Investor AB

Capital/Financing Update • May 9, 2017

Press release

Stockholm, May 9, 2017

Investor intends to buy back outstanding bonds

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. The information was submitted for publication, through the agency of the contact persons set out below, at 10:30 CET on May 9, 2017.

INVESTOR AB (publ) intends to invite noteholders of its EUR 300,000,000 3.25 per cent. Fixed Rate Notes due September 17, 2018, and its SEK 500,000,000 5.25 per cent. Fixed Rate Notes due September 4, 2019, to tender any and all of their notes for purchase for cash (the "Offers"). The intended purchase price will i.a. include a customary premium.

The purpose of the Offers is to pro-actively manage and optimize Investor's debt maturity profile. Notes repurchased pursuant to the Offers will be cancelled and will not be re-issued or re-sold.

Please note that further information, which i.a. will set out certain important restrictions, regarding the intended Offers is expected to be made available shortly and will be found on:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html

For further information contact:

Stefan Stern, Head of Corporate Relations, Sustainability and Communications; Phone: +46 8 614 2058; +46 70 636 7417

Magnus Dalhammar, Head of Investor Relations; Phone +46 8 614 2130; +46 735 24 2130

Our press releases can be accessed at www.investorab.com

Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.