The Administrative Court upholds the Swedish Tax Agency's

ICA has received a ruling from the Administrative Court related to the tax
dispute for interest deductions for the period 2004 - 2008 previously reported
in annual reports and interim reports. The Administrative Court has decided to
uphold the Swedish Tax Agency's decision to disallow ICA interest deductions of
approx. SEK 3.5 bn. The tax claim thus amounts to approx. SEK 1.2 bn. After
previous rulings, the Swedish Tax Agency has adjusted the amounts downward.

ICA will lodge an appeal against the decision with the Administrative Court of
Appeal.

On January 1, 2009, new rules came into force which restricted the possibilities
for intra-group loans. ICA's internal financing was adjusted at the time to
comply with the new legislation. The ICA Group's tax expense for 2009 amounted
to SEK 722 M, which corresponds to an effective tax rate of 31.1%.

Hakon Invest owns 40% of ICA.

For further information, please contact:

CFO Head of IR

Göran Blomberg Cecilia Lannebo

Tel: +46 8 55 33 99 99 Tel: +46 8 55 33 99 55

goran.blomberg@hakoninvest.se cecilia.lannebo@hakoninvest.se

Hakon Invest, which is listed on the Stockholm Stock Exchange (Stockholmsbörsen)
O-list, conducts active and long-term investment operations in retail-oriented
companies in the Nordic region. Hakon Invest owns 40% of ICA AB, the Nordic
region's leading retail company with focus on food. In addition, Hakon Invest
owns 100% of the shares in Forma Publishing Group, which is one of Sweden's
largest publishers. Further information about Hakon Invest is available at
www.hakoninvest.se.

[HUG#1471093]

The Administrative Court upholds the Swedish Tax Agency's decision

Attachments