Conversion of all C shares to ordinary shares in ICA Gruppen

As previously announced, all C shares in ICA Gruppen will be converted to
ordinary shares in January 2016. ICA Gruppen’s board of directors today made the
decision that conversion shall be carried as prescribed in the company’s
Articles of Association.
The total number of shares in ICA Gruppen is 201,146,895, of which 82,067,892
are C shares up until conversion. The company’s Articles of Association
stipulate that, at the request of shareholders, C shares shall be converted to
ordinary shares and that a conversion may take place not earlier than in January
2016. As previously announced, ICA-handlarnas förbund, which owns all of the C
shares, made such a request on January 1st2011, which has prompted the Board to
now make a decision on conversion in accordance with the company´s Articles of
Association. The total number of shares and votes will remain unchanged after
the conversion, as will ICA-handlarnas förbund’s share of ownership in ICA
Gruppen, 51.3%.

Ordinary shares and C shares have the same voting rights, but different
entitlement to cash dividends. Ordinary shares have an unrestricted entitlement
to dividends, while C shares lack any right to cash dividends. After the
completed conversion, ICA Gruppen will only have one class of shares – ordinary
shares – carrying equal entitlement to dividends.

For more information

ICA Gruppen press service, Telephone number: +46 10 422 52 52

ICA Gruppen discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 15.00 on Thursday, 14 January 2016.
ICA Gruppen AB (publ) is a leading retail company with a focus on food and
health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct
grocery retail, ICA Real Estate which owns and manages properties, ICA Bank
which offers financial services and Apotek Hjärtat which conducts pharmacy
operations. The Group also includes the companies Hemtex and inkClub. For more
information see icagruppen.se