Interim Report January - June 2008

Improved operating profit during the second quarter despite slowdown

January 1 - June 30, 2008
*  Group revenues amounted to SEK 584 M (427). This represents an
  increase of 36.8% compared with the same period in 2007. The
  increase is mainly due to acquired operations.
*  Operating profit in the Group, including share of profits of ICA
  AB, amounted to SEK 221 M (267).
*  Net financial items amounted to SEK -133 M (173).
*  Profit for the period amounted to SEK 91 M (771). The comparative
  figure includes positive income tax of
  SEK 350 M. Earnings per share amounted to SEK 0.64 (4.82) before
  and after dilution.
*  The ICA Group's revenues increased by 11.6%. Operating profit
  amounted to SEK 919 M (941).

  April 1 - June 30, 2008
*  Group revenues amounted to SEK 301 M (273).
*  Operating profit, including share of profits of ICA AB, amounted
  to SEK 191 M (168).
*  Net financial items amounted to SEK -71 M (95).
*  Profit for the period amounted to SEK 118 M (259). Earnings per
  share amounted to SEK 0.79 (1.64).
*  The ICA Group's revenues increased by 10.0%. Operating profit
  amounted to SEK 660 M (595).

  President Claes-Göran Sylvén comment's: "Operations in our holdings
  continued to perform well during the second quarter, despite a
  slowdown in several parts of the retail sector. The action programs
  and structural changes under way in the companies have started to
  have an impact and we can see that we are heading in the right
  direction in most areas. The challenge - now as before - is to have
  a clear approach to the market regardless of whether this concerns
  price, assortment or accessibility at the same time as keeping
  costs under firm control. Successful retail operations are built up
  over time and put simply this involves a number of unique details
  rather than molding operations according to a set formula. In our
  opinion it is the streamlined and innovative businesses that will
  be the winners in the future as well."

  Press and analyst meeting
  Hakon Invest will hold a press and analyst meeting today,
  Wednesday, August 6, 2008, at 10.30 CET in Stockholm.
  The press and analyst meeting is held in Swedish. A live webcast
  will be available on the internet at www.hakoninvest.se.

  For further information, please contact

  President and CEO
  Claes-Göran Sylvén
  +46 8 55 33 99 64

  CFO
  Göran Hesseborn
  +46 8 55 33 99 99

  Head of IR
  Pernilla Linger
  +46 8 55 33 99 55

  Hakon Invest, which is listed on the OMX Nordic Exchange in
  Stockholm, conducts active and long-term investment operations in
  retail-oriented companies in the Nordic and Baltic region. Hakon
  Invest owns 40% of ICA AB, one of the Nordic region's leading food
  retail companies. Hakon Invest also has holdings in Forma
  Publishing Group, Kjell & Company, Hemma, Cervera, inkClub and
  Hemtex. Further information about Hakon Invest is available at
  www.hakoninvest.se