ICA Gruppen AB completes the offer to acquire the shares in Hemtex AB (publ)

THIS PRESS RELEASE MAY NOT BE, DIRECTLY OR INDIRECTLY, DISTRIBUTED OR PUBLISHED
TO OR WITHIN THE USA, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEELAND OR SOUTH
AFRICA. THE OFFER IS NOT BEING MADE TO (NOR WILL TENDER OF SHARES BE ACCEPTED
FROM) PERSONS IN THESE COUNTRIES OR PERSONS IN ANY OTHER COUNTRIES WHERE TENDER
OF SHARES WOULD DEMAND FURTHER DOCUMENTATION, FILINGS OR OTHER MEASURES IN
ADDITION TO SWEDISH LAW.
On 25 August 2015, ICA Gruppen AB (”ICA Gruppen”) announced a cash offer to the
shareholders of Hemtex AB (publ) (”Hemtex”). At the end of the acceptance period
on 1 October 2015, the offer had been accepted by shareholders representing a
total of 28,519,030 shares in Hemtex, corresponding to 29.8 per cent of capital
and votes, resulting in an ownership of 98.3 per cent of capital and votes. ICA
Gruppen will therefore complete the offer and, at the same time, extend the
acceptance period to 15 October 2015, in order to give remaining shareholders an
additional possibility to accept.

The Offer
On 25 August 2015, ICA Gruppen announced a cash offer to the shareholders of
Hemtex to transfer all of the outstanding shares in Hemtex for 7.50 Swedish
krona in cash for each share (the “Offer”). The Hemtex shares are listed on
Nasdaq Stockholm, Small Cap.

Outcome of the Offer
At the end of the acceptance period on 1 October 2015, the Offer had been
accepted by shareholders representing a total of 28,519,030 shares in Hemtex,
corresponding to 29.8 per cent of capital and votes. ICA Gruppen has not
acquired any shares in Hemtex outside of the Offer. At the time of the
announcement of the Offer, ICA Gruppen owned 65,655,195 shares in Hemtex,
corresponding to 68.5 per cent of capital and votes. ICA Gruppen does not hold
any other financial instruments that provide a financial exposure to Hemtex’
shares. Together with acceptances received in the Offer, ICA Gruppen controls
94,174,225 shares, corresponding to 98.3 per cent of capital and votes. All
conditions of the Offer have thus been fulfilled and ICA Gruppen declares the
Offer unconditional. Consequently, ICA Gruppen will complete the Offer.

Settlement of the shares for which acceptances have been received by 1 October
2015 is expected to start on 6 October 2015.

In order to give the shareholders who have not accepted the Offer an additional
possibility to accept the Offer, ICA Gruppen has decided to extend the
acceptance period until 5:00 p.m. (CET) on 15 October 2015. ICA Gruppen intends
to initiate a compulsory redemption of the remaining shares in Hemtex and
promote a delisting of Hemtex’ shares from Nasdaq Stockholm. ICA Gruppen does
not intend to acquire any shares in Hemtex outside the Offer.

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

ICA Gruppen
Svetsarvägen 16
171 93 Solna
Sweden
Telephone number: +46 10 422 52 52
www.icagruppen.se

ICA Gruppen discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08:00 a.m. (CET) on 5 October 2015.

IMPORTANT INFORMATION

This press release has been published in Swedish and English. In the event of
any discrepancy between the two language versions, the Swedish version shall
prevail.

The Offer is not being made to persons whose participation in the Offer requires
that an additional offer document is prepared or registration effected or that
any other measures are taken in addition to those required under Swedish laws
and regulations.

This press release and any related Offer documentation are not being distributed
and must not be mailed or otherwise distributed or sent in or into any country
in which the distribution or offering would require any such additional measures
to be taken or would be in conflict with any law or regulation in such country –
any such action will not be permitted or sanctioned by ICA Gruppen. Any
purported acceptance of the Offer resulting directly or indirectly from a
violation of these restrictions may be disregarded.

The Offer is not being and will not be made, directly or indirectly, in or into,
or by use of mail or any other means or instrumentality of interstate or foreign
commerce of, or any facilities of a national securities exchange of, Australia,
Hong Kong, Japan, Canada, New Zealand, South Africa or the United States. This
includes, but is not limited to facsimile transmission, electronic mail, telex,
telephone, the internet and other forms of electronic transmission. The Offer
cannot be accepted and shares may not be tendered in the Offer by any such use,
means, instrumentality or facility of, or from within Australia, Hong Kong,
Japan, Canada, New Zealand, South Africa or the United States or by persons
located or resident in Australia, Hong Kong, Japan, Canada, New Zealand, South
Africa or the United States. Accordingly, this press release and any related
Offer documentation are not being and should not be mailed or otherwise
transmitted, distributed, forwarded or sent in or into Australia, Hong Kong,
Japan, Canada, New Zealand, South Africa or the United States or to any
Australian, Hong Kong, Japanese, Canadian, New Zealand, South African or U.S.
persons or any persons located or resident in Australia, Hong Kong, Japan,
Canada, New Zealand, South Africa or the United States.

Any purported tender of shares in an Offer resulting directly or indirectly from
a violation of these restrictions will be invalid and any purported tender of
shares made by a person located in Australia, Hong Kong, Japan, Canada, New
Zealand, South Africa or the United States or any agent fiduciary or other
intermediary acting on a non-discretionary basis for a principal giving
instructions from within Australia, Hong Kong, Japan, Canada, New Zealand, South
Africa or the United States will be invalid and will not be accepted. Each
holder of shares participating in the Offer will represent that it is not an
Australian, Hong Kong, Japanese, Canadian, New Zealand, South African or U.S.
person, is not located in Australia, Hong Kong, Japan, Canada, New Zealand,
South Africa or the United States and is not participating in such Offer from
Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United
States or that it is acting on a non-discretionary basis for a principal that is
not an Australian, Hong Kong, Japanese, Canadian, New Zealand, South African or
U.S. person, that is located outside Australia, Hong Kong, Japan, Canada, New
Zealand, South Africa or the United States and that is not giving an order to
participate in such offer from Australia, Hong Kong, Japan, Canada, New Zealand,
South Africa or the United States. ICA Gruppen will not deliver any
consideration from the Offer into Australia, Hong Kong, Japan, Canada, New
Zealand, South Africa or the United States.

For purposes of this section “United States” and “U.S.” means the United States
of America, its territories and possessions (including Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island, and the Northern Mariana
Islands), any state of the United States of America and the District of
Columbia.

Forward-looking information

Statements in this press release relating to future status and circumstances,
including statements regarding future performance, growth and other projections
as well as benefits of the Offer, are forward-looking statements. These
statements may generally, but not always, be identified by the use of words such
as “anticipates”, “expects”, “believes”, or similar expressions. By their
nature, forward-looking statements involve risk and uncertainty because they
relate to events and depend on circumstances that will occur in the future.
There can be no assurance that actual results will not differ materially from
those expressed or implied by these forward-looking statements due to many
factors, many of which are outside the control of ICA Gruppen. Any such forward
-looking statements speak only as of the date on which they were made and ICA
Gruppen has no obligation (and undertakes no such obligation) to update or
revise any of them, whether as a result of new information, future events or
otherwise, except for in accordance with applicable laws and regulations.
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 Apotek Hjärtat which conducts pharmacy
operations. The Group also includes the wholly owned portfolio company inkClub
and the partly owned portfolio company Hemtex. For more information see
icagruppen.se