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Hakon Invest AB (STO:HAKN) Hakon Invest Increases Holding In Hemma

Hakon Invest AB (STO:HAKN) Hakon Invest is investing an additional SEK 45 M in Hemmabutikerna AB by subscribing for newly issued shares. Hakon Invest's holding will thus increase from 61% to 89% of the capital and voting rights in the company. The remaining shares in Hemmabutikerna, which are one the leading white goods retailers in Sweden, are owned by independent retailers.

"Given the prevailing market conditions it feels good to be able to guarantee a stable foundation for Hemmabutikerna's continuing change program. The ongoing rationalization and cost-cutting program will also create conditions for aggressive ventures over time," says Stein Petter Ski, Senior Investment Manager at Hakon Invest.

The Board of Hemmabutikerna AB has estimated the capital requirement on the basis of the adopted market plan and against the background of the fact that 2009 is expected to be a weak year for the retail sector. As a result of the new issue, Hemmabutikerna AB will receive SEK 45 M in cash. The issue is directed to all owners of Hemmabutikerna AB and in addition to Hakon Invest two small shareholders also subscribed for the issue. The Board is of the opinion that this additional capital combined with the company's credit facility will be sufficient to guarantee the company's long-term funding requirements.

For further information, please contact:

CEO Claes-Göran Sylvén tel +46 8 55 33 99 64

IR Manager Pernilla Grennfelt tel +46 8 55 33 99 55

Hakon Invest, which is listed on Nasdaq OMX in 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.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

LINK: http://hugin.info/135965/R/1278066/285053.pdf

Hakon Invest AB

www.hakoninvest.se

ISIN: SE0000652216

Stock Identifier: XOME.HAKN

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Hakon Invest AB

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