MEKO

Report Publication Announcement • Mar 31, 2011

Press release 31 March 2011

New number of shares in Mekonomen AB (publ)

On 27 January 2011, Mekonomen issued a press release stating that the company had reached an agreement with Otto Olsen Invest A/S to acquire all the shares in Sørensen og Balchen AS. It was announced that Mekonomen would issue approximately 1.9 million shares as part of the acquisition process. The acquisition was concluded on 11 March 2011 following approval by the Norwegian Competition Authority and a resolution passed at Mekonomen's General Meeting.

On completion of the issue of 1,945,783 new shares, there are now a total of 32,814,605 shares in Mekonomen. All shares are of the same class.

The information in this press release constitutes the disclosure of an increase in the number of shares in accordance with the first paragraph of chapter 4 section 9 (1991:980) of the Swedish Financial Instruments Trading Act.

For further information, contact: Gunilla Spongh, CFO Mekonomen AB, +46 (0)8-464 00 00

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