Hakon Invest today completed the investment in the Hemma white goods
chain (Hemmabutikernas Utvecklings AB) in accordance with the
agreement signed and announced on September 18, 2006. Hakon Invest's
total investment is SEK 85 M in cash, providing an ownership interest
of 48 percent of the capital and votes.

The transaction was conditional on the usual terms and regulatory
approvals. All terms and conditions have now been met.

"Hemma is characterized by a strong entrepreneurial spirit and a high
level of specialized retail expertise," says Göran Hesseborn, CFO and
responsible for investments at Hakon Invest. "Through contributing
retail know-how, networks and capital, Hakon Invest foresees great
possibilities, as a long-term owner, to create value for the Hemma
Group in its store expansion."

Hakon Invest has appointed three representatives to Hemma's Board of
Directors: Johan Örengård (Investment Manager, at Hakon Invest),
Henry Patek (Manager of Business controlling at ICA Sverige) and
Catharina Grundström (retailer in Maxi ICA Stormarknad in Kalmar).
The other four Board members are Bengt Isaksson (Chairman), Dick
Brissman, Leif Rehn and George Müller. CEO of Hemma is Stig Wass.

Earlier this year, Hemma acquired the member companies Dala
Hemtjänst, Vitvaruhuset i Norrtälje and Konsumentköp i Helsingborg,
as a result of which Hemma currently has 21 proprietary stores in the
metropolitan regions. These stores are part of the Hemma chain's some
120 stores in Sweden, with total sales of about SEK 2 billion
annually. The remaining stores are owned and operated by local
retailers who are members of the Hemma chain with the right to use
the brand. The Hemma chain is Sweden's largest white goods retailer.

The acquired operations posted annual sales of about SEK 570 M as of
June 30, 2006 and reported positive earnings. The goal is for sales
to exceed SEK 1 billion within five years. In addition, Hemma could
make additional acquisitions.

For more information, contact:

CFO
Göran
Hesseborn
ph. + 46-8-553 399 66

Head of Investor Relations
Pernilla Linger
ph. + 46-8-553 399 55
This press release is not for publication or distribution in or into
the US, Canada, Australia or Japan.

Hakon Invest, which is listed on the Nordic Exchange, 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 and
50% of the shares in Kjell & Company . Further information about
Hakon Invest is available at www.hakoninvest.se.