HALF-YEAR REPORT 1 December 2000 – 31 May 2001

• Turnover for the H&M Group amounted to SEK 21,391 M (SEK 17,242 M),
an increase of 24 per cent. In comparable currency rates, the increase
was 17 per cent.

• Good sales development during the second quarter. Increased market
shares in all countries.

• Turnover for the second quarter amounted to SEK 11,758 M (SEK 8,977
M), an increase of 31 per cent compared with the previous year, in
comparable currency rates the increase was 21 per cent.

• Profit after financial items was SEK 2,132 M (SEK 1,813 M), an
increase of 18 per cent.

• Profit after financial items for the second quarter was SEK 1,561 M
(SEK 1,142 M), an increase of 37 per cent.

• During the first six months, the Group opened 49 stores. In the
next six months, approximately 50 stores are planned to open.

Contact persons:

Rolf Eriksen, CEO
+46 8 796 52 33

Carl-Henric Enhörning, IR
+46 8 796 54 10

Leif Persson, CFO
+46 8 796 13 00

Switchboard
+46 8 796 55 00

Information about H&M and press photographs are available at www.hm.com