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 240,000 common shares to cover the 2007
option program.

On Tuesday, the Board of Hakon Invest decided to utilize its
authorization from the 2007 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 240,000 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 4 until
the 2008 Annual General Meeting, i.e. April 22. Hakon Invest already
holds 128,000 treasury shares.

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 0.149% of the total number of shares in the
event of full exercise.


For more information, contact:

General Counsel
Fredrik Hägglund
tel. +46 8 553 399 08

VP Corporate Communication
Anders Hallgren
tel. +46 8 553 399 66

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