Mikael Solberg, President and CEO

1
Third quarter 2007/2008 September 1, 2007May 31,
2008
Mikael Solberg, President and CEO Göran
Blomberg, CFO Cecilia Lannebo, IR
2
Significant events during Q3

• Continued strong development in PO.P
• 4 franchise stores opened during Q3 (to date 9
  stores during the period)
• Master Franchiseavtal signed for the U.S. first
  store to open during spring 2009
• New Master Franchisee for the Baltic region
  relaunch during fall 2008
• Increased sales in Department Stores weak
  result
• Slow development in Illum and part of SteenStröm
• JC continue to burden Stores
• Restructuring concluded new collection and
  concept beginning of July/August
• Strong development in Brothers and Sisters

3
Q3 Mar 2008-May 2008

• Net sales amounted to MSEK 776.9 (758.5), a
  decrease of 5.4 percent like for like
• EBIT amounted to MSEK 23.8 (60.2)
• Profit after tax amounted to MSEK 5.8 (36.8)
• Cash flow from current operations amounted to
  MSEK 61.7 (44.1)

4
9M Dec 2007-May 2008

• Net sales amounted to MSEK 2,554.7 (2,529.3), a
  decrease of 1.9 percent like for like
• EBIT amounted to MSEK 52.2 (288.2) MSEK 84.0 in
  one-offs included in last years EBIT
• Profit after tax amounted to MSEK 12.5 (260.3)
• Cash flow from current operations amounted to
  MSEK -39.2 (177.3)

5
After closing of period

• Board of Directors proposes rights issue of
  approximately SEK 350 M
• To strengthen the companys financial position
  and create conditions for future aggressive
  action, the Board of Directors has decided to
  propose a rights issue in an amount of
  approximately SEK 350 M. The Board intends to
  convene an Extraordinary General Meeting to
  resolve on the rights issue. More detailed terms
  and conditions and a time schedule for the rights
  issue will be presented no later than in
  connection with the notice convening the
  Extraordinary General Meeting.

6
Polarn O. Pyret

• Sales
• Q3 Sales MSEK 86.0 (80.7)
• 9M Sales MSEK 294.2 (291.4)
• EBIT
• Q3 EBIT MSEK 5.8 (5.7)
• 9M EBIT MSEK 45.6 (40.7)
• EBIT margin
• Q3 EBIT margin 6.7 (7.1)
• 9M EBIT margin 15.5 (14.0)

• Comments
• Continued strong development
• Will continue international expansion
• PO.P e-commerce to begin during H1 2009

7
Department Stores

• Sales
• Q3 Sales MSEK 252.7 (219.8)
• 9M Sales MSEK 866.8 (709.8)
• EBIT
• Q3 EBIT MSEK (6.1) (11.0)
• 9M EBIT MSEK 24.3 (49.5)
• EBIT margin
• Q3 EBIT margin neg (5.0)
• 9M EBIT margin 2.8 (7.0)

• Comments
• Strong market place - weak performance
• Illum and part of SteenStröm in focus
• Set agenda and action plan

8
Stores

• Sales
• Q3 Sales MSEK 441.0 (458.4)
• 9M Sales MSEK 1,399.5 (1,529.4)
• EBIT
• Q3 EBIT MSEK 29.9 (43.9)
• 9M EBIT MSEK 6.2 (110.2)
• EBIT margin
• Q3 EBIT margin 6.8 (9.6)
• 9M EBIT margin 0.4 (7.2)

• Comments
• JC/J-Store restructuring concluded
• New collection beginning of July/August
• Strong development in Brothers and Sisters

9
Consolidated income statement
10
Consolidated balance sheet
11
Key figures
12
Thank you!