Repurchase of shares

The Board of Directors of Hakon Invest has decided that the company,
within the framework of authorization from the Annual General
Meeting, shall repurchase 230,000 common shares to cover the 2006
option program.

On Tuesday, the Board of Hakon Invest decided to utilize its
authorization from the 2006 Annual General Meeting to repurchase
shares to cover the option program. The repurchases will start after
the period when the terms of the option program are decided and those
entitled may subscribe to purchase options. Up to 230,000 common
shares will be repurchased through the Nordic Exchange at a market
price, i.e. between the highest purchase price and the lowest selling
price. The shares will be repurchased during the period March 1 until
the 2007 Annual General Meeting, i.e. April 26. Hakon Invest held no
treasury shares prior to the repurchase decided by the Board.

The effect of the share repurchase on Hakon Invest's earnings and
return will be marginal. The number of outstanding shares in Hakon
Invest amounts to 160,917,436 and the repurchase of own shares now
decided corresponds to 0.143% of the total number of shares in the
event of full exercise.

For more information, contact:

General Counsel
                    Head of Investor Relations
Fredrik
Hägglund
Pernilla Linger
tel. +46 8 553 399
08                                                        tel. +46 8
553 399 55



This press release is not for publication or distribution in or into
the US, Canada, Australia or Japan.

Hakon Invest, which is listed the Nordic Exchange, conducts active
and long-term investment operations in retail-oriented companies in
the Nordic region. Hakon Invest owns 40% of ICA AB, the Nordic
region's leading retail company with focus on food. In addition have
holdings in Forma Publishing Group, Kjell & Company, Hemma and
Cervera. Further information about Hakon Invest is available at
www.hakoninvest.se.