Hudson RCI's offer to the shareholders in Gibeck was received positively

July 15, 1999 - The application period for Hudson RCI's and its subsidiary Steamer Holding AB's together ("Hudson") offer ended on July 13, 1999. Today, we are pleased to announce that it can be established that Hudson will control shares in Louis Gibeck AB corresponding to 94,4 percent of the shares and 98,4 percent of the votes. This includes the shares that the owners of Hudson will acquire according to previously established agreements.

In addition, Hudson has obtained the required permission from the competition authorities and Hudson will thus complete the offer. The settlement date will be on July 26, 1999.

Hudson reserves the right to acquire further shares in Gibeck in the market.

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