Cervera has completed the acquisition of 27 DUKA stores as well as NK
Glas, Porslin & Kök. To finance the acquisition and costs for the
launch of the new store concept in autumn 2009, Cervera will receive
a capital infusion of SEK 120 M.

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 27 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 seller is CG DUKA Retail AB and DUKA AB.

Following the acquisition of the DUKA stores and NK Glas, Porslin &
Kök, Cervera will have 77 stores in Sweden. The acquired DUKA stores
are expected to be reprofiled to Cervera's concept as of 30 September
2009.

"With more stores in prime business locations, Cervera will be able
to achieve its goals more quickly. We have high expectations for
Cervera in the year ahead," says Stein Petter Ski, SVP Investments
and Portfolio Companies at Hakon Invest.

The deal has been conditional, among other things, on approval from
the Swedish Competition Authority and that the property can be
transferred to Cervera no later than June 2009. These conditions have
now been met.

In August 2009 Cervera will carry out a new issue for a maximum of
SEK 120 M that has been guaranteed by Hakon Invest.

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 totalled 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

This press release may not be published or distributed in the U.S.,
Canada, Australia or Japan.

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

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