ICA’s ownership changes in Netto approved by the Swedish Competition Authority

ICAs ownership changes in Netto approved by the Swedish Competition Authority

Solna 5 February, 2007 The Swedish Competition Authority has decided to approve the agreement that was signed between ICA AB and Dansk Supermarked regarding ownership changes in Netto. Therefore, the parties can proceed with the deal which will be finalized on February 12.
ICA announced on December 7 that it had the intention to reduce its ownership in Netto from 50 percent to 5 percent. As part of the deal ICA acquires 21 Netto stores in the Mälardalen area to convert some of them into ICA stores.

ICA will during a transition period operate the stores in the Mälardalen region under the Netto brand and is retaining a five percent holding in Netto to safeguard its interests in the company.

The agreement generated a structural cost for ICA AB of approximately SEK 25 million during the fourth quarter 2006.

Netto Marknad AB was founded in August 2001 as a joint venture between ICA AB and Dansk Supermarked AS.

For further information, please contact: ICA press hotline, phone +46 70 253 66 60

----------------------------------------------------------------------------------------------------- About ICA The ICA Group (ICA AB) is one of the Nordic regions leading retail companies, with around 2,300 of its own and retailer-owned stores in Sweden, Norway and in the Baltic States. The Group includes the sales companies ICA Sverige, ICA Norge, Rimi Baltic and Etos. ICA also offers financial services to Swedish customers through ICA Banken. ICA also owns half of Netto Market, with above 80 stores in Sweden. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold N.V. of the Netherlands. According to a shareholder agreement, Royal Ahold and Hakon Invest jointly share controlling influence over ICA AB. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit http://www.ica.se

About Us

About ICA ICA wants to make every day a little easier. With a focus on food and meals ICA is the leading retail company in Sweden. ICA owns and manages real estate and financial services. The 1.305 ICA stores in Sweden are operated by independent retailers in collaboration. ICA is a part of ICA Gruppen. For more information about ICA, see ica.se