MEKO

Legal Proceedings Report • Jan 16, 2012

Press release 16 January ²⁰¹²

Norwegian Competition Authority to continue investigation into Mekonomen's acquisition of Meca

The Norwegian Competition Authority has decided to continue its investigation into Mekonomen's acquisition of the automotive spare-parts chain, Meca. On 12 October 2011, Mekonomen signed an agreement to acquire Meca, which is a well-known automotive spare-parts chain with a solid position in Sweden and Norway.

The Competition Authority's decision means that more time is required to evaluate the transaction, but does not mean that a decision has been made on the issue. Mekonomen has initiated a dialogue with the Competition Authority to clarify what additional information is required in order to make a decision on the issue.

For further information, please contact:

Håkan Lundstedt, President and CEO of Mekonomen AB Tel:+46 (0)8-464 00 00

Gunilla Spongh, CFO of Mekonomen AB Tel: +46 (0)8-464 00 00

Mekonomen AB (publ), Corp. Reg. No. 556392-1971 Box 6077, SE-141 06 Kungens Kurva, Sweden Tel: +46 (0)8-464 00 00, Fax:+46 (0)8-464 00 66

The information in this press release is such that Mekonomen is obligated to publish in accordance with the Securities Market Act. The information was submitted for publication on 16 January 2012.

Mekonomen makes CarLife easier through a wide and easily accessible range of inexpensive and innovative solutions and products for consumers and companies. We are the leading spare-parts chain in the Nordic region with proprietary wholesale operations, more than 300 stores and more than 1,600 workshops operating under the Mekonomen brands.