Notice of Annual General Meeting of ICA Gruppen AB (publ)

Shareholders of ICA Gruppen AB (publ) are hereby invited to the Annual General
Meeting to be held at 14.00 CET on Wednesday, 20 April 2016, at Friends Arena,
Entrance A, Råsta Strandväg 1, Solna. Registration will open at 13.00 CET. Light
refreshments will be served in conjunction with the meeting.
Notice of attendance
Shareholders who wish to participate in the Annual General Meeting must

(i)      be registered in the shareholder register maintained by Euroclear
Sweden AB as per 14 April 2016,

(ii)     notify their intention to participate in the Annual General Meeting no
later than Thursday, 14 April 2016, via the Company’s website,
www.icagruppen.se, or by writing to ICA Gruppen AB, Årsstämma 2016, c/o
Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden, or by telephoning +46
-8-402 90 40 on weekdays between 09.00 and 17.00 CET.

Registration must include the shareholder’s name, personal or corporate identity
number, address and telephone number. Shareholders who wish to be accompanied by
an assistant (maximum two) must indicate this in their notification. Where
applicable, for example for a legal entity, notification should also include
complete authorisation documents such as a certificate of registration or
equivalent.
Shareholders with nominee-registered shares held via a bank or other nominee
must well in advance of 14 April 2016 request the nominee to register them in
the shareholder’s own name in the register maintained by Euroclear Sweden AB in
order to be able to participate in the Annual General Meeting.
Shareholders who are represented by proxy must provide their representative with
written authorisation. If the authorisation was issued by a legal entity, an
attested copy of the current certificate of registration for the legal entity
must be appended. The authorisation must be dated. The authorisation may be
valid for up to five years from the date of issue, unless otherwise specified in
the authorisation. If no period of validity is stated, the authorisation will be
effective for no more than one year from the date of issue. Copies of the
authorisation and the certificate of registration, where applicable, should be
sent in good time prior to the Annual General Meeting to ICA Gruppen AB,
Årsstämma 2016, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden.
Proxy forms are available from the Company and on the Company’s website:
www.icagruppen.se.
Notification received in time will be confirmed by the sending of an admission
pass that is to be presented at the entrance to the meeting venue along with any
proxy form and other authorisation documents.
Business and proposed agenda

 1. Opening of the meeting
 2. Election of a chairman for the meeting
 3. Preparation and approval of the voting list
 4. Approval of the agenda
 5. Election of a secretary and two minutes-checkers to attest the minutes
jointly with the chairman
 6. Determination of whether the meeting has been duly convened
 7. Report on the operations of the Company
 8. Report on the work and function of the Board and its committees
 9. Presentation of the annual accounts and auditor’s report, and of the
consolidated accounts and auditor’s report on the consolidated accounts
10. Resolution on adoption of the income statement and balance sheet and of the
consolidated income statement and balance sheet
11. Resolution on disposition of the Company’s profits in accordance with the
adopted balance sheet
12. Resolution on discharge of the members of the Board of Directors and the CEO
from liability
13. Report on the work of the Nomination Committee
14. Resolution on the number of board members and auditors
15. Resolution on directors’ and auditor’s fees
16. Election of board members and the Chairman of the Board
17. Election of auditor
18. Resolution on the Nomination Committee
19. Resolution on the adoption of principles for remuneration and other terms of
employment for the members of the Executive Management
20. Conclusion of the meeting

Proposals by the Board and the Nomination Committee
P 2  The Nomination Committee proposes Claes-Göran Sylvén as chairman of the
meeting.
P 11  The Board proposes profit distribution of SEK 10 per ordinary share for
the 2015 financial year. The Board proposes Friday, 22 April 2016 as the record
date to receive a dividend. Provided that the Annual General Meeting votes in
favour of the resolution, dividends are expected to be paid out by via Euroclear
Sweden AB on Wednesday, 27 April 2016.
P 14  The Nomination Committee proposes ten (10) AGM-elected regular board
members and one (1) chartered accounting firm as auditor.
P 15  The Nomination Committee proposes total directors’ fees in the combined
amount of SEK 4,850,000, of which SEK 1,025,000 for the Chairman of the Board
and SEK 425,000 for each of the other AGM-elected board members.

The Nomination Committee proposes that SEK 1,125,000 be allocated for committee
work, to be apportioned as follows:
- For work on the Audit Committee, payment of a total fee of SEK 425,000, of
which SEK 170,000 for the committee chair and SEK 85,000 for each of the other
members.
- For work on the Remuneration Committee, payment of a total fee of SEK 175,000,
of which SEK 75,000 for the committee chair and SEK 50,000 for each of the other
members.
- For work on the Investment Committee, payment of a total fee of SEK 225,000,
of which SEK 75,000 for the committee chair and SEK 50,000 for each of the other
members.
- A total of SEK 300,000 to be held in reserve to give the Board the capacity to
appoint up to six additional committee members or to create additional board
committees.
The Nomination Committee proposes that the auditor’s fee be paid in accordance
with approved invoice.
P 16  The Nomination Committee proposes that the following persons be re-elected
as board members for a term up to the end of the next Annual General Meeting:
Peter Berlin, Göran Blomberg, Cecilia Daun Wennborg, Andrea Gisle Joosen,
Fredrik Hägglund, Bengt Kjell, Magnus Moberg, Jan Olofsson, Jeanette Jäger and
Claes-Göran Sylvén.
The Nomination Committee proposes that Claes-Göran Sylvén be re-elected as
Chairman of the Board.
The rationale underlying the Nomination Committee’s proposals to the 2016 Annual
General Meeting for the election of board members is presented in its report at
www.icagruppen.se. More detailed information about the current and proposed
board members for re-election is also available on the website.
P 17  The Nomination Committee proposes that the chartered accounting firm Ernst
& Young AB be re-elected as auditor for the period until the conclusion of the
next Annual General Meeting. Ernst & Young AB has announced that, upon its re
-election, it will appoint Authorised Public Accountant Erik Åström as chief
auditor.
Further information about the Authorised Public Accountant can be found at
www.icagruppen.se.
P 18  The Nomination Committee proposes that the meeting resolve to appoint a
Nomination Committee for the 2017 Annual General Meeting as follows.
The Company shall have a nomination committee composed of four (4) members who
represent the Company’s shareholders. The Chairman of the Board of ICA Gruppen
shall be a co-opted member of the Nomination Committee.
Two of the members shall be nominated by the largest shareholder and two members
shall be nominated by the two next largest shareholders. The largest
shareholders based on voting rights shall be determined based on a list of
registered shareholders provided by Euroclear Sweden AB as of the last trading
day in August, and they will be contacted soon thereafter by the Company. In the
event that any of the three largest shareholders decides to waive its right to
appoint a representative to the Nomination Committee, this right shall transfer
to the shareholder that has the next largest shareholding on said date. The
names of the shareholder representatives and the names of the shareholders they
represent shall be announced not later than six months prior to the Annual
General Meeting. The mandate period of the Nomination Committee shall extend
until a new Nomination Committee is appointed. Unless the members agree
otherwise, the chair of the Nomination Committee shall be one of the members who
represents the largest shareholder in terms of votes. The chair shall have the
deciding vote.
If, during the Nomination Committee’s mandate period, one or more of the
shareholders that appointed members of the Nomination Committee is no longer
among the three largest shareholders, the member appointed by such shareholder
shall resign, and the shareholder that is now among the three largest
shareholders shall be entitled to appoint members. However, unless there is
specific reason, no changes shall be made in the composition of the Nomination
Committee if only minor changes in ownership have taken place or if changes take
place later than two months prior to the Annual General Meeting. Shareholders
that have appointed a member of the Nomination Committee are entitled to remove
such member and appoint a new member of the Nomination Committee. Any change in
the composition of the Nomination Committee shall be announced on the Company’s
website as soon as it has been made.
The Nomination Committee shall present proposals regarding the following matters
prior to the Annual General Meeting:
i.   Proposal for chairman of the meeting
ii.  Proposal for members of the Board of Directors
iii. Proposal for Chairman of the Board.
iv  Proposal for directors’ fees, broken down into amounts for the Chairman of
the Board and the other board members, and for fees for committee work.
v.  Proposal for auditor or auditors, and proposal for fees to be paid to the
Company’s auditor
In other respects, the Nomination Committee shall perform the duties incumbent
upon a nomination committee in accordance with the Swedish Corporate Governance
Code. At the request of the Nomination Committee, the Company shall provide
personnel resources – such as a secretarial function in the Nomination Committee
– to facilitate its work. As required, the Company shall also bear reasonable
costs for external consultants that the Nomination Committee deems necessary to
perform its work.
It is proposed that the resolution on the Nomination Committee shall apply until
further notice.
P 19  The Board proposes that the following principles for remuneration and
other terms of employment for members of the Executive Management be approved by
the 2016 Annual General Meeting for the period until the conclusion of the 2017
Annual General Meeting. The guidelines shall be applied in subsequently
concluded agreements.
For the Company to be able to recruit, develop and retain senior executives with
relevant experience and expert leadership qualities it is important to have a
competitive remuneration package that is in line with the going rate in the
market for senior executives in similar sectors.
In addition, the remuneration principles shall motivate senior executives to
strengthen the Group’s market position and earnings, and shall be coupled to
long-term growth in shareholder value. Further, variable remuneration shall be
coupled to measurable criteria set in advance.
The levels of remuneration paid to senior executives in related industries and
markets are continuously monitored and assessed. The total remuneration shall
comprise the following components: base salary, pension benefits, share
investment programme, bonuses, other remuneration and benefits, and severance
pay.
Base salary
The base salary shall be in line with the going rate in the market and be based
on the individual’s expertise, responsibilities and performance.
Pensions
For the CEO and other senior executives, a defined-contribution pension plan
shall be applied, with pension premiums amounting to a maximum of 35% of
pensionable salary. Premiums are to be paid as long as the individual remains
employed by the Company.
Senior executives employed in a country other than Sweden have pension
agreements in line with national practice and that follow the principles
described above.
Bonuses
The CEO and other senior executives in the Group are to be covered by two
variable remuneration programmes taking the form of a cash bonus, one of which
runs for one year (Short-Term Incentive programme) and the other for three years
(Long-Term Incentive programme). The amount of the combined bonuses has a cap
per person and year corresponding to 59% of annual salary (118% for the CEO).
Bonus payments are not pensionable.
The Board shall decide annually whether new programmes are to be started and set
financial targets, and decide on eligible participants and the maximum cost.
Terms for notices of termination and severance pay
A mutual notice period of six (6) months shall apply for senior executives.
Severance pay for senior executives shall be paid at up to 12 months’ cash base
salary upon notice served by the Company. Such severance pay shall be deductible
from earnings from future employment.
In the event the executive gives notice and the Company chooses to apply a non
-compete clause that is included in the executive’s contract in certain cases,
the Company shall provide compensation during the time covered by the non
-compete clause at a maximum amount of 60% of the executive’s base salary.
Severance pay and compensation paid during the non-compete period shall not be
pensionable.
Other remuneration and benefits
Other remuneration and benefits shall be of limited value in relation to the
total remuneration and shall be in line with standard market practice.
Share investment, etc.
For the purpose of increasing the senior executives’ identification with and
interests in the Company and its value growth, the Board shall make a decision
annually that senior executives be expected to invest a certain portion of their
gross salary in shares in the Company.
During a period to be specified by the Remuneration Committee that starts on or
after the day following the Annual General Meeting and ends on or before 31
December 2016, the CEO and senior executives are expected to buy shares in the
Company for a sum amounting to between 5% and 10% of their fixed gross salary
for the current financial year. Shares already held may not be included in the
calculation. Purchased shares shall be held throughout the period the executive
is employed by the Group.
Twelve months after the shares in the Company have been purchased as described
in the previous paragraph, the Company’s executives will receive a net sum
equivalent to 50% of their investment, on condition that all of the following
criteria are met:
i.  the executive is still employed by the Group,
ii.  the executive still holds all of the acquired shares, and
iii.  a threshold of at least 50% of the outcome of the Short-Term Incentive
programme for the investment year in question has been achieved.
Special circumstances
The Board has the right to depart from the proposed guidelines if special
circumstances exist.
Documentation and further information
The Board of Directors’ complete proposed resolutions as set out in items 11
(including the statement pursuant to Ch. 18 section 4 of the Swedish Companies
Act) and 19, information about the proposed auditor, proposed board members, the
annual report, the Nomination Committee’s report, the audit report, the Board’s
statement on the Remuneration Committee’s evaluation in accordance with Chapter
9.1 of the Swedish Corporate Governance Code, the auditor’s statement on
remuneration of senior executives, and proxy forms are all available from the
Company and on the Company’s website: www.icagruppen.se. Copies of documents
will be sent free of charge to shareholders who so request and provide their
postal address.
At the Annual General Meeting, shareholders have the right to information –
should the Board consider that this can occur without material harm to the
Company – on circumstances that could impact on the evaluation of an item on the
agenda and circumstances that could impact on the evaluation of the Company’s or
a subsidiary’s financial situation.
As of the date of this notice there are 201,146,795 shares and voting rights in
ICA Gruppen AB (publ).
Solna, March 2016 ICA Gruppen AB (publ)
The Board of Directors


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 07:45 CET on Thursday, March, 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