ICA Gruppen sells Kjell & Company, capital gain c. SEK 440 million

ICA Gruppen is selling its 50% holding in Kjell & Company to FSN Capital for SEK
630 million. The sale is expected to generate a capital gain for ICA Gruppen of
approximately SEK 440 million.
ICA Gruppen has signed an agreement with FSN Capital to sell its 50% holding in
Kjell & Company for a cash consideration of SEK 630 million. The capital gain is
expected to amount to approximately SEK 440 million after deduction for costs
and will be recognised in the second quarter of 2014.

ICA Gruppen’s CEO, Per Strömberg, comments: “The divestment of Kjell & Company
is in line with the plan we presented in November last year which means that we
are focusing our non-food offering. This is a good moment for a change of
ownership in Kjell & Company.”

Last year, ICA Gruppen performed an evaluation of the portfolio companies in
parallel with the formulation of a new non-food strategy for the Group. As a
result of this evaluation it was decided to initiate a divestment process for
Kjell & Company. In the year-end report for 2013 the holding in Kjell & Company
was recognised among assets held for sale.

ICA Gruppen, formerly Hakon Invest, has been an owner of Kjell & Company since
2006, when 50% of the company was acquired from the founders. Since this
investment was made, Kjell & Company has grown from 15 stores with annual sales
of SEK 255 million to 74 stores with annual sales of SEK 931 million in 2013.

In conjunction with this transaction, the other shareholders will sell shares in
Kjell & Company on the same terms as ICA Gruppen. The founders will remain as
significant owners of the company.

The sale, which is subject to approval from the Swedish Competition Authority,
is expected to be completed in the second quarter of 2014.

For more information
ICA Gruppen’s press service, telephone: +46 10 422 5252

ICA Gruppen AB discloses the information provided herein pursuant to the Swedish
Securities Market Act and/or the Swedish Financial Instruments Trading Act. The
information was submitted for publication at 08.30 CET on Wednesday, 16 April
2014.
ICA Gruppen AB (publ) is one of the Nordic region’s leading retail companies,
with around 2,400 of its own and retailer-owned stores in Sweden, Norway,
Estonia, Latvia and Lithuania. The Group includes the retail companies ICA
Sweden, ICA Norway and Rimi Baltic, ICA Real Estate, which owns and manages
properties and ICA Bank, which offers financial services to Swedish customers.
The Group also includes the wholly owned portfolio companies Forma Publishing
Group and inkClub and partly owned portfolio companies Cervera, Hemtex and Kjell
& Company. For more information see www.icagruppen.se