As from April 2018 Peter Andersson will lead and develop the financial work of the KappAhl Group. He was born in 1964, is a trained economist with an MBA from the University of Gothenburg. Peter has many years of international experience from the retail business out of strategic and operational perspective as well as qualified work in financial and risk management. He has previously worked for ICA Handlarna AB. Since 2001, Peter Andersson has been employed at AB Lindex, where he has been CFO for many years and where he, since the summer of 2017, is Director of Expansion.

Prior to the appointment of Peter Andersson, Torbjörn Gustafsson, who is responsible of the Group Controller function at KappAhl, will be acting CFO for the time until an external interim solution is in place. This is expected to take place in December.

This information is information that KappAhl AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 10.00 CET on 31 October 2017.