Cervera has signed an agreement to acquire most of the Swedish DUKA
stores as well as NK Glas, Porsling & Kök. Cervera intends to carry
out a new issue to finance the acquisition as well as the costs for
the launch of Cervera's new store concept in autumn 2009.

By acquiring the DUKA stores and NK Glas, Porslin & Kök, Cervera will
strengthen its position as one of Sweden's leading retailers of
gifts, kitchen and table setting products. The acquired assets in
DUKA consist of most of the store locations, store fixtures and
fittings, existing external stocks and the DUKA store brand in the
Swedish market. The acquisition also includes the company that
conducts operations at the NK department stores in Stockholm and
Gothenburg. The deal is subject, among other things, to approval from
the Swedish Competition Authority and to the property being
transferred to Cervera no later than June 2009. The seller is CG DUKA
Retail AB.

Once the acquisition is completed, Cervera will carry out a new
issue. The proceeds from the new issue will be used, among other
things, for payment of the purchase price, build-up of stocks and
conversion of the DUKA stores taken over and existing Cervera stores
to Cervera's new store concept in autumn 2009.

"This is a very good opportunity for Cervera to take advantage of the
opportunities that arise in the market. Over the past year, Cervera
has developed its store concept and product range strategy, and
improved the efficiency of its store operations. This has created a
good platform for further expansion," says Stein Petter Ski, SVP
Investments and Portfolio Companies at Hakon Invest. The rights issue
will also strengthen Cervera's financial position.

"This acquisition will provide Cervera with good opportunities to
achieve its long-term targets more quickly. It will be exciting to
launch a new and more dynamic Cervera in autumn 2009," continues
Stein Petter Ski.

Cervera in brief
The Cervera store chain was established in 1987 and is today one of
Sweden's biggest retailers within the segments glass, porcelain,
cutlery, kitchen and furnishings with products from known brand
suppliers. Cervera has 48 stores throughout Sweden and employs 154
people. In 2008 Cervera's store sales totaled SEK 545 M, including
the franchise stores. Cervera's largest owner is Hakon Invest with an
81% stake in the company.

For further information, please contact:

SVP Investments and Portfolio Companies
Stein Petter Ski
tel +46 8 55 33 99 44

Head of Investor Relations
Pernilla Grennfelt
tel +46 8 55 33 99 55

Hakon Invest, which is listed on the Nasdaq OMX Stockholm, 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 a focus on food. The
portfolio also includes shares in Forma Publishing Group, Kjell &
Company, Hemma, Cervera, inkClub and Hemtex. Further information
about Hakon Invest is available at www.hakoninvest.se.

This announcement was originally distributed by Hugin. The issuer is
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