Industrivärden

Net Asset Value • May 2, 2011

Submitted for publication on May 2, 2011, at 10 a.m.

Net asset value as per April 29, 2011

On April 29, 2011, net asset value was SEK 153 per share, corresponding to SEK 147 per share after full conversion of outstanding convertible loans of SEK 8,399 M and 74 million additional Class C shares.

The closing price on April 29, 2011, was SEK 135.50 for the Class A shares and SEK 120.60 for the Class C shares.

Stockholm, May 2, 2011 AB INDUSTRIVÄRDEN (publ)

For further information, please contact: Carl-Olof By, Executive Vice President, tel. +46-8-666 64 00.

Long-term industrial developer of listed Nordic companies

Industrivärden is one of the Nordic region's leading holding companies, with ownership in a concentrated selection of listed Nordic companies with good development potential. The goal is to generate high growth in net asset value over time.