Hakon Invest AB : Year-end report 2011

Fourth quarter, October 1 - December 31, 2011

  * Consolidated net sales amounted to SEK 840 M (872).
  * Operating profit before impairment (EBITA) in the Group amounted to SEK 281
    M (-43).
  * Operating profit in the Group amounted to SEK 281 M (-327). Earnings in the
    previous year were negatively affected by SEK 253 M in reversed deferred tax
    in ICA Norway and SEK 284 M goodwill impairment in Hemtex. Profit before tax
    amounted to SEK 320 M (-302).
  * Profit for the period amounted to SEK 249 M (-330). Earnings per share
    attributable to continued operations amounted to SEK 1.92 (-1.94) before and
    after dilution.
  * The ICA Group's net sales increased by 1.7% compared with the previous year.
    Operating profit amounted to SEK 947 M (718).
  * The remaining 45% of the shares in inkClub were acquired for a cash payment
    of SEK 199 M. inkClub is subsequently owned to 100%.
  * Sale of Hemma to EEL AB.

Period January 1 - December 31, 2011

  * Consolidated net sales amounted to SEK 2,498 M (2,663).
  * Operating profit before impairment (EBITA) for the Group amounted to SEK
    538 M (-103).
  * Operating profit for the Group amounted to SEK 302 M (-387). Impairment of
    goodwill in ICA Norway had a negative impact on operating profit of SEK 236
    M. Operating profit in the previous year was negatively affected by SEK 552
    M for tax items in ICA and by SEK 284 M in goodwill impairment in Hemtex.
  * Profit before tax amounted to SEK 252 M (-341).
  * Profit for the period amounted to SEK 59 M (-391). Earnings per share
    attributable to continued operations amounted to SEK 1.97 (-1.65) before and
    after dilution.
  * The ICA Group's net sales increased by 1.4%. Operating profit amounted to
    SEK 2,505 M (2,924). Excluding capital gains and impairment, the ICA Group's
    operating profit amounted to SEK 3,101 M (2,936).

Significant events after the end of the period

  * The Board of Directors of Hakon Invest proposes a dividend of SEK 6.25 per
    common share (6.00).
  * Torbjørn Theie new president of ICA Norway.
  *  ICA is proposed to pay a dividend of SEK 2 billion for 2011, of which Hakon
    Invest will receive SEK 800 million (760).

Press and anlayst meeting

Hakon Invest will hold a press and analyst meeting on Wednesday, February
15, 2012, at 10.30 CET at IVA Conference Center in Stockholm. The presentation
(Swedish) will be webcasted on www.hakoninvest.se.

For further information, please contact:

President Claes-Göran Sylvén
Tel. +46 8 55 33 99 64

CFO Göran Blomberg
Tel. +46 8 55 33 99 99

IR Pernilla Grennfelt
Tel. +46 8 55 33 99 55

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


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