Financial Supervisory Authority gives go-ahead for insurance business

ICA Bank has now received permission to conduct insurance business from the
Swedish Financial Supervisory Authority. ICA Bank will now form a subsidiary,
ICA Försäkring AB, with its own management and board. The plan is that the
company will start to offer non-life insurance to its customers at the end of
2015.
“Our insurance offering will help us to strengthen and broaden our customer
offering but will also enable us to strengthen customer loyalty,” says Per
Strömberg, CEO of ICA Gruppen.

“Forming a separate company will give us a better opportunity to develop unique
offerings adapted to meet the needs of ICA’s customers. We also want to have a
stronger link between our insurance and retail business,” says Bo Lagergren, CEO
of ICA Försäkring AB.

ICA Försäkring will offer non-life insurance to private individuals. ICA Bank
already has an insurance offering but through external partners. The company’s
management and board have been appointed and the CEO will be Bo Lagergren,
previously Head of Retail Banking at ICA Bank. The new company will be in
operation towards the end of 2015.

For more information
ICA Gruppen’s press service, telephone: +46 10 422 52 52

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 08.00 CET on Thursday, 15 January
2015.
ICA Gruppen AB (publ) is one of the Nordic region’s leading retail companies,
with around 2,300 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 company inkClub and partly
owned portfolio companies Cervera and Hemtex. For more information see
icagruppen.se (http://www.icagruppen.se)