Hakon Invest publishes prospectus and corrects pro forma profit in interim report


The Board of Directors for Hakon Invest has prepared a prospectus in connection
with the acquisition of the remaining shares in ICA and the issue of ordinary
shares with preferential rights for existing shareholders. The prospectus was
approved and registered by the Swedish Financial Supervisory Authority
(Finansinspektionen) today.

The prospectus (in Swedish) is available for download at the company's website
www.hakoninvest.se and at the Swedish Financial Supervisory Authority's website
www.fi.se. An English copy of the prospectus will be available on the Company's
website on 7 May 2013.

New issue will partially finance the acquisition of ICA

On 11 February 2013 Hakon Invest announced that the company had reached an
agreement with Ahold on the acquisition of the remaining 60 per cent of the
shares in ICA for a cash consideration of SEK 20 billion. On 27 March 2013 the
acquisition was completed after all the terms of the agreement with Ahold were
met. ICA is thus a wholly owned company in the Hakon Invest Group. It has been
proposed that Hakon Invest change its name to ICA Gruppen in conjunction with
the 2013 Annual General Meeting.

Hakon Invest is financing the acquisition of ICA with existing liquid assets and
with secured bridge financing of SEK 19 billion provided by Handelsbanken and
Nordea. The proceeds from the new share issue totalling around SEK 5 billion
will be used to repay a portion of the bridge financing. The remainder of the
bridge financing will be replaced by other long-term debt financing, for
example, through the issuance of bond loans and/or bank financing, and by
issuing preference shares in ICA Real Estate.

Correction of the pro forma profit in the interim report for January - March

The Group's operating profit before depreciation and amortisation (EBITDA),
excluding the effects of the acquisition, which indicates what the profit would
be if the acquisition of ICA had taken place as of 1 January 2013 (pro forma),
was incorrectly reported as SEK 1,022 million on page 5 of the interim report
for January - March 2013. The correct operating profit before depreciation and
amortisation (EBITDA) excluding the effects of the acquisition if the
acquisition of ICA had taken place as of 1 January 2013 is SEK 868 million. The
interim report has been corrected accordingly.

For more information, please contact:

CEO Hakon Invest
Claes-Göran Sylvén
Tel. +46 8 55 33 99 64

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

Head of Investor Relations Hakon Invest
Pernilla Grennfelt
Tel. +46 8 55 33 99 55, e-mail: pernilla.grennfelt@hakoninvest.se

The information in this press release is not for release, publication or
distribution, either directly or indirectly, in the United States, Australia,
Hong Kong, Japan, Canada, Switzerland, Singapore, South Africa or New Zealand.
The distribution of this press release may be prohibited in certain other
jurisdictions. The information in this press release shall not constitute an
offer to sell or an invitation to purchase any securities in Hakon Invest in any
jurisdiction. This press release does not constitute, nor will it form part of,
an offer or invitation to purchase or subscribe for securities in the United
States. The securities referred to herein may not be offered or sold in the US
without registration or exemption from registration as provided in the US
Securities Act of 1933, as amended ("Securities Act"). Hakon Invest does not
intend to register any portion of the offering of the securities in the US or to
conduct a public offering of the securities in the US. Copies of this
announcement are not being distributed or sent and may not be distributed or
sent to the US, Australia, Hong Kong, Japan, Canada, Switzerland, Singapore,
South Africa or New Zealand.

This document has not been approved by any regulatory authority. This document
is a press release and not a prospectus, and investors should not subscribe for
or purchase any securities referred to in this document except on the basis of
the information that is provided in the prospectus which has been approved by
the Swedish Financial Supervisory Authority and is available for download at
Hakon Invest's website.

Hakon Invest has not resolved to offer shares or rights to the public in any
Member State of the European Economic Area other than Sweden. Within such Member
States of the European Economic Area, other than Sweden, which have implemented
the Prospectus Directive (a "Relevant Member State"), no action has been
undertaken as of this date to make an offer to the public of shares or rights
requiring publication of a prospectus in any Relevant Member State. In
consequence, the shares or rights may only be offered in a Relevant Member
State: (a) to a qualified investor (as defined in the Prospectus Directive or
applicable law), or (b) in any other circumstances not requiring Hakon Invest to
publish a prospectus as provided under Article 3(2) of the Prospectus Directive.

In the application of this, the expression an "offer to the public of shares or
rights" in any Relevant Member State means the communication, in any form, of
sufficient information on the terms of the offer and the shares or rights to be
offered so as to enable an investor to decide to purchase any securities, as the
same may be varied in such a Relevant Member State due to the implementation of
the Prospectus Directive in that Member State, and the expression "Prospectus
Directive" means Directive 2003/71/EC including any relevant implementing
measures in each Relevant Member State.

Handelsbanken Capital Markets and Nordea Markets are acting for Hakon Invest and
no one else in connection with the new share issue and will not be responsible
to anyone other than Hakon Invest for providing the protection afforded to their
clients or for providing advice in relation to the new share issue and/or any
other matter referred to in this announcement.

Handelsbanken Capital Markets and Nordea Markets accept no responsibility
whatsoever and make no representation or warranty, express or implied, for the
contents of this announcement, including its accuracy, completeness or
verification or for any other statement made or purported to be made by
Handelsbanken Capital Markets, Nordea Markets, or on their behalf, in connection
with Hakon Invest and the new shares and the new share issue, and nothing in
this announcement is or shall be relied upon as a promise or undertaking in this
respect, whether as to the past or future. Handelsbanken Capital Markets and
Nordea Markets accordingly disclaim to the fullest extent permitted by law all
and any liability whether arising in tort, contract or otherwise which
Handelsbanken Capital Markets and Nordea Markets might otherwise have in respect
of this announcement or any such statement.

This press release contains forward-looking statements that reflect management's
current views with respect to future events and potential financial performance.
Although Hakon Invest believes that the expectations reflected in such
statements are reasonable, no assurance can be given that such expectations will
prove to be correct. Accordingly, results may differ materially from those set
out in the forward-looking statements as a result of various factors. You are
advised to read this announcement, and the prospectus and the information
incorporated by reference therein once available, in their entirety for a
further discussion of the factors that could affect Hakon Invest's future
performance and the sectors in which Hakon Invest operates. In the light of
these risks, uncertainties and assumptions, it is possible that the events
described in the forward-looking statements in this announcement may not occur.

Hakon Invest 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 14.00 CET on Monday, May 6, 2013.



Press release (PDF).pdf