ICA Gruppen to redeem preference shares early

ICA Gruppen has decided on early redemption of the preference shares issued in
December 2013 in the subsidiary ICA Fastigheter Sverige AB. Redemption will take
place at 110% of the subscription price which represents a redemption amount of
SEK 3.3 billion.
The preference shares were issued in December 2013 as part of the refinancing of
the bridge loan raised in conjunction with the acquisition of ICA AB in spring
2013. Against the background of interest rate development over the past year, we
now replace the preference shares with a more cost-effective solution.

The record date for redemption is 15 July and the payment date is 20 July 2015.

The preference shares are unlisted and held in equal parts by AMF
Pensionsförsäkring AB and If Skadeförsäkring AB. Other agreements, relating
among other things to restrictions on the debt/equity ratio in ICA Fastigheter
Sverige AB will cease to apply in conjunction with redemption.

At 31 March 2015, ICA Gruppen’s interest-bearing net debt amounted to SEK 13,596
million corresponding to a net debt of 2.3 times EBITDA (rolling 12 months).
Payment received for the divestment of ICA Norway, dividend paid and redemption
of the preference shares mean, all other things being equal, that net debt
compared with 31 March will increase to 2.6 times EBITDA. ICA Gruppen’s long
-term target is a net debt of less than 2.0 times EBITDA.

For more information
ICA Gruppen press service, telephone number: +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
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08.45 CET on Thursday, 4 June 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 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