Hakon Invest s interim Report, January - March 2007

January 1 - March 31, 2007

- Group revenues amounted to SEK 154 M (154).
- Operating profit for the Group, including share of profits of ICA
AB, amounted to SEK 99 M (163).
- Profit for the period amounted to SEK 511 M (239). Earnings per
share amounted to SEK 3.18 (1.49) before and after dilution.
- The National Tax Board allowed Hakon Invest a tax deduction in
respect of losses on the shareholding in the Dutch company Royal
Ahold for tax years 2002-2005, which had a positive effect on income
tax of SEK 350 M in the first quarter.
- The ICA Group's revenues increased by 20.5%, including Rimi Baltic
which is consolidated from January 1, 2007. Excluding Rimi Baltic,
the increase was 5.2%. Profit for the period fell to SEK 341 M (465).

President and CEO Claes-Göran Sylvén comment the Interim Report: "The
first quarter was characterized by continued high growth in the
Nordic and Baltic retail markets. For our biggest holding, ICA, sales
in the Swedish and Baltic stores continued to show strong
development, while store sales in Norway do not yet meet
expectations. Despite a good sales trend in total terms, our share of
profits from ICA decreased during the quarter due to structural costs
in Sweden and Norway.""During the period we received a positive notification from the
National Tax Board which means that Hakon Invest is allowed a tax
deduction for losses we incurred in previous years on our
shareholding in the Dutch company Royal Ahold. Combined with
continued positive development for financial management, this means
that our profit after tax for the first quarter more than doubled
compared with the same period in the previous year."

For more information, contact:

Vice President Corporate Communications
Anders Hallgren, tel. +46-8-553 399 66

Head of Investor Relations
Pernilla Linger, tel. +46-8-553 399 55

Hakon Invest, which is listed on Nordic Exchange Large Cap, 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 focus on food. In
addition, Hakon Invest owns Forma, Kjell & Company and Hemma. Further
information about Hakon Invest is available at www.hakoninvest.se.