H&M to open stores in Portugal

H & M Hennes & Mauritz AB has signed a contract for the first store in Portugal. The large store, which will carry the full product range, is in central Lisbon and is due to open in spring 2003.

H&M plans to open more stores in Portugal later in the year.

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Contacts:

Carl-Henric Enhörning, IR director
+46 70 796 54 10

Leif Persson, CFO
+46 8 796 13 00

H&M switchboard
+46 8 796 55 00

For background information about H&M and downloadable press pictures, please go to www.hm.com