ICA Appoints New Executive Vice President

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ICA Appoints New Executive Vice President

Solna: December 16, 2005

Anders Nyberg has been appointed as Executive Vice President Retail, for the ICA Group. He most recently served as Executive Vice President, Head of Retail Trade Development, at Axfood.

- Anders Nyberg is a strong addition to ICAs executive board. He has a solid background in retail, and his extensive experience with strategic business development is an important contribution to our work in continuing to strengthen our store concept in the Nordic countries, says Kenneth Bengtsson, President and CEO, ICA AB.

As Executive Vice President Retail, Anders Nyberg will be responsible for areas such as store, format, and concept development for the ICA Group in the Nordic countries.

Between 1992 and 2000 Anders Nyberg worked at ICA in a variety of positions, including Executive Vice President of ICA-handlarnas AB, Regional Manager, and Business Development Manager. Before joining ICA, he worked for Åhléns and the Esselte Group.

With the appointment of Anders Nyberg, ICA has filled its fourth Executive Vice President position. The three other positions are held by Karl Wistrand, Executive Vice President, Finance; Ingrid Jonasson Blank, Executive Vice President, Marketing; and Sven-Olof Kulldorff, Executive Vice President, Supply Chain.

The date when Anders Nyberg will start his new position will be decided later.

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







----------------------------------------------------------------------------------------------------- About ICA The ICA Group is one of the Nordic region?s leading retail companies, with around 2,500 of its own and retailer-owned stores in Sweden and Norway. The Group includes the sales companies ICA Sverige, ICA Norge and Etos. ICA Meny specializes in distribution to restaurants, the foodservice sector and convenience stores. ICA also offers financial services to Swedish customers through ICA Banken. ICA owns half of the companies Rimi Baltic, with just over 170 stores in the Baltic countries, and Netto Marknad, with just over 70 stores in Sweden. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold of the Netherlands. Due to shareholder agreement, neither party has control of the company and both share equal voting power. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit www.ica.se

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