Norwegian Competition Authority approves Coop Norway’s acquisition of ICA Norway provided certain conditions are met

The Norwegian Competition Authority announced today their approval of Coop
Norway’s acquisition of ICA Norway, but the acquisition may not be completed
until Coop Norway has sold on 93 of their stores.
Coop has entered into agreements with Bunnpris and Norgesgruppen to sell the
stores concerned. The Competition Authority requires the sales of these stores
to be made before Coop’s acquisition of ICA Norway may be carried out. The deal
between ICA Gruppen and Coop Norway is therefore expected to be completed
shortly.

“It is highly gratifying that the deal with Coop Norway has now been approved by
the Norwegian Competition Authority. Above all, this decision is highly positive
for the Norwegian ICA organisation, all the employees and stores, which have now
finally received a clear decision,” says Per Strömberg, CEO of ICA Gruppen.

ICA Gruppen will continue to report ICA Norway as a discontinued operation until
the deal is completed.

The deal was announced on 6 October 2014 and means that ICA Gruppen sells ICA
Norway to Coop Norway for SEK 2.8 billion on a debt-free basis, with an assessed
capital gain of approximately SEK 1 billion.

For more information
ICA Gruppen’s press service, telephone: +46 10 422 52 52
Investor Relations, Frans Benson: +46 8 561 500 20

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 15.50 CET on Wednesday, 4 March
2015.
ICA Gruppen AB (publ) is a leading retail company with a focus on food and
health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct
grocery retail, ICA Real Estate which owns and manages properties, ICA Bank
which offers financial services and, since January 2015, Apotek Hjärtat which
conducts pharmacy operations. The Group also includes ICA Norway which is being
divested, the wholly owned portfolio company inkClub and the partly owned
portfolio companies Cervera and Hemtex. For more information see icagruppen.se