On Thursday 28 January 2010 RNB RETAIL AND BRANDS held its Annual General
Meeting at the company's premises at Regeringsgatan 29 in Stockholm under the
chairmanship of the chairman of the board Claes Hansson.

Adoption of income statement and balance sheet and resolution concerning
discharge from liability

The Annual General Meeting adopted the income statement and balance sheet for
the Parent Company and the consolidated income statement and consolidated
balance sheet for the financial year that extended from September 1, 2008 to
August 31, 2009. The Annual General Meeting discharged the members of the Board
and the Managing Director from liability for the 2008/2009 financial year.

Dividend

The Annual General Meeting decided in accordance with the Board's and the
managing director's proposal that no dividend is to be distributed for the
fiscal year 2008/2009.

Election of Board members

The Annual General Meeting voted to re-elect the Board members Jan Carlzon,
Torsten Jansson, Lilian Fossum, Nils Vinberg, Laszlo Kriss, John Wallmark and
Mikael Solberg to the Board. Claes Hansson, chairman of the board, had declined
re-election. Magnus Håkansson was elected to the board as chairman.

Fees to Board members and auditors

The Annual General Meeting adopted the Nomination Committee's proposal that
total fees of 1,050,000 to the board shall be paid and allocated to so that the
Chairman of the Board receives SEK 300,000 and that each other Board member who
is not employed by the company receives SEK 125,000. No fee is to be paid for
work on committees. Fees to auditors are paid on a current account basis as
invoices are received.

Nomination Committee

The Annual General Meeting approved the Nomination Committee's proposal
concerning principles for convening the Nomination Committee. Not later than at
the end of the third quarter of the financial year, meaning at the end of May,
the Chairman of the Board shall summon the four largest shareholders in the
company at this date and invite them to become members of the Nomination
Committee.

Principles of remuneration to management

The Annual General Meeting approved the proposal from the Board concerning
guidelines for remuneration to the management.

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 19:00 p.m. on January 28, 2010.

For further information, please contact:

Cecilia Lannebo, IR, RNB RETAIL AND BRANDS +46 (0)
8-410 520 45,+46 768 87 20 45, e-mail: cecilia.lannebo@rnb.se

 







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    RNB AGM 2010: http://hugin.info/132993/R/1378420/338969.pdf