20 02 or 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.

RNB to restructure the Norwegian JC business :

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Source: RNB Retail and Brands AB via Thomson Reuters ONE