Spar Finland Result

Axfood will be reporting an operating loss for Spar Finland of SEK -49 m. In addition to Spar Finland’s operating loss for 2005, this figure includes costs for divesting the holding in Spar Finland.

Axfood AB (publ.) sold its shares in Spar Finland ABP on 12 January 2006. Axfood was previously Spar Finland’s largest shareholder, with 75.2% of the votes and 69.3% of the capital. Spar Finland reported an operating loss of EUR -2.8 m (+2.6) for 2005, or SEK -25 m (+22). In Axfood’s accounting for 2005, in accordance with IFRS 5, Spar Finland will be reported on a separate line in profit and loss account as a discontinued operation. Axfood's operating loss from discontinued operations, which will amount to SEK -49 m, includes Spar Finland's operating loss, capital losses, transaction costs and reserve provisions for guarantees associated with the divestment of the operation. For further information, please contact: Lars Nilsson, Chief Financial Officer, Axfood AB, +46-705-69 66 33 Kenneth Wall, Director, Media Relations, Axfood AB, +46-703-124 122